(EnergyAsia, May 31 2010, Monday) — The ‘2010 International Tanker Shipping Summit (TISS)’, organised by CBI China, will be held in Shanghai, China on June 24 and 25.

The event is expected to attract over 100 decision makers from major oil importing and exporting nations around the world. It will provide delegates with a platform to exchange knowledge on the upstream market, outlook on tankers, oil prices and freight rates as well as developments in the tanker fleets of Russia and China.

While the global economy could gradually recover and boost demand for oil, the global shipping market may not follow suit as a result of high oil prices and the increase in the number of new ships. CBI China said it expects this year’s shipping market to fare better than 2009 with global petroleum demand expected to grow 1.5% to 2% this year.

The first 2010 International Tanker Shipping Summit held last September attracted delegates from China National Development and Reform Commission,PTT Public Company Limited,Thai Oil,Sinopec, Petro China,Unipec,Sk Shipping,China Shipping Development,Nanjing Tanker Corporation,Maersk Tankers,Dalian Ocean Shipping,Lloyd’S Register,ABS,DNV,Port Of Fujairah,Yangshan Shengang International Petroleum Logistics, HSH Nordbank, and Drewry Shipping.