A number of tankers carrying diesel fuel are floating off Taiwan and Southeast Asia, due to the fact that a sudden fall in oil prices kept buyers at bay. This development led rates to their highest since January 2016. Tanker rates also were also benefited by strong Chinese oil exports.
As Reuters reports, about seven to nine tankers with about 5 to 7 million barrels of diesel are floating off Taiwan waters, because of a reduction in bunker fuel demand from South China Sea.
In fact, North Sea...
https://safety4sea.com/tankers-carrying-diesel-stranded-in-asia-as-rates-increase/