Ohhhhhh, We’re Halfway There

02 Jul 2015: Livin’ On a Prayer – Top Reported Dirty Spot Charterers for 2015 YTD* The first half of 2015 has come and gone, oil has moved, and traders and oil companies alike have claimed their spots in the worldwide spot dirty tanker chartering landscape. Not surprisingly, Unipec remains in the lead in the overall ranking of reported dirty spot charterers for 2015 year-to-date (ytd), representing 8.1% of total dirty spot market fixtures thus far. Should they maintain this momentum during the second half of 2015, their reported dirty spot fixtures could total approximately 164 million metric tons of cargo on an annualized basis, down from a reported 177 million metric tons for full year 2014. Reuters recently reported that China’s oil imports fell by about 11% in May 2015 from a year prior, likely using crude from storage units to service their refineries. Imports into China, however, are expected to increase in the second half of this year, which could bring total seaborne volumes to similar levels as 2014. Download here