Caribbean Balancing Act

7 Oct 2016: In recent weeks, two VLCCs have loaded U.S. crude in the U.S. Gulf and both of them seem to be bound for Asia. The first vessel, the “Izki” discharged in the U.S. Gulf, then loaded a part cargo in Mexico and topped up with U.S crude in Corpus Christi. The second one, the “C. Excellency” came from the Middle East, discharged in the Gulf, followed by reverse lightering to load U.S. crude and is now heading for Singapore. It remains to be seen how frequent such VLCC moves will be in the future, but it triggered a question on the VLCC availability in the area and the competing demand for such vessels. Download Here