Saudi Arabian Crude and the US Market
Over the past few years US domestic crude oil production has supplanted foreign crude oil imports. To the extent…
The East Has It: Top Reported Dirty Spot Charterers for 2013
The rankings for the top charterers of 2013 remain largely unchanged from last year with number one seed Unipec…
Caribbean Crude
Caribbean crude oil has historically been a main feedstock for US Gulf Coast refineries. However, the recent surge in…
Lower Flat Rates, Higher Worldscale Rates in 2014
The time of year has come for the Worldscale Association to publish its schedule of nominal freight rates, “flat…
Suezmax Salvation?
Last week, the Suezmax sector finally began to cash in on the freight rate gains exhibited by their larger…
Back In Black
It is well documented that 2013 has been a far cry from a banner year as far as tanker…
European Clean Product Exports
Refinery utilization rates in Europe have been steadily trending lower as crack spreads have declined, challenging owners to turn…
Venezuelan Clean Product Taper
Following the death of Hugo Chavez in March of 2013, Nicolas Maduro took over as interim president of Venezuela….
An Unsanctioned Iran?
United States and European Union-led sanctions against Iran have significantly reduced Iranian crude oil exports since they were first…
VLCC Rates Climb to Highest Levels in 2013
VLCC rates rose to $47,200/d (Worldscale 59) on November 8th for the benchmark Arabian Gulf to Far East voyage,…
