Bloomberg: European Gasoline Crack Drops
“European gasoline’s crack, or premium to Brent crude, dropped after reaching a four-month high yesterday on news of the…
Lloyd’s List: Tanker Conundrum as Fixtures Rise but Earnings Fall
“The tanker industry is struggling with poor freight rates and earnings, but all is certainly not doom and gloom…
Lloyd’s List: Suezmax Sale Signals Fresh Low for Tanker Asset Values
“Average earnings for suezmaxes will be $17,000 per day this year, Arctic Securities has forecast. US broker Poten &…
SinoShip News (Beijing): Unipec Becomes World’s Top VLCC Charterer
“According to a report released by Poten & Partners, Unipec has overtaken Shell’s position and become the top spot…
Bloomberg: Crude Oil-Tanker Spot Bookings Seen 5% Higher in 2012
“Spot, or single-voyage, bookings for crude oil-tankers increased by 5 percent in 2012 compared with the previous year, according…
Bloomberg: Gasoline Barges Advance; ICE Gasoil Gains: Oil Products
“Bookings of fuel oil from Western countries to Asia next month rose 4 percent from a week earlier to…
Lloyd’s List: Baltic Sea Aframax Earnings Rise $11,000 Overnight
“Earnings for aframax crude tankers able to operate in icy Baltic Sea waters rocketed up by more than $11,000…
Bloomberg: Scorpio Seen Rising as Tanker Rates Gain Most Since ’08
“Rising Asian demand for naphtha and a shortage of ships hauling the oil product used in everything from Barbie…
Tradewinds: Naptha Fires LR1 Rates
“A surge in Asian demand for naptha is behind a recent rally in long range one (LR1) spot rates,…
Fairplay: LR Rate Surge Explained
“Growing Asian petrochemical production explains why LR2 and LR1 tankers are at 2012 highs, tanker consultancy Poten & Partners…
