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…
Bloomberg: U.S. Drought Seen Hindering Energy Independence on Ethanol Stall
“The worst U.S. drought in five decades is cutting profits from producing corn-based ethanol for blending in gasoline, hindering…
Fairplay: China to Raise Oil Imports as Economy Stabilises
“China is ready to expand oil imports as economic growth returns, tanker consultancy Poten &Partners has predicted. As the…
Lloyd’s List: Fall in Middle East VLCC Supply will Support New Rate Growth
“A two-week turnaround in the very large crude carrier market has seen time charter equivalent earnings on the Baltic…
