Lloyd’s List: VLCCs Still in Demand Even as US Looks to Cut Oil Reliance
“The rise in North American production in recent years has even created a glut of oil stored at Cushing,…
Bloomberg: U.S. Refinery Expansion May Spur Demand for Supertanker Cargoes
“The expansion of Motiva Enterprises LLC’s refinery could spur increased demand for supertankers hauling Persian Gulf crude oil westbound,…
Fairplay: Middle East – The Hormuz Effect
“This could finally be the year when decades of tension between Iran and its nemeses in Israel and America…
Reuters: Iran’s Seaborne Trade Suffers as Sanctions Mount
“Seaborne trade is withering as sanctions are stepped up against the Islamic Republic, freezing bank finance and deterring many…
Lloyd’s List: US Sanctions Leave Room for Manoeuvre
“Washington has been lobbying for international sanctions against Iran for years, and its efforts came to fruition last month….
Bloomberg: Libya Crude Bookings Rise to 1 Million Barrels a Day Next Week
“Nine tankers have been booked so far to load about 1 million barrels a day of crude oil in…
Platts: Aframax Fixtures into Japan up 50% on Higher Oil Demand for Power
“The demand for crude and fuel oil after the devastating March 2011 earthquake and subsequent nuclear outages that hit…
Lloyd’s List: Tankers to Scoop up Canada’s Tar Sands Oil Exports
“Tanker owners will rub their hands in glee at the prospect of opening up a new long-haul trade route….
Fairplay: Keystone XL Veto May Boost Tankers
“The recent veto by President Obama of the proposed construction of the Keystone XL pipeline project from Canada to…
Platts: Major Investment Boom Expected in LNG, Gas Shipping
“A major demand-driven investment boom in LNG is likely toward the end of this decade, estimated at some $263…
