Bunkerworld: 2011 Tanker Market Shows Virtue of Slow Steaming
“The weak freight rate environment in 2011 has seen tanker operators pushing for lower voyage speeds in a bid…
Bloomberg: Libya Says Oil Output Tops One Million Barrels a Day as Industry Recovers
“Libya, holder of Africa’s biggest oil reserves, is now pumping “more than a million” barrels a day as the…
Bloomberg: Libya May Load 420,000 Tons of Crude on Four Tankers This Week
“Four tankers have been booked so far to load 420,000 metric tons of crude oil in Libya this week,…
Tradewinds: PetroBangla Opens Bidding for FSRU
“State-run PetroBangla has invited four pre-qualified parties to submit bids to provide a floating regasification terminal. . . Broker…
Platts: Total, Cheniere Still Eye LNG Deal
“France’s Total is still negotiating with Cheniere Energy to buy LNG from the proposed Sabine Pass LNG export project…
Bunkerworld: Tanker Flat Rate in 2012 to Rise on Higher Bunker Costs
“The higher tanker flat rates issued by the Worldscale Association for 2012 reflects the increase in fuel costs seen…
Platts: New Planned Global VLCC Pool May Not Push Up Freight Levels
“The teaming up of four large shipowners to form a new global VLCC pool has evoked mixed feelings among…
Bloomberg: Mitsui O.S.K, Maersk to Control 12% of Tankers
“Mitsui O.S.K. Lines Ltd., A.P. Moeller-Maersk AS and other shipowners will control about 12 percent of supertankers under their…
Inside Futures: Barchart Morning Call
“Jan crude oil prices this morning are up +88 cents a barrel and Jan gasoline is +6.61 cents per…
Fairplay: VLCC Crude Shipments Face Changes
“Seaborne crude oil trade patterns are being changed by the use of alternative crude sources and falling US demand,…
