Lloyd’s List: The Strategic Petroleum Reserve
“International Energy Agency in move to push stocks into the market to meet a shortfall in supplies . ….
Bunkerworld: Rising Bunker Bills Drastically Eroding Profitability
“Rising bunker prices have eaten into tanker owners’ profit margins, especially those with significant exposure to the spot market,…
Tradewinds: Time to be Creative
“Shipowners accepting VLCC newbuildings this year may need to think outside the box along with their accountant as spot…
North Jersey: Potholes Stretch North Jersey Budgets
“Potholes tore up local streets following the harsh winter, and now they are adding an expense to municipalities already…
Fairplay: Poten Predicts Surge Seen in Indian Clean Exports
“India’s gradual removal of price controls could raise demand for its clean products, along with improving quality, according to…
Wall Street Journal: Lackluster Oil Demand Calls Into Question IEA Motives
“Traders have been left questioning the International Energy Agency’s motives for its emergency stock release this month as demand…
Financial Times: Record US Oil Sale Eases Global Supply Picture
“The US on Friday raised billions of dollars by selling the biggest ever amount of oil from its strategic…
Tradewinds: Don’t Fire Order Gun
“A rush of more than 50 suezmax newbuilding orders last spring set back a recovery in the market by…
Bloomberg: LNG Ship Rents May Rise to 8-Year High as Japan Cargoes Expand
“The cost of hiring ships to haul liquefied natural gas may exceed $100,000 a day for the first time…
Lloyd’s List: Asia set to Deliver Tanker Salvation
“The truth about today’s tanker recession is that it is scaring almost no one. Owners are universally looking east…
