Financial Times: Japan Short Sellers are Still Waiting
“It seems seismic engineers weren’t the only people to underestimate the effects of an event such as the great…
Lloyd’s List: Vessel Influx Drives Down Rates for West Africa VLCCs
“VLCCs also ship cargoes from West Africa east of the Suez Canal to discharge ports in Asia — a…
Bunkerworld: Slow Steaming Most Effective Exploitation of Tanker Fleet
“Slow steaming is ‘here to stay’ and tanker operators who embrace it will have a ‘competitive advantage’, according to…
Tradewinds: Bunker Sales Decline
“Singapore’s bunker industry saw sales decline by over 10% last month from the record high seen in January…. Its…
Lloyd’s List: Medium Range Tankers Reap Rewards as US Gasoil Exports Rise
“US Exports of gasoil to Europe, the Caribbean and Latin America have risen 38% in a year after US…
Bunkerworld: Tanker Firms Margin Squeezed by Rising Bunker Prices
“The spike in bunker prices has ‘drastically’ eroded the already slim profits experienced by tanker owners and operators, according…
Petroleum Economist: Oil-Indexed LNG Coming Under Pressure in Asia
“Big Asian LNG customers are investigating alternative formulas to existing oil-linked contracts. But a switch to LNG prices based…
Bloomberg: Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand
“Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand…
Reuters: US Clean Oil Product Exports Jumped Thirty Percent
“U.S. exports of clean refined oil products in 2010 were 30 percent higher compared with 2009, U.S. shipbroker Poten…
Tradewinds: Glencore Profits jump 40%
“The world’s largest commodity trader reported revenues of almost $145bn compared with the $106bn seen last year, a rise…
