Lloyd’s List: China Crude Imports to Hit 350m Tonnes
“China’s crude imports are forecast to reach 350m tonnes, equivalent to 6m barrels per day, by 2015 — benefiting…
Lloyd’s List: New Ships to Depress Time Charter Rates to Eight-Year Low
“One-year and three-year time charter rates for dirty tankers will fall to eight-year lows in 2011, as high numbers…
Tradewinds: Vitol Sees Volumes Jump
“Vitol, the world’s largest oil trader, has seen trading volumes rise 25% in 2010 compared with the previous year…
Reuters: Freight Rates Seen Rebounding 80% in H1
“Freight rates for the largest oil tankers are expected to rebound nearly 80 per cent in the first half…
Financial Times: Pitfalls of the US Cheap Gas Habit
“It could well be that among America’s current ‘false friends’ is the depressed domestic natural gas price. Prices are not…
Bloomberg: Profit Gain in Singapore Bunkers May Jump 24%
“The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24…
Fairplay: LR2 Exception Softens Blow for Tankers
“US Broker Poten & Partners sees a bright spot even though tanker fixtures had a nasty drop in 2010,…
Platts: Shell Top Hirer of Clean Tankers in 2010
“Oil major Shell dominated the spot clean charter rankings for 2010 — a year that saw the number of…
Lloyd’s List: Vitol Tops List of Long Range Two Charterers
“Oil trader Vitol has emerged as the largest charterer of clean aframax tankers in 2010, with the class the…
Tradewinds: 2010 Clean Fixtures Slide
“Reported clean tanker fixtures fell by over 8% last year on the back of a weaker global economy, a…
