Tradewinds: China’s Thirst Unable to Buoy VLCC Rates
“Despite China’s insatiable desire for oil, brokers do not see a positive outlook for VLCC rates over the next…
Pipelines International: Lebanon to Offer Pipeline Tenders in November
“Within the next month the Lebanese Ministry of Energy and Water plans to offer tenders for the construction of…
The Atlantic: Road Hogs
“Innoventor, a design-build firm in St. Louis, has “created a contraption that recycles pig waste for road-paving and roofing…
Fairplay: Owners wait for Tanker Rate Uptick
“The gap between forward optimism and dismal spot conditions in the tanker trades has widened. Recent comments from Poten…
Lloyd’s List: Peak Oil Theorists Point Towards An Upturn For Tanker Owners
“Poten’s Marine Projects department, in a recent weekly tanker opinion, noted a stiffening in the term charter portion of…
Platts: VLCC Owners Eye Time Charter Deals in Weak Spot Market
“With the spot market for VLCCs struggling at the moment, the stagnant conditions are encouraging shipowners to commit their…
Fairplay: Tanker Rates Left Resting in State of Languid Recovery
“An opinion piece by the New York-based tanker broker Poten and Partners called ‘Summer Doldrums’ provides a detailed recounting…
Lloyd’s List: US Summer Driving Season Fails to Absorb Large Stocks of Gasoline
“Despite US gasoline demand showing growth in August, increased consumption has not been able to absorb high stockpiles of…
Fairplay: Increases in Underlying Demand are Expected to Benefit Rates
“In this normally sluggish time of the year, the range-bound nature of the main tanker routes has been evident…
Platts: Tanker Market Takes Heart From Brazil’s Rising Crude Exports
“Brazil’s rise as a crude oil exporter is helping the tanker industry as it turns into a significant source…