Lloyd’s List: China Could Help VLCC Overcapacity by Purchasing all 15-Year-Old Vessels
“Chinese oil companies could help the tanker chartering markets by buying up many of the ageing very large crude…
Made in China
It is difficult to deny the severe tanker oversupply situation. Worldwide oil demand has recovered globally surpassing its 2007…
Asphalt Weekly Monitor
- East Coast wholesale flux prices move higher in northern markets- southeast unchanged.
- Midwest retail posted and selling prices steady as…
Bunkerworld: Tanker Operators Urged to Get Creative
“Tanker companies can consider vessel layups, scrapping and company mergers as means to lower operational costs on the back…
Platts: Total to Buy Sabine Pass Supply, Equity: Report
“France’s Total will be the second company to sign a contract to buy LNG from Chenier’ Energy’s planned liquefaction…
Lloyd’s List: NYK Group Rumored to be Selling Another VLCC in Secondhand Market
“In its weekly comment piece, US-based brokers Poten & Partners said that although the fourth quarter is sometimes thought…
To Some Avail
The pre-Halloween snow storm on the US Atlantic coast and the impending winter weather in the northern hemisphere are…
The Peninusla (Qatar): Mideast Tanker Rates Fall on Slower Business
“Crude oil tanker earnings on the major Middle East route slipped yesterday as cargo fixing momentum faded and the…
Asphalt Weekly Monitor
- East Coast hit by freak snowstorm–asphalt retail paving and flux prices steadfast this week.
- Midwest wholesale prices mostly steady for…
Fairplay: Tanker Lives Shortening?
“The anticipated removal of the remaining single-hull tankers is unlikely to have any meaningful impact in reducing [VLCC and…
