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…
Tanker Prospects 2012-2016
The past year has been characterized by much pessimism. Freight rates have remained well below breakeven levels for many…
