Uncle Sam Slight of Hand
The move this week by President Obama and his administration to release Strategic Petroleum Reserve (SPR) crude oil should…
Asphalt Weekly Monitor
- East Coast asphalt and flux retail prices mostly flat, with some narrowed or lower ranges.
- Midwest wholesale prices decline—some retail…
Financial Times: Record US Oil Sale Eases Global Supply Picture
“The US on Friday raised billions of dollars by selling the biggest ever amount of oil from its strategic…
Tradewinds: Don’t Fire Order Gun
“A rush of more than 50 suezmax newbuilding orders last spring set back a recovery in the market by…
Bloomberg: LNG Ship Rents May Rise to 8-Year High as Japan Cargoes Expand
“The cost of hiring ships to haul liquefied natural gas may exceed $100,000 a day for the first time…
Yard Trips Sink Ships
Public companies, private equity groups and new entrants to the shipping markets convened at various finance conferences this week…
Lloyd’s List: Asia set to Deliver Tanker Salvation
“The truth about today’s tanker recession is that it is scaring almost no one. Owners are universally looking east…
Lloyd’s List: Tanker Optimism Against the Odds
“An Interesting thing happened on the way to the tanker crisis: tanker owners are not wearing a look of…
Pier Pressure
The proposed project to expand Pier 400 – Berth 408 in the port of Los Angeles has engendered a…
Asphalt Weekly Monitor
- East Coast asphalt retail-selling prices static, with some narrowed ranges.
- Midwest selling ranges mostly steady, but some area assessments lowered…
