IT Admin Lloyd’s List: Tanker Conundrum as Fixtures Rise but Earnings Fall IT Admin “The tanker industry is struggling with poor freight rates and earnings, but all is certainly not doom and gloom… Read More
IT Admin Lloyd’s List: Suezmax Sale Signals Fresh Low for Tanker Asset Values IT Admin “Average earnings for suezmaxes will be $17,000 per day this year, Arctic Securities has forecast. US broker Poten &… Read More
IT Admin SinoShip News (Beijing): Unipec Becomes World’s Top VLCC Charterer IT Admin “According to a report released by Poten & Partners, Unipec has overtaken Shell’s position and become the top spot… Read More
IT Admin Bloomberg: Crude Oil-Tanker Spot Bookings Seen 5% Higher in 2012 IT Admin “Spot, or single-voyage, bookings for crude oil-tankers increased by 5 percent in 2012 compared with the previous year, according… Read More
IT Admin Bloomberg: Gasoline Barges Advance; ICE Gasoil Gains: Oil Products IT Admin “Bookings of fuel oil from Western countries to Asia next month rose 4 percent from a week earlier to… Read More
IT Admin Lloyd’s List: Baltic Sea Aframax Earnings Rise $11,000 Overnight IT Admin “Earnings for aframax crude tankers able to operate in icy Baltic Sea waters rocketed up by more than $11,000… Read More
IT Admin Bloomberg: Scorpio Seen Rising as Tanker Rates Gain Most Since ’08 IT Admin “Rising Asian demand for naphtha and a shortage of ships hauling the oil product used in everything from Barbie… Read More
IT Admin Tradewinds: Naptha Fires LR1 Rates IT Admin “A surge in Asian demand for naptha is behind a recent rally in long range one (LR1) spot rates,… Read More
IT Admin Fairplay: LR Rate Surge Explained IT Admin “Growing Asian petrochemical production explains why LR2 and LR1 tankers are at 2012 highs, tanker consultancy Poten & Partners… Read More
IT Admin Bloomberg: U.S. Drought Seen Hindering Energy Independence on Ethanol Stall IT Admin “The worst U.S. drought in five decades is cutting profits from producing corn-based ethanol for blending in gasoline, hindering… Read More
IT Admin Fairplay: China to Raise Oil Imports as Economy Stabilises IT Admin “China is ready to expand oil imports as economic growth returns, tanker consultancy Poten &Partners has predicted. As the… Read More
IT Admin Lloyd’s List: Fall in Middle East VLCC Supply will Support New Rate Growth IT Admin “A two-week turnaround in the very large crude carrier market has seen time charter equivalent earnings on the Baltic… Read More