IT Admin Bunkerworld: Tanker Firms Margin Squeezed by Rising Bunker Prices IT Admin “The spike in bunker prices has ‘drastically’ eroded the already slim profits experienced by tanker owners and operators, according… Read More
IT Admin Petroleum Economist: Oil-Indexed LNG Coming Under Pressure in Asia IT Admin “Big Asian LNG customers are investigating alternative formulas to existing oil-linked contracts. But a switch to LNG prices based… Read More
IT Admin Bloomberg: Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand IT Admin “Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand… Read More
IT Admin Reuters: US Clean Oil Product Exports Jumped Thirty Percent IT Admin “U.S. exports of clean refined oil products in 2010 were 30 percent higher compared with 2009, U.S. shipbroker Poten… Read More
IT Admin Tradewinds: Glencore Profits jump 40% IT Admin “The world’s largest commodity trader reported revenues of almost $145bn compared with the $106bn seen last year, a rise… Read More
IT Admin Lloyd’s List: China Crude Imports to Hit 350m Tonnes IT Admin “China’s crude imports are forecast to reach 350m tonnes, equivalent to 6m barrels per day, by 2015 — benefiting… Read More
IT Admin Lloyd’s List: New Ships to Depress Time Charter Rates to Eight-Year Low IT Admin “One-year and three-year time charter rates for dirty tankers will fall to eight-year lows in 2011, as high numbers… Read More
IT Admin Tradewinds: Vitol Sees Volumes Jump IT Admin “Vitol, the world’s largest oil trader, has seen trading volumes rise 25% in 2010 compared with the previous year… Read More
IT Admin Reuters: Freight Rates Seen Rebounding 80% in H1 IT Admin “Freight rates for the largest oil tankers are expected to rebound nearly 80 per cent in the first half… Read More
IT Admin Financial Times: Pitfalls of the US Cheap Gas Habit IT Admin “It could well be that among America’s current ‘false friends’ is the depressed domestic natural gas price. Prices are not… Read More
IT Admin Bloomberg: Profit Gain in Singapore Bunkers May Jump 24% IT Admin “The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24… Read More
IT Admin Fairplay: LR2 Exception Softens Blow for Tankers IT Admin “US Broker Poten & Partners sees a bright spot even though tanker fixtures had a nasty drop in 2010,… Read More