High Oil Prices & Tanker Demand
With oil prices hovering above $60 per barrel and U.S. Gulf oil production…
Down for the Count
According to the U.S. Minerals Management Service, Katrina-Rita has knocked out 98.59% of U.S….
Katrina-Rita The One-Two Punch
Rita is expected to make landfall tomorrow morning in Texas and Louisiana delivering…
The 26th Annual Fuel OilEnergy Buyers’ Conference
On October 23-25, the 26th Annual Fuel Oil/Energy Buyers’ Conference will be held at…
Shipping’s “Katrina” Effect
Among many generous displays of solidarity since the tragedy of Hurricane Katrina began to…
India Comes Clean
The opening of new refineries, and capacity additions at older refineries, has made…
Speed Up on Phase Out
This week we examine the VLCC fleet with regard to the impact of…
Crude Prices Climb While Spot VLCC Activity Falls Why?
The explanation for high oil prices often cites strained production. If so, we would expect VLCC fixture activity to…
U.S. Energy Act of 2005 Implications for Tanker Owners
On July 30th, the Senate passed the U.S. Energy Act of 2005 and it is expected to be signed…
Getting Back to (Inventory) Basics?
In the good ol’ days, the purpose of oil inventories was to cover contingencies and uncertainties. Greater amounts of…
The Cost of Bunkers, Do Owners Care?
The cost of bunkers is a major component of an owner’s voyage expense. In paying for the bunkers, the…
