OPEC Cuts Production– Is There a Message?
OPEC announced today a reduction of about 1 million bpd to stem falling oil prices. Saudi Arabia stated that…
Tanker Opinions
Gyrating Bunker Prices
Bunker prices are an important part of overall costs for operating a tanker. A Vlcc consuming 90 tons per…
Happy Thanksgiving!
It’s a nice tradition to take a day off with the intent of counting all that we should be…
Those Dirty Little Ships in the Mist
All our professional lives we were taught that handymax tankers are built and make…
Are We Nearing a Turning Point?
China is not just driving the shipping market to historical highs. Its demand for raw material imports has driven…
Suezmaxes Moving Out of West Africa
Something is happening to Suezmax tankers on one of their most important trades. The first chart in this article…
The Driver
Last week we concluded that shifting trade patterns and growth in ton-mile demand…
Aframax Runup – Myth or Reality?
With current weekly average Aframax rates at WS 400 ($60,000 per day), with…
Why Is This
As tanker owners, we know what happens when demand gets ahead of supply–…
Can Fuel Oil Be Turned into Silver?
The fuel oil market in 2004 has been characterized by increased demand, volatile prices, changing regulations and new restrictions…
OPEC – Quotas: up, Production: Up,Oil Prices: Up, What Gives
This week’s OPEC announcement that it would raise production quotas by one million barrels per day to help stave…
