As some Asian oil buyers rushed to secure vessels, rates for chartering supertankers, or very large crude carriers (VLCCs), to load crude oil from the Middle East to north Asia in October surged nearly 19% overnight to about 7576 points on Worldscale, an industry tool used to calculate freight charges, shipping and industry sources said.
Get PriceStunning Photos Of Huge Oil Supertanker Lines Forming "World's Biggest Traffic Jam" by Tyler Durden. ... huge queues of supertankers have formed in some of the world's busiest sea lanes, where some 200 million barrels of crude lies waiting to be loaded or delivered, Reuters reports …
Get Price3 days ago· China’s demand for crude oil shows no signs of abating. There are currently more supertankers bound for the Asian nation than at any time since …
Get PriceChina Dominates in Oil Tanker Market as Refiners Prepare for IMO China’s demand for crude oil shows no signs of abating. There are currently more...
Get PriceSep 27, 2019· Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market ... Reuters reports. ... two supertankers overnight, industry sources said. ...
Get PriceNow, some trading firms are sending their oil out to sea, hiring supertankers to store supplies until prices come back up, Reuters reports. It’s not as profitable to sell oil at recent prices of under 50 a barrel. So instead of booking less income, Shell and other companies are opting to hold oil in storage for at least the next several months.
Get Price12 empty supertankers reveal truths about today’s oil market Report Bloomberg reported that they are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of ...
Get PriceAug 22, 2019· On one hand, spot rates for supertankers carrying crude oil are on a tear, a positive indicator. ... Ocean Rate Report: Supertankers Jump, Boxes Rates Tumble. ... we expect the tanker market …
Get PriceA dozen supertankers are traveling tens of thousands of miles without cargo, as shippers turn to the United States to pick up light crude from Texas ... 3 days API Reports Yet ... 12 supertankers ...
Get PriceTanker market finds itself in "completely abnormal times" The VLCC rates continue to soar, and the question everyone is asking themselves is for how long this development will continue. The rates are now rubbing off on product tanker, where LR2 ships have started to sail with crude oil, analysts say.
Get PriceOcean Rate Report: Supertankers jump, boxes rates tumble. Greg Miller, Senior Editor 08/21/2019. 0 785 4 minutes read. Euronav's VLCC Antigone. Photo courtesy of Euronav Ocean freight rates are showing mixed signals. On one hand, spot rates for supertankers carrying crude oil are on a tear, a positive indicator. ... we expect the tanker market ...
Get PriceThe cost of chartering supertankers to carry crude oil from the Middle East to Asia soared by double digits overnight on Friday ... 2 days API Reports Yet Another Big Oil ... industry and shipping ...
Get PriceWith a recent market cap of million, its 2014 revenues stood at billion and trailing twelve months EPS at It has a history of regular dividend payments with a healthy dividend ...
Get Price5 days ago· Special Reports. Where to Invest 10,000 ... That could signal that China’s refineries are planning to run hard through the end of the year when the shipping industry is moving to cleaner fuel ...
Get PriceOct 10, 2019· The market for chartering oil supertankers is in the grip of a supply squeeze that has sent prices soaring, after the US slapped sanctions on a …
Get PriceSep 27, 2019· As some Asian oil buyers rushed to the shipping market to secure vessels, rates for chartering supertankers, or very large crude carriers (VLCCs), …
Get PriceAs some Asian oil buyers rushed to secure vessels, rates for chartering supertankers, or very large crude carriers (VLCCs), to load crude oil from the Middle East to North Asia in October surged nearly 19% overnight to about 7576 points on Worldscale, an industry tool used to calculate freight charges, shipping and industry sources said.
Get PriceOct 03, 2019· Ocean Rate Report: Sanctions Still Stoking Supertankers. FreightWaves ... the LR2 market is strengthening significantly with a fairly tight vessel …
Get PriceFree Online Library: Ocean Rate Report: Supertankers Jump, Boxes Rates Tumble. by ""; Business Marine transportation Reports Statistics Shipping industry Tankers Tankers (Ships)
Get PriceBy Jonathan Saul and Collin Eaton. LONDON/HOUSTON, Oct 4 (Reuters) Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the …
Get Price4 days ago· Intermodal Weekly Market Report [W42] Subscribe. To our FREE newsletter ... Top Stories, Wet. Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipyards stretching their capacity to the maximum possible. ... There are currently more supertankers ...
Get Price11 days ago· The IEA recently cut its demand forecast for 2019 by 65,000 barrels per day in its monthly oil market report. It even cut its demand forecast for next year by 105,000 barrels per day and now expects global consumption to grow by million …
Get PriceAug 22, 2019· On one hand, spot rates for supertankers carrying crude oil are on a tear, a positive indicator. ... Ocean Rate Report: Supertankers Jump, Boxes Rates Tumble ... we expect the tanker market …
Get PriceEmpty supertankers reveal truths about today’s oil market On February 27, 2019 5:25 am In Economic outlook by Bankole They are slowly plowing their way across thousands of miles of ocean toward ...
Get PriceSep 27, 2019· Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of …
Get PriceIran’s ambassador to the UK has said that his country’s decision to deliver oil to a private company in Syria by Adrian Darya1 supertanker was in no contrast to an agreement to not sell the ...
Get PriceA total of 32 ships, mostly supertankers capable of carrying 300,000 tons or more of oil, are currently anchored in Malaysian waters near Singapore accumulating stores of IMOcompliant fuels on board, according to data released by intelligence firm Kpler on Thursday. ... Senior Market Analyst Author of The Energy Report. Contributor to FOX ...
Get PriceAccording to a report released on February 15, 2016 by Deloitte LLP—the audit and consulting firm—with global crude oil at near tenyear low prices, 35% of listed EP oil and gas companies are at a high risk of bankruptcy worldwide. Indeed, bankruptcies "in the oil and gas industry could surpass levels seen in the Great Recession."
Get PriceAug 28, 2019· “ Sentiment in the forward market remains encouraging, with fourthquarter contracts trading up to 49,500/day [on Aug. 19], indicating a further surge in rates as we go into the fourth quarter, ” the investment bank continued, attributing recent VLCC …
Get PriceReport on supertankers industry Iran Storing Oil in Fleet of Supertankers: Report 8 days ago· TEHRAN (Tasnim) Iran is starting to store oil on its fleet of supertankers again as US sanctions on the country’s oil industry loom.
Get PriceIt was a good year across all segments of the tanker market segments, but not as good as 2004 and 2005. Amidst high oil prices, geopolitical tension, and fears of disruptions to the oil supply, growing demand was the main driving force in the tanker shipping market for the year.
Get PriceOcean Rate Report: Sanctions still stoking supertankers. Greg Miller, Senior Editor 3 weeks ago. 0 890 4 minutes read. VLCC rates keep mounting. Photo courtesy of DHT Holdings. ... When the crude market becomes more attractive, as it is now, they switch from products and fill up their tanks with crude, and when the pendulum swings in the ...
Get Price