Even the best ‘spin doctors’ would struggle to create some positivity into the earnings of the currently beleaguered crude tanker market. The Suezmax sector in particular has Download File[PDF]

VLCC sector earnings continue to languish as recent rate movements broke through previously estimated seasonal support levels. TD1 spot rates have fallen into the teens, while other Baltic VLCC routes have also dropped precipitously in the new year.Download File[PDF]

The Suez Canal remains one of, if not the most important trade waterways in the world. The recent political tension in Egypt has no doubt doubt had an influence on the strength of Brent crude Download File[PDF]

Suezmax rates improved this week across several key markets after facing a difficult trading environment for several weeks.Average spot marktet earnings gained 123% w/w, to ~$14,700/day over the course of the week.Though still well below ideal levels,the gains were a Download File[PDF]

Chinese oil majors have been on a substantial buying run over the past four years,peaking at $35bn worth of mergers and acquisitions activity in 2012 according to Dealogic. As a result, IEA’s chief economist, Fatih Birol, was quoted in the Financial Times earlier this week saying that the Download File[PDF]

In the post-crisis, a recurring trend-prompted, variably, by such developments as a strong oil contango curve (2010),expectations for sustained strength in oil demand (2011),and a looming supply crunch due to geopolitical issues Download File[PDF]

This year’s recently published 2013-2017 Tanker Market Outlook puts forth a hint of optimism for the larger tanker segments. This cautious assumption continues to be rooted on strong economic growth from non-OECD countries and the subsequent boost in energy consumption. The two-tiered global Download File[PDF]

A recent revival in Asia-Pacific has sparked signs of at least some optimism for tanker owners.In 2012, Chinese oil demand growth was at its slowest seen since 2009.However, in November'December Chinese refinery throughput jumped by 700,000 b\d Download File[PDF]

The recovery from last autumn’s Hurricane Sandy continues in some of the hardest hit areas of the Northeastern United States, and there are likewise lingering effects within the petroleum products market in the region. Unseasonably high motor gasoline prices Download File[PDF]

The number of VLCCs transiting through the Suez Canal on laden voyages from the Middle East to points in the West reached a recent year's low during 2010; since then, however, the number has been on a steady rise back towards Download File[PDF]