It was another active period for VLCCsthis week, with the upward pressure that developed last week pushing rates to levels not seen since the first half of the year. The week actually began rather quietly as Charterers attempted Download File[PDF]

As China’s new fifth generation leaders were announced to their public this week, a wave of encouraging assessments of the nation’s coming economic health fortuitously seeped into the media. Late summer’s unveiling Download File[PDF]

While Iran has lost its prominence from the front pages of our daily newspapers the problem has not gone away. In September, Iranian crude production was reported to have fallen to 2.63 million b/d , the lowest level since 2008.Download File[PDF]

Despite the pressure tanker markets have been under for the majority of the year, the price of second hand assets has been relatively stable. Figure 1 illustrates the sales price of five year old tankers through the first Download File[PDF]

Any individual that has a connection to the tanker industry is aware of the glut of vessels that are presently operating in the market. This supply of ships is the result of tanker owner’s confidence on the back of robust
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As we approach the winter season, the inevitability of tankers being delayed because of bad weather is foreseeably high. Poor weather can have a substantial effect on tanker operations, and comes often with little
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VLCC activity posted strong gains this week acrossall markets as charterers progressed more aggresively into the second half of November Middle East program and into early December cargoes in the Atlntic basin. Total activity  Download File[PDF]

Oil news has been dominated recently by the US and European Union oil embargo against Iran.With the tanker market already suffering from the effects of tonnage oversupply and faltering world consumption - reduced oil exports from Download File[PDF]

Hurricane Sandy captured headlines during the past week, and her effects will be felt throughout the Northeastern United States to varying degrees for the foreseeable future. Various media outlets note that drivers Download File[PDF]