In an extremely rare move, the US Department of Homeland Security Secretary announced today that it would issue a temporary blanket waiver of the US Jones Act to allow foreign-flagged tankers to transport petroleum
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In the aftermath of Hurricane Sandy, we will attempt to gauge its immediate impact on the tanker and petroleum markets. This is a difficult task as the wake of destruction caused by the storm has cut lines of communication,
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Over the past year,global crude inventories touched both the low and high end of the 2006 to 2011 range.Following a drop through much of 2011,a dramatic rise during 1H12 came on the back of heightened fears over Iran's oil exports following July sanctions and the potential Download  File[PDF]

The Worldscale Association issues updated tanker rates, which are referred to as ‘flat rates’ at the end of each year. These values are given in a US$/metric ton format and are a fundamental component used in the negotiation of Worldscale (WS) spot rates. The WS spot rates, which are barometer for Download File[PDF]

China’s independent petroleum refining industry comprises an estimated one-fifth of the nation’s nameplate capacity – or some 2 mbpd. Many of these independent plants have a capacity of around 40 kbpd (2 mtpa) or less, and are typically referred to pejoratively as “teapots.”Download File[PDF]

This weekend's weather forecast-a huge mass of polar air sweeping across Europe leading to dramatic temperature reductions-in a chilly reminder that winter is fast approaching.In thus seems appropriate timing to look at what the winter may bring for the shipping industry.Download File[PDF]

We make no apologies for visiting the issue of supply again so shortly after our report last month,as this subject is so important in relation to the recovery prospects for the tanker market.As we enter the final quarter of 2012,it  Download File[PDF]

The Aframax spot market has continued to witness incremantal demand gains through 2012 against a moderating level of net fleet growth. The cumulative effect has been a 78% year-on-year rise in average Download  File[PDF]

Following a 50-cent per gallon spike that sent California retail gasoline prices to record levels and as high as $5/gallon in some areas, gasoline supply is finally stabilising in the region. An upset at ExxonMobil’s 149.5 kbpd Download File[PDF]