Since the beginning of this century the larger MR category has gone through a major transformation. The size of the MR fleet between 40,000 to 55,000 dwt (MR2) has increased by more than threefold over the past twelve and a half Download File[PDF]

Six weeks ago, we observed that a surprise US crude inventory build was consistent with seasonal patterns, risk aversion ahead of Iran sanctions, trapped Cushing storage and Motiva stock building. We suggested that these rising Download File[PDF]

Against falling oil prices and soaring US crude inventories, conventional wisdom suggests that the outcome meeting of OPEC ministers would be the citation of an oversuppliedoil market and a cut productin target for the group.Download  File[PDF]

The rapid growth of Chinese oil product demand, refining capacity and crude imports has been a supportive feature of crude tanker demand for years, and is poised to continue this trend. Recent shifts in Chinese crude import volumes Download File[PDF]

Since becoming operational in the early 1900’s, the Panama Canal has been a key component of the global shipping industry. The Panama Canal Authority (ACP) is currently in the midst of an ambitious expansion program that will Download File[PDF]

Owing to problems restarting a crude distillation unit after a leaking valva had earlier halted operations, Motiva announced this week that it would idle the 325,000 b/d expanded capacity at its 600,000 b/d Port Arthur, TX, refinery Download  File[PDF]

Bunker prices have a prominent influence on the whole of the shipping industry but none more so than VLCCs, due to the larger tankers spending more time at sea and consuming more fuel oil. Although current lower bunker prices have Download File[PDF]

The title of this note borrows words from a popular series of novels currently on the bookshelves in the US or e-reader screens. It is difficult to predict nowadays what things in pop culture will go “viral.” In the shipping industry Download File[PDF]

At first glance, crude oil import data for PADD 1 (representing the US East Coast) might suggest that volumes are in the midst of a steady decline that might continue for many more months. As the chart below Download File[PDF]