In early April VLCC owners were enjoying the highest level of spot returns in over a year, with tce earnings for Middle East - Japan (TD3) rising to $45,000/day on a round voyage basis at design speed. However, more recently VLCC Download File[PDF]

The recent lack of VLCC S&P transactions has rendered normal VLCC indicative valuations somewhat difficult Download File[PDF]

The main culprit behind the recent uncharacteristically deep discount of West Texas Intermediate’s (WTI) price compared to Brent is the rapid rise of domestic and Canadian oil flows into Cushing, Oklahoma. Faced with Download File[PDF]

This week the 100 day countdown to the opening ceremony of the London 2012 Olympic games got underway. Perhaps an event receiving less exposure, but nevertheless extremely important to the shipping industry, is that we are just Download File[PDF]

To stop the United States’ gasoline production crashing into the 10% ethanol blending wall, the US Download File[PDF]

Middle East VLCC activity was low this week as the holiday weekend delayed the market's open Download File[PDF]

The weakness in tanker earnings over the past three years has led to a dramatic reduction in new tanker ordering. Download File[PDF]

Arguments occasionally spawn diversification. Oil pipeline tariff squabbles with Belarus in 2008 prompted Russia to develop alternative routes that bypassed their neighbor. One result was the country’s decision to build the Baltic Pipeline Download File[PDF]

Over the years, oil refineries along the US Northeast Coast have hit their share of economic potholes. Many of these plants were built around processing mainly light, low sulfur crude oils predominantly from West Africa. Until a few Download File[PDF]

As we have previously discussed the fundamentals of the MR market hav changed over the past year.Refinety closures on the US Atlantic Coast in the Caribbean and Europe have coincided with rising levels of US Gulf Coast area product exports. Download File[PDF]