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Media Mentions
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Platts: FSRUs Serve as an Entry Solution to LNG Markets for Smaller Scale Imports
May 14, 2013 |
| “Floating storage and regasification units serve as an entry solution to the LNG market for smaller volumes of LNG imports, John Sattar, an LNG and natural gas consultant with Poten & Partners, said in an industry event Thursday. ‘Given the physical scale of the FSRU solution, they are ideal for when small volumes need to be introduced to the market,' Sattar said during his presentation at the Emerging Asia Small and Mid-Scale LNG forum held in Singapore.” |
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Wall Street Journal: Buffett's Lesson for Keystone and Canada
March 11, 2013 |
| “Canadian oil producers face an even harder battle. Western Canadian Select, or WCS, is a relatively heavy grade of oil, so it should be cheaper than a lighter benchmark than Brent. But the discount, now $38 per barrel, owes much to transportation bottlenecks. . . . TransCanada's Keystone, along with a couple of other planned expansions of existing pipelines, should boost capacity to about 4.8 million barrels per day in 2015—if Keystone gets built on time. Even then, though, more capacity will be required beyond 2017. The most obvious route is westward to Canada's Pacific coast, from where oil could be exported to Asia's growing market. TD Economics estimates piping oil to the coast would cost about $3 a barrel. Both Enbridge and Kinder Morgan have proposals on the table adding up to a combined 1.2 million barrels per day of capacity. But they also face significant opposition from environmentalist and First Nation groups. Another option is to pipe the oil eastwards to Quebec and possibly all the way to the Atlantic coast at St. John, New Brunswick. TD estimates this would cost $8 a barrel. And Poten & Partners, a shipbroker and consultancy, points out that St. John can handle the largest types of tankers that could then ship oil onto East Asia for about another $5 a barrel.” |
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Bloomberg: Oil Export Law Forces Jump in Tanker Rates
February 18, 2013 |
“Oil tankers that move crude between U.S. ports are reaping windfall profits as domestic production surges and American laws prohibit exports. Rates for Jones Act tankers, the only kind permitted to haul domestic fuel cargoes, jumped 87 percent to $85,978 a day in the past year, and the average cost will reach a record in 2013, according to Poten & Partners, the New York-based maritime consultant. “
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Bloomberg: European Gasoline Crack Drops
January 29, 2013 |
“European gasoline’s crack, or premium to Brent crude, dropped after reaching a four-month high yesterday on news of the planned closure of Hess Corp.’s Port Reading refinery in New Jersey next month. Gasoil advanced for the seventh session in eight on the ICE Futures Europe exchange in London. . . . Fuel oil bookings for cargoes from Western countries arriving in Asia in February rose 6 percent from a week ago to 3.4 million tons, shipping data compiled by Bloomberg show. At least 19 tankers, including seven very large crude carriers, are scheduled to arrive from Europe, the U.S. and the Caribbean, according to data from shipbrokers including Poten & Partners Inc. and information from traders. That’s up from 3.2 million tons reported last week. Some fixtures are provisional and may be changed or canceled. “
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Lloyd’s List: Tanker Conundrum as Fixtures Rise but Earnings Fall
January 16, 2013 |
“The tanker industry is struggling with poor freight rates and earnings, but all is certainly not doom and gloom as the number of spot market fixtures on tankers from some of the largest oil producers are rising. Spot fixtures on tankers loading at ports in member states of the Organisation of the Petroleum Exporting Countries rose 16% in December compared with the same month a year earlier, according to Opec’s latest oil report. Spot fixtures for tankers going from the Middle East to Asia were 8% higher in December than the previous year. Tankers carrying crude from the Middle East to the Atlantic trading region were up 35%. It is not just the 12 members of oil cartel Opec that are seeing spot fixtures rise. Overall spot activity for larger crude tankers increased by 5% from 2011 to 2012, according to a recent report by shipbroker Poten & Partners.”
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SinoShip News (Beijing): Unipec Becomes World’s Top VLCC charterer
January 09, 2013 |
“According to a report released by Poten & Partners, Unipec has overtaken Shell’s position and become the top spot dirty tanker charterer in 2012. Unipec saw an increase of over 20% in its spot fixtures with 707 spot fixtures across the dirty tanker segments in 2012. Shell, which has dominated the rankings over the past few years, has ended up in the second place with 701 fixtures. " |
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Bloomberg: Crude Oil-Tanker Spot Bookings Seen 5% Higher in 2012
January 07, 2013 |
“Spot, or single-voyage, bookings for crude oil-tankers increased by 5 percent in 2012 compared with the previous year, according to Poten & Partners Inc., a New York-based consulting firm and shipbroker. The number of Suezmax tankers hired over the same period gained more than 10 percent, spurred by an increase in loadings from the Caribbean and Persian Gulf, Poten said in an e-mailed report Jan. 4. Each Suezmax tanker is able to haul 1 million barrels of crude. Spot fixtures of the largest crude carriers, able to carry twice as much as Suezmaxes, increased by 5 percent last year, Poten said. Bookings of Aframaxes and Panamaxes, smaller than Suezmax tankers, each increased about 3 percent from 2011, Poten said. China International United Petroleum & Chemical Co., known as Unipec, booked the most crude tankers last year, with 707 fixtures reported, compared with Royal Dutch Shell Plc (RDSA)’s 701 fixtures, Poten said. Shell was the top hirer in 2011.”
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Lloyd’s List: Baltic Sea Aframax Earnings Rise $11,000 Overnight
December 18, 2012 |
“Earnings for aframax crude tankers able to operate in icy Baltic Sea waters rocketed up by more than $11,000 overnight amid a sharp rise in demand for ice-class tonnage. . . . According to shipbroker Poten & Partners, an extension of the Baltic Pipeline System (BPS-2) came online earlier this year, which — in conjunction with a new terminal at an end-point of the system in Ust-Luga — has created additional Baltic Sea export options for crude producers in the Former Soviet Union region. When BPS-2 opened for business, exports decreased out of the Black Sea, directly benefiting Baltic Sea exports via Ust-Luga, Poten said.”
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Bloomberg: U.S. Gulf Tanker Rates Climb to Four-Week High on Fewer Vessels
December 18, 2012 |
“Hire rates for oil tankers heading to Europe from the U.S. Gulf Coast climbed to the highest in four weeks on a shortage of vessels, according to Poten & Partners Inc., a New York-based shipbroker and consultant. Charter costs for tankers hauling 38,000 metric tons of diesel fuel on the Houston-to-Amsterdam route rose 3.1 percent to 120 industry-standard Worldscale points, the highest since Nov. 20, data from the London-based Baltic Exchange showed today. Refined-oil cargoes, including naphtha and gasoline, shipped to West Africa, Brazil, and Asia curbed ship supply, according to Jeff McGee, head of marine research and consulting at Poten. ‘An unusual flow of product cargoes thinned the list of available ships,’ McGee said by e-mail today. ‘It was not really typical diesel cargoes to northwest Europe.’ The U.S.-to-Europe voyage is referred to in the industry as a backhaul trade because tankers carry diesel on return trips after delivering gasoline in the opposite direction.”
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Bloomberg: Gasoline Barges Advance; ICE Gasoil Gains: Oil Products
December 18, 2012 |
“Bookings of fuel oil from Western countries to Asia next month rose 4 percent from a week earlier to 4.09 million metric tons, according to shipping data compiled by Bloomberg News. About 1.9 million tons are scheduled to arrive in Asia from northwest Europe and the Mediterranean, according to data from shipbrokers including Poten & Partners Inc. Some fixtures are provisional and may be changed or canceled.”
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