Aframax Runup – Myth or Reality?
With current weekly average Aframax rates at WS 400 ($60,000 per day), with…
Why Is This
As tanker owners, we know what happens when demand gets ahead of supply–…
Can Fuel Oil Be Turned into Silver?
The fuel oil market in 2004 has been characterized by increased demand, volatile prices, changing regulations and new restrictions…
OPEC – Quotas: up, Production: Up,Oil Prices: Up, What Gives
This week’s OPEC announcement that it would raise production quotas by one million barrels per day to help stave…
Charley, Frances & Ivan Make for Jittery Oil Industry
Anyone who doubted or maybe just forgot that the end of summer into early fall is hurricane season, let…
The Irony and The Ecstasy VLCC Rates: Red Hot to Ice Hot
The last long weekend of summer is setting in today and ironically VLCC rates, normally known for their ability…
The Frenzied Ship Building Market
Even as the lull of August manifests itself in the empty desks of colleagues on vacation and voice mail…
Reality Versus Perception
The general public’s perception of oil spills is that tankers are a major source of pollution on the high…
Mira Mira on the Wall: Will Tanker Rates Rise or Fall?
While Venezuelans await Sunday’s referendum to see whether or not their president, Hugo Chavez, will continue his six-year term,…
Naphtha Seeks Tonnage For Voyages to Exotic Places
Naphtha, unlike other clean petroleum products, has no retail market of any significance. No one buys a truckload to…
