Reuters: Arb Trades Boost Clean Transatlantic Tanker Rates
“Rates for medium-range (MR) tankers for 37,000 tonne cargoes from Rotterdam to New York were at W117.29, or $4,276…
Bloomberg: Product-Tanker Returns Seen Lower on Curbed Arbitrage by Poten
“Returns for tankers carrying oil products from the U.S. slumped after price gains in the country and Europe limited…
Fairplay: Far Eastern Energy Needs are Stabilising Aframax Rates
“Aframaxes in Asia are still seeing steady earnings, thanks to firm fuel oil demand and draught restrictions. According to…
Fairplay: Return to Shipping Market Balance Predicted
“Balance, that essential factor in athletic performance, will return to shipping markets by the Rio de Janeiro Olympics, BIMCO…
Bloomberg: European Gasoline Gains; Black Sea Gasoil Declines: Oil Products
“European gasoline extended gains to trade at the highest in more than four months. Russia will reduce gas oil…
Bloomberg: Tankers Head for Venezuela After Fire According to Reports
“Five tankers able to hold 190,000 metric tons of cargo were chartered to carry oil products to Venezuela after…
Bloomberg: Tanker Returns Reach Record Low as Demand for Vessels Weakens
“Returns for the largest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, reached a…
Reuters: Asia Condensate Demand to Double by 2016, Opening Mkt to New Suppliers
“Asia’s condensate demand is expected to double by 2016 as refiners and petrochemical makers build splitters to process an…
Bunkerworld: Tanker Owners Facing Unrelenting Pressure
“Dirty tanker owners are facing ‘unrelenting pressure’ to scrap vessels due to a combination of low earnings and rising…
Lloyd’s List: Chevron Refinery Fire Set to Benefit US Gulf Product Tankers
“Product tankers in the US Gulf stand to benefit from the fire at Chevron’s refinery in Richmond, California, according…
