Bloomberg: Gasoline, Diesel Surpass Crude in Floating Storage
“Traders are choosing to store oil products in floating tankers instead of crude oil as freezing temperatures and rising…
Tanker Operator: China Plans Domestic Tanker Orders
“Chinese shipowners were thought to be planning a new tranche of tanker newbuildings at domestic yards to gain further…
Fairplay: China Plans Tanker Orders
“Chinese shipowners are planning a new wave of tanker newbuildings at domestic yards to expand control of their country’s…
Tradewinds: Influx Boosts Tanker Chartering Base
“Independent oil-trading giants Total Oil Trading SA (Totsa), Gunvor, Lukoil International Trading & Supply Co (Litasco), Addax and Mercuria…
Dow Jones: Extra Supply, Weak Naphtha Dampen Condensate Outlook
“A surge in condensate supply combined with an expected long market for its main derivative naphtha are likely to…
Tradewinds: Shell Reigns
“Shell has maintained its position as the top global spot charterer for clean petroleum products, according to data from…
Lloyd’s List: Clean Fixtures Rise 16% as Spot Rates Hit Bottom
“Wednesday ROCK-bottom freight rates for product tankers saw the number of clean fixtures on the spot market rise by…
Bloomberg: Reliance Helped Double India Fuel Exports to U.S.
“As a result of rising exports, Reliance became for the first time in 2009 one of the top 10…
Tradewinds: Tanker Race Ahead
“’The next stop could be upward pressure on time-charter rates and asset prices,’ New York-based Poten & Partners said…
Tradewinds: Oil Storage Deals Boost Trader Duo
“Last year was big for Trafigura and Mercuria on the chartering front. Mega-energy traders Trafigura and Mercuria “catapulted” into…