Diversifying Outlets
Arguments occasionally spawn diversification. Oil pipeline tariff squabbles with Belarus in 2008 prompted Russia to develop alternative routes that…
Helping Colonials
Over the years, oil refineries along the US Northeast Coast have hit their share of economic potholes. Many of…
Tradewinds: Expansion and Going Global is Not Key for US Brokers as there is Plenty of Local Business Despite Tough Competition
“Leaders of three top US tanker brokers are unanimous in rejecting the mega-broker model that has evolved in Europe…
Fairplay: VLCCs Get Gulf Spot Rates Boost
As VLCC rates from the Gulf and west Africa have firmed substantially, the relief for owners may last for…
Lloyd’s List: Iranian Oil Supply Loss Strengthens New Delhi’s ties with Brazil
“India’s spot market crude oil imports have rocketed in the past 10 years as the nation ramps up its…
BRIC House
The pressure to diversify crude oil sources continues to mount for purchasers of Iranian crude oil. Today, buyers not…
Bloomberg: Morgan Stanley Ship Hauls Frozen Gas 14,500 Miles to Tokyo
“A liquefied natural gas tanker hired by Morgan Stanley, the bank that ships the most commodities, is hauling a…
A Springtime Rally
Anyone following the tanker market during the last few years knows that bright spots have been few and far…
Lloyd’s List: Shifting Trade Patterns Bolster Product Tankers in Atlantic Basin
“Profound changes have occurred in Atlantic basin product tanker trades over the last year; changes that most commentators agree…
Lloyd’s List: Busy US Gulf Props up MR Product Tanker Market
“Oil products flowed out of the US Gulf on medium range product tankers this week, creating the busiest global…
