Petroleum Economist: Oil-Indexed LNG Coming Under Pressure in Asia
“Big Asian LNG customers are investigating alternative formulas to existing oil-linked contracts. But a switch to LNG prices based…
Bunker Mentality
As tanker spot-chartering rates have experienced a mild recovery in recent months, equity analysts and industry pundits alike have…
Bloomberg: Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand
“Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand…
Managing the Aftershock
Around the globe the aftermath of last Friday’s earthquake off the northern coast of Japan has evoked a profound…
Living the Clean Sheen Dream
In recent weeks clean product tanker markets have experienced a resurgence of sorts on the back of several different…
Reuters: US Clean Oil Product Exports Jumped Thirty Percent
“U.S. exports of clean refined oil products in 2010 were 30 percent higher compared with 2009, U.S. shipbroker Poten…
Tradewinds: Glencore Profits jump 40%
“The world’s largest commodity trader reported revenues of almost $145bn compared with the $106bn seen last year, a rise…
Lloyd’s List: China Crude Imports to Hit 350m Tonnes
“China’s crude imports are forecast to reach 350m tonnes, equivalent to 6m barrels per day, by 2015 — benefiting…
Lloyd’s List: New Ships to Depress Time Charter Rates to Eight-Year Low
“One-year and three-year time charter rates for dirty tankers will fall to eight-year lows in 2011, as high numbers…