Are We Nearing a Turning Point?
China is not just driving the shipping market to historical highs. Its demand for raw material imports has driven…
Industry Opinions
Suezmaxes Moving Out of West Africa
Something is happening to Suezmax tankers on one of their most important trades. The first chart in this article…
The Driver
Last week we concluded that shifting trade patterns and growth in ton-mile demand…
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,…
