Industry Opinions

The rankings for the top charterers of 2013 remain largely unchanged from last year with number one seed Unipec…

Caribbean crude oil has historically been a main feedstock for US Gulf Coast refineries. However, the recent surge in…

The time of year has come for the Worldscale Association to publish its schedule of nominal freight rates, “flat…

Last week, the Suezmax sector finally began to cash in on the freight rate gains exhibited by their larger…

It is well documented that 2013 has been a far cry from a banner year as far as tanker…

Refinery utilization rates in Europe have been steadily trending lower as crack spreads have declined, challenging owners to turn…

Following the death of Hugo Chavez in March of 2013, Nicolas Maduro took over as interim president of Venezuela….

United States and European Union-led sanctions against Iran have significantly reduced Iranian crude oil exports since they were first…

VLCC rates rose to $47,200/d (Worldscale 59) on November 8th for the benchmark Arabian Gulf to Far East voyage,…

Brazilian transportation fuels subsidies have reduced costs for consumers, who have enjoyed longstanding market discount for gasoline and diesel….