Oil Price: Something Has to Give in the LNG Market
29 April 2016: “…To some LNG enthusiasts that’s no reason to give up; after all, the unfulfilled potential remains….
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Market Realist: Euronav Posts Higher Revenue despite Falling Tanker Rates
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29 April 2016: “According to Poten & Partners, the average VLCC (very large crude carrier) rate on the benchmark Arabian…
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Hellenic Shipping News: Product Tankers Trades are Shifting in Flows as a Result of Changes in Demand
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25 April 2016: “Since the global financial crisis, when product trades declined as a result of a sudden pull-back…
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OPEC Cuts Production– Is There a Message?
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OPEC announced today a reduction of about 1 million bpd to stem falling oil prices. Saudi Arabia stated that…
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Gyrating Bunker Prices
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Bunker prices are an important part of overall costs for operating a tanker. A Vlcc consuming 90 tons per…
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Happy Thanksgiving!
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It’s a nice tradition to take a day off with the intent of counting all that we should be…
