General Tanker News

Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Middle East Supertanker Surplus Shrinks to Seven-Week Low
quote:

An excess of supertankers available to carry crude oil from the Middle East, the world’s largest cargo-loading region, shrank to the lowest level since July 12, in a “reasonably active week”￾, a survey showed.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44586:middle-east-supertanker-surplus-shrinks-to-seven-week-low-&cati d=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Clean tanker markets looking for good news to boost sentiment and freight rates
quote:

In one of its latest report, US-based consulting firm and analysts Mcquilling Services said that there have been few positive developments in the tanker market this year. Countries across the world have been hit by a variety of events ranging from natural disasters to popular unrest.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44824:clean-tanker-markets-looking-for-good-news-to-boost-sentiment-a nd-freight-rates-&catid=1&Itemid=61
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Libya, Syria troubles add to crude tanker rate rout
quote:

The slow pace of resumption of Libyan crude exports and a European Union oil embargo on Syria are reducing prospects for a ship rate recovery this year in the smaller Mediterranean tanker market, analysts and brokers say.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=44978:libya-syria-troubles-add-to-crude-tanker-rate-rout-&catid=44:la test-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Tankers left to idle as growth in fleet outstrips global oil demand
quote:

Anyone looking out over the Bay of Algeciras by the Rock of Gibraltar over the next few months can expect to see plenty of ships.The bay is a popular spot to moor oil tankers - Algeciras’s busy oil refinery is nearby and the bay’s strategic location makes it an excellent place for temporarily idle ships.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=45412:tankers-left-to-idle-as-growth-in-fleet-outstrips-global-oil-de mand&catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Tanker markets depend on wave of new vessels hitting the market
quote:

Tanker markets are susceptible to many outward pressures and events these days and the news which arose last week that China has expressed its intention to sharply increase its self sufficiency in the shipping world by ordering an outrageous number of VLCC new buildings certainly won’t do any good.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=46269:tanker-markets-depend-on-wave-of-new-vessels-hitting-the-market -&catid=1&Itemid=61
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Oil Tanker Sailing for Libya’s Mellitah as First Cargo From West Offered
quote:

An oil tanker is sailing to the Libyan port of Mellitah, a sign the nation may be resuming energy exports after months of fighting that led to the ouster of Muammar Qaddafi, ship-tracking data show.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=46480:eek:il-tanker-sailing-for-libyas-mellitah-as-first-cargo-from-west -offered-&catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Baltic Exchange Says Won’t Adjust Tanker Assessments for Speeds
quote:

The Baltic Exchange, the London- based publisher of freight rates, said it doesn’t intend to alter how it assesses tanker earnings to reflect the fact vessels are cutting speeds to lower their fuel consumption.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=46748:baltic-exchange-says-wont-adjust-tanker-assessments-for-speeds- &catid=1&Itemid=61

Comment: Something here has got to give. Tanker operators just can't make a habit of eating losses closing on $14,946 per ship and survive.
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Rates for Asian tankers to stay near 2011 lows on supply glut
quote:

Rates for crude tankers on key Asian freight routes are expected to remain near this year's lows over the next week as a ship supply glut overshadows strong demand for Middle East crude.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=46916:rates-for-asian-tankers-to-stay-near-2011-lows-on-supply-glut&c atid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

What Does it Mean When Floating Crude Oil Storage Tumbles?
quote:

Using very large crude carriers (VLCCs) as floating storage tanks is usually expensive and, therefore, only occasionally used. There are exceptions to that generalization, but no trader wants to pay the day rate for a VLCC if there is any other option available.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=47141:what-does-it-mean-when-floating-crude-oil-storage-tumbles-&cati d=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Tanker fixtures declined in August says latest report from OPEC
quote:

In its latest report covering the month of August, OPEC said that after the gains experienced in the last months, OPEC spot fixtures declined in August by 6%. The decline was mainly driven by eastbound fixtures as some refineries were still in maintenance.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=47380:tanker-fixtures-declined-in-august-says-latest-report-from-opec -&catid=1&Itemid=61
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Single-hull tankers still a game changer in the market
quote:

A new analysis from shipbrokers Gibson showed this week that just 223 single hull tankers of over 25,000 dwt remain in the fleet, representing about 5% of the total tanker population. Only seven flag states have 10 or more SHs on their respective registers.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=47545:single-hull-tankers-still-a-game-changer-in-the-market-&catid=1 &Itemid=61
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Oil-Tanker Demand Growth Drops to Zero, Platou CEO Anker Says
quote:

Growth in demand for supertankers that deliver about a fifth of the world’s oil dropped to zero as slowing economies in Europe and the U.S. curbed shipments, according to Peter Anker, chief executive officer of RS Platou ASA, Norway’s biggest shipbroker.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=47812:eek:il-tanker-demand-growth-drops-to-zero-platou-ceo-anker-says-&c atid=1&Itemid=61
 
Dec 2, 2000
58,582
372
283
Easley South Carolina
Dec 2, 2000
58,582
372
283
Easley South Carolina
From The Hellenic Shipping News:

Oil Tanker Losses Widen as Vessel Glut Overwhelms Cargo Demand
quote:

Supertankers hauling 2 million barrels of Middle East crude oil to Asia, the world’s busiest route for supertankers, widened their losses because of a surplus of ships seeking shipments.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=48650:eek:il-tanker-losses-widen-as-vessel-glut-overwhelms-cargo-demand- &catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
372
283
Easley South Carolina