Brent crude oil prices are now back to the low $60s and where they were at the end of 2019, before the pandemic hit. Although VLSFO price quotes are not quite back to earlier levels, part of this will be because of the market assessments and initial in…
VLSFO and LSMGO remain in good supply in ARA and Gibraltar Strait ports, while HSFO380 has tightened slightly in ARA this week. Lead times for HSFO380 are around a day longer in ARA than last week, with 4-5 days ahead recommended for bookings now. The …
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Last year was undoubtedly a volatile year for Crude Tankers, with changes in global oil production and an unforeseen pandemic leaving the market rejoicing at times, but ultimately fraught with uncertainty. In this article, we will use VesselsValue supp…
Crude Tanker market still showing signs of volatility into 2021 Read More »
Qatar Petroleum (QP) has issued an invitation to tender (ITT) to various LNG shipowners for the chartering of LNG carriers. QP requires these ships to transport LNG produced at its North Field expansion project and the Golden Pass LNG export project as…
Qatar Petroleum’s tender for future LNG ships – How do potential returns compare? Read More »
Twenty-one months ago seems an eternity given the challenges the world now faces, yet I clearly recall sitting on the trading floor and hearing excited chatter that enquiries were being received for VLSFO. I have to say I gave a little sigh of relief t…
VLSFO then, now and next Read More »