Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefined and refined oil products of all types. As such there is a now growing demand for oil tankers to be used as floating storage. Potential is…
Floating storage of oil cargoes Read More »
The shipping industry experienced major disruptions in Q1 of 2020 due to both the Coronavirus and the crude oil price crash. As major parts of the global economy shut down, so have pockets of international trade – yet, not all vessel types have experie…
The impact of coronavirus on vessel traffic and the shipping industry Read More »
The short answer is yes, but not always. Continuous price monitoring is key to identifying price dislocations between different ports. Overview The world is currently going through a very turbulent time with oil prices recently falling to the multi-dec…
Can bunkering outside hubs yield better pricing? Read More »
The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools. The new service is based on assessment…
New OPEX assessments for tankers Read More »
I know. We all saw it. Like the world’s most epic game of Jenga ending, it all came crashing down. Those who were closely watching the trading of the May contract of WTI will be all too aware of the negative pricing that occurred this week. Those who w…
Oil’s Well that Ends Well Read More »