Tanker Trades

Thursday, 06 October 2022

Latest News for: Tanker trades

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Cuts by OPEC+ seen putting the brakes on VLCCs

Splash24/7 06 Oct 2022

“The cut is negative for tankers, though, based on current output, we expect the ... Given the new OPEC+ quotas are likely to impact long-haul trade, Jefferies, and other tanker analysts, see the VLCC segment as the most vulnerable to a lower cargo count.

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What Is a Supply Shock in Economics? Definition and Examples

Henry Herald 06 Oct 2022

It’s a temporary disruption that often occurs without warning, due to a one-time event, like a stranded oil tanker blocking other ships from accessing a trade route, or longer-term issues, such as a war, an embargo, or a global health crisis.

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EU Ambassadors Agree On A Russian Oil Price Cap – Eighth Round of Sanctions

The Liberty Beacon 06 Oct 2022

More than half of the tankers now shipping Russia’s oil are Greek-owned. And the financial services that underpin that trade — including insurance, reinsurance and letters of credit — are overwhelmingly based in the European Union and Britain ... Asian tankers will be very, very busy.

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Maritime CEO Forum Singapore: A vain attempt to find a tanker sceptic

Splash24/7 05 Oct 2022

Looking at today’s sale and purchase market in order to glean market sentiment, another audience member, Fergus Gifford, a broker with Arrow, described a two-tier market where there was immense demand for older crude ships with “crazy prices” for these tankers going into grey trades.

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Tanker sales proliferate as EU deadline on Russian oil nears

Splash24/7 04 Oct 2022

Vintage tankers, typically ready for the scrapyards, are changing hands for future trading in record numbers and at eye-catching prices as Russia gets its oil export plans in place for further bans ... Furious tanker trading has made up for limited S&P deals in most other sectors in recent weeks.

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Price Cap on Russian Oil is a Board-Level Risk for the Tanker Sector

GlobalResearch 03 Oct 2022

By going after Russia’s global market, these new sanctions stand to influence Russian trading beyond those independently set up by the US and the EU ... In the past, not only were clean oil tankers subject to few – if any – compliance checks or audit trials, but trading desks and trade banks dealing in clean petroleum were largely unregulated.

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Spate of vintage sale and purchase deals raise Russian 'dark fleet' suspicions

Tradewinds 03 Oct 2022

The French shipbroker said on Monday that 20 vintage crude oil tankers — ...

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DIOLETE DOS SANTOS: Piracy is not only for the movies

Business Day 03 Oct 2022

Over the past few years, there have been hundreds of pirate attacks on ships, putting trade routes at risk and causing losses for cargo owners, ships, traders and crew ... Closer to home, the Mozambique channel is an important tanker shipping route, and SA has patrolled it since 2011 to help protect trade vessels from being targeted.

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Tanker demand tipped to rise 6% in 2023 on Russsian aggression, says Clarksons

Tradewinds 30 Sep 2022

... year owing to the Russian invasion of Ukraine and changes in global refinery capacity, it said in its monthly oil and tanker trades outlook.

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Tanker demand tipped to rise 6% in 2023 on Russian aggression, says Clarksons

Tradewinds 30 Sep 2022

... year owing to the Russian invasion of Ukraine and changes in global refinery capacity, it said in its monthly oil and tanker trades outlook.

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Solving the Carbon Intensity Indicator Conundrum

The Maritime Executive 30 Sep 2022

“From a charterer point of view it is a bit uncomfortable situation - at the moment we seem to get very limited information about the vessel’s current CII levels, and even if we would, our trade (tanker) is most probably something different than the earlier, giving no ...

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Russian oil exports are still booming and EU is still reliant on Russia

Hellenic Shipping News Worldwide 30 Sep 2022

Tanker shipping has already seen a big trade shift in the wake of ...

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Greece’s Costas Fostiropoulos passes away aged 78

Tradewinds 30 Sep 2022

... Shipping & Trading and Almi Tankers, died earlier this week in Greece.

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Credit squeezed and contracts stretched: Maritime fuels giant Monjasa reveals how war is redrawing markets

Tradewinds 29 Sep 2022

Danish bunker and tanker group Monjasa has detailed five ways hot ...

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Tankers ‘set up for a very good bull run’

Seatrade Maritime News 28 Sep 2022

The tanker market could be set for a recession-defying multi-year bull run, according to a panel of market experts ... “However, what we do know is that this terrible conflict [in Ukraine] has caused change in trade flows, dislocations, increased tonne-miles and a tight tanker market.