Mideast Clean Tanker Rates Slip On Kuwait Effect

Friday, July 07, 2000
Middle Eastern clean product tanker rates slipped as cargoes for some ship sizes became scarce as a result of the Kuwaiti refinery outage, brokers said on Friday, but in general markets remained strong, they added.

Vessels were starting to become available in prompt positions, broker E.A. Gibson said in a report, and rates for 35,000 tons to the Far East slipped to W295. Short-haul cargoes were apparently scarce as a knock-on effect from the Kuwait refinery fire last week, Gibson said. Charterers due to load from the region were forced to buy prompt cargoes to secure alternative employment for vessels, it said. But larger vessels fared better with levels maintaining W230 for 75,000 tons.

U.S. holidays held Caribbean levels at about W260 for 30,000 tons and W190 for 40,000 while heavy inquiry for jet fuel to Europe resulted in just a couple of fixtures at about W150 for 40,000 tons.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

BG Group's Queensland Curtis LNG to Ship First Cargo

BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.

 
 
Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1274 sec (8 req/sec)