Atlantic Tanker Rates Drop

Wednesday, February 07, 2001
Atlantic clean tanker trades have been hit by refinery maintenance schedules in the Caribbean, while bouyant Asian trades will be boosted further by earthquake disruption at Indian refineries, brokers said. "Caribs upcoast rates have really slipped," said a U.S. tanker broker. "A lot of refineries are shut down for maintenance and to get themselves ready for increasing gasoline demand." He cited the Hovensa and Citgo refineries as two of those that had interrupted products output. The market for 30,000 tonrs from the Caribs to New York currently stands at W384, having fallen 10 points since last Friday. Transatlantic rates have also slumped, now standing at around W394, compared to W414 at the end of last week. Brokers said that earthquake disruptions at Indian refineries would mean that demand for products would have to be made up through imports. - (Reuters)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.1429 sec (7 req/sec)