Clean Tanker Rates Tank

Friday, February 23, 2001
Rates for clean tankers in the Caribbean have dropped by nearly a quarter in the last 10 days, falling below the W300 mark for the first time since last July. London's Baltic Exchange closed Thursday with its assessment of the route pegged at W293 for 30,000 ton cargoes to New York. It put transatlantic 30,000 ton cargoes at W304, 19 percent down on 10 days ago. U.S. brokers said the decline stemmed entirely from the closure of the Atlantic arbitrages for gasoline and gasoil, and that tankers were piling up on the U.S. Atlantic coast with very few cargoes to carry. But brokers in London remained upbeat. "It's not all that bad," said one, adding that 30,000 ton Caribs upcoast cargoes of naphtha were still being fixed at around W350 and other clean cargoes at around W310. Caribbean clean tanker rates peaked in December at over W440 for 30,000 ton cargoes while transatlantic clean tanker rates peaked at the same time at W480. - (Reuters)

People & Company News

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Tanker Trends

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

Alfa Laval Launches DuroShell LPG/E Cargo Condenser

With the new Alfa Laval DuroShell plate-and-shell heat exchanger, Alfa Laval aims to strengthen its offering in LPG/E cargo reliquefaction with a construction that

Navy Discovers Malaysian Tanker

Indonesia's navy has found a tanker carrying almost US$400,000 worth of diesel that was taken by its own crew last week due to a commercial dispute, says a report in AFP.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.0954 sec (10 req/sec)