Asia Crude Tanker Rates to Rebound on Saudi Shipments

Thursday, March 03, 2011

According to a March 3 report from Reuters, rates for crude oil tankers on key Asian freight routes are expected to rebound in the short term as Saudi Arabia pumps more oil to make up for a near halt in Libyan exports. For products, rates are likely to remain near 2011 lows due to stagnant activity and ample tonnage. The world's benchmark Very Large Crude Carrier (VLCC) export route from the Middle East to Japan tumbled to a one-month low of $14,096 a day, from $42,726 a day last week on scant demand, especially from China.

 
(Source: Reuters)
 
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Huge Iceberg Broken off Antarctica Heads for Open Ocean

Scientists are monitoring an iceberg roughly six times the size of Manhattan - one of the largest now in existence - that broke off from an Antarctic glacier and is heading into the open ocean.

WWII Women Shipyard Workers Visit the White House

Women workers from Kaiser Shipyard welcomed to the White House Six of the original “Rosie the Riveters” who worked in Kaiser Shipyard during World War II gained

MSI Develops LNG Bunkering Safety Training

The Maritime Simulation Institute in Middletown, Rhode Island is developing a liquefied natural gas (LNG) bunkering safety training course. The first session, which is expected to begin in June,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines 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: 0.0866 sec (12 req/sec)