Tag: Poten & Partners

According to Poten & Partners, the tanker market is off to a good start so far this year

Analysis by Poten & Partners According to Poten, several years ago, the general thought seemed to be that product tankers were the future, while crude tankers were expected to have a hard time for the foreseeable future. The idea was that refinery expansions in India and the Middle East were going to lead to growing product tanker demand while the growing oil production in the US was going to curtail crude tanker demand. As MR rates have improved significantly in the last six months, the question arises if this is due to fundamental changes that are finally falling into place or whether it is the result of a seasonal upturn that could fizzle out over the next months.In order to analyse this Poten looked at the trading patterns of MR tankers in the period of Oct 2014 to Feb 2015 and compared them to the same period in the prior year. As a proxy for the trading patterns we used the reported clean spot market fixtures for MR tankers. In this five month period, we saw a significant increase in clean MR fixtures: 2,259 in the last 5 months vs 1,869 in the same period in 2013/14.Looking at the details, ...

Over the last couple of years, the U.S. has developed into one of the largest exporters of oil products

According to Poten & Partners, Fleet expansion remains limited despite healthy market

According to Poten, within the group of OPEC countries, Iraq is the star performer with rapidly growing production

Recently it has become quiet, in particular with respect to pipelines outside of North America

While the tanker market has gone from strength to strength, the dry cargo market and bulk carriers are in the doldrums

According to Poten & Partners, Unipec remains number one in the overall ranking of reported dirty spot charterers for 2014

According to Poten, Firstly, a portion of the Aframax product carrier fleet will, in fact, switch to take advantage of market discrepancies

According to Poten & Partners, Panamax trades have been changing in the last 10-15 years