Top dirty tanker routes in 2015
Poten uses collected data to rank the busiest dirty tanker routes worldwide
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FilterShould tanker owners take advantage of low yard prices?
Taking a look at newbuilding activity in the tanker space
Read moreWhat is happening to the average voyage length of crude oil tankers?
Analysis by Poten & Partners Average Laden Distances of the Major Crude Tanker Segments(Image Credit: Poten & Partners)According to Poten, tanker market pundits are continuously discussing the reasons for the strength of the market, especially since the world is experiencing only modest demand growth. What are the key drivers for the significant increases in rates? Some people point out that ton-mile demand has increased as a result of more long-haul crude oil movements, i.e. average distances have increased. These statements are generally based on anecdotal information, so Poten decided to take a closer look at the reported spot fixture activity in the main crude tanker segments to see if our data supports this statement.Poten starts off with an important qualifier: the fixture data is good, but it only covers reported spot market fixtures, it does not track all worldwide vessel movements. Nevertheless, Poten thinks that reported spot fixtures can be a useful indicator of trends and changes in tradeflows.The figure above, shows the development of average distances in each of the major crude tanker segments over the last five years. The data confirms that the VLCCs are employed on the long-haul voyages, while the Aframaxes do primarily shorter trips, with ...
Read moreAfrican product trades present a growing opportunity
According to Poten & Partners, over the last five years, the refined product trades into subSaharan Africa have increased dramatically
Read moreFloating storage appears to be picking up
According to Poten, ever since the dramatic decline in oil prices charterers and ship owners alike have been eying the forward oil market
Read moreVLCC market firing on all cylinders
According to Poten, owners expect that the strong market will continue into the second quarter of the year
Read moreThe impact of US energy trends on the tanker market
On April 14, the U.S. EIA released its Annual Energy Outlook 2015 with projections through 2040
Read moreProduct exports start to deliver on their promise
Middle Eastern oil powerhouse Saudi Arabia has been eyeing the product export markets for several years now
Read moreAustralian refinery closures increase product tanker demand
According to Poten, Australian refinery closures increase product tanker demand
Read moreDirty Aframax tankers continue to have potential
According to Poten & Partners dirty Aframax tankers continue to have potential.
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