Top dirty tanker routes in 2015
Poten uses collected data to rank the busiest dirty tanker routes worldwide
Read morePoten uses collected data to rank the busiest dirty tanker routes worldwide
Read moreTaking a look at newbuilding activity in the tanker space
Read moreAnalysis 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 moreAccording to Poten & Partners, over the last five years, the refined product trades into subSaharan Africa have increased dramatically
Read moreAccording to Poten, ever since the dramatic decline in oil prices charterers and ship owners alike have been eying the forward oil market
Read moreAccording to Poten, owners expect that the strong market will continue into the second quarter of the year
Read moreOn April 14, the U.S. EIA released its Annual Energy Outlook 2015 with projections through 2040
Read moreMiddle Eastern oil powerhouse Saudi Arabia has been eyeing the product export markets for several years now
Read moreAccording to Poten, Australian refinery closures increase product tanker demand
Read moreAccording to Poten & Partners dirty Aframax tankers continue to have potential.
Read moreWhat is the biggest obstacle for the social life onboard?
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Did you know that Handymax had an increase in detention rate in Paris MoU? 39% increase in detention rate within 2020 vs. Last3Y.