Tightened Supply, Severe Winter Could Drive Oil Even Higher
Oil importers last week were facing the prospect of a severe winter price spike as OPEC exporters prepared to turn the screw on stringent supply restrictions. Benchmark…
Aframax Charterers Say Size Does Matter
Charterers are benefiting from the increased size of modern Aframax tankers by not having to pay a premium for the extra capacity, tanker owners say. "Analysis of…
Australian Collins Subs Will Not Be As Fast As Expected
Australia's ill-starred fleet of Collins class submarines could dive into action next year after a major refit, although they will end up slower than originally planned…
Tank Tests
The Salvage Association (SA) said last week that it has pinpointed phosphoric acid as another chemical cargo causing some anxiety to marine underwriters, following…
Seaonal Surges Not Enough To Lift Rates From Depression
Sustained strong oil demand growth is required to lift product tanker freight rates out of their current depressed levels, shipbroker Simpson Spence & Young said in a new report.
OPEC Restrictions Expected To Send Oil Prices Soaring
Resurgent world oil prices will blaze towards the highest level since the Gulf War this winter as key producers stick to strict supply curbs, a Reuters survey found last week.
- 1
- 2
