Not Logged In, Login,

Thursday, July 28, 2016

Tanker News

Published

Article

12.05.2016

IEA revise oil demand upwards

·       According to IEA global oil demand growth for 1Q16 was revised upwards to 1.4 mbd, led higher by strong gains in India, China and, more surprisingly, Russia. For the year as a whole, growth will be around 1.2 mbd, with demand reaching 95.9 mbd.   ·       Global oil supplies rose 0.250 mbd in April to 96.2 mbd as higher OPEC output more than offset deepening non-OPEC declines. Y-o-y worl...... Login to view this article

15.04.2016

DNB seeds a good summer market for the LPGs

DNB seeds a good summer market for the LPGs   DNB says in their last market report that the summer season could lead to a spike in rates, as believes current fleet utilisation is high. Inventory draws should push 2016 US LPG exports to another all-time high, while US PDH (propane dehydrogenation facilities are likely to disincentive propane consumption in US steam-crackers, boosting the amount ...... Login to view this article

14.04.2016

Non-OPEC oil production declining - IEA

·                      According to the IEA oil market report growth in global oil demand will ease to around 1.2 mbd in 2016, below 2015’s 1.8 mbd expansion , as notable decelerations take hold across China, the US and much of Europe. Preliminary 1Q16 data reveal this is already occurring, with year-on-year growth down to +1.2 mbd, after gains of +1.4 mbd in 4Q15 and +2.3 mbd in 3Q15. ·       ...... Login to view this article

29.02.2016

European distillate oversupply means the long route around Africa

According to EIA, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far above normal. Higher inventories have lowered distillate futures prices in the ARA area to a point where inventories are being held in floating storage and imported cargos are being diverted to...... Login to view this article

09.02.2016

Global oil demand growth is forecast to ease back considerably in 2016 - IEA

·                 IEA reports that having peaked, at a five-year high of 1.6 mbd in 2015, global oil demand growth is forecast to ease back considerably in 2016, to 1.2 mbd, pulled down by notable slowdowns in Europe, China and the US. Early elements of the projected slowdown surfaced in 4Q15. ·                 Global oil supply dropped 0.2 mbd to 96.5 mbd in January, as higher OPEC output only...... Login to view this article

08.02.2016

Net oil product fleet expansion reached 8% last year - INGE STEENSLAND

According to INGE STEENSLAND, 2015 experienced one of the highest volume increases in global oil demand this decade as a result of crude price collapse. Worldwide crude demand was around 94.5 million barrels per day, representing an annual increase of 1.8%. This lent inevitably much needed support to the tanker owners who suffered from low earnings since the financial crisis. Although net oil...... Login to view this article

27.01.2016

LNG recovery will take time despite strong demand growth

DNB Market say that despite 2016 being set to be the first year since 2011 with significant demand growth for LNG shipping, DNB estimate only a USD4k/day uptick in rates in 2016 due to close to historically weak fleet utilisation.   Looking for upside potential, DNB highlight vessels rolling off old contracts becoming obsolete.   DNB only have marginal changes to our 2016–2018 LNG trade...... Login to view this article

19.01.2016

Floating storage may become profitable - IEA

·      IEA reports that exceptionally mild temperatures in the early part of the winter in Japan, Europe and the US, alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies, saw global oil demand growth flip from a near five-year high in 3Q15 (2.1 mbd) to a one-year low in 4Q15 (1.0 mbd). The outlook for 2016 has demand growth moderating to 1.2 mbd.   ...... Login to view this article

18.01.2016

Iran sanctions being lifted is positive for our crude tanker view - DNB

Crude prices have come down on the back of continued high (OPEC) oil supply, which is set to continue (Iranian volumes expected) and bodes well for oil demand growth in 2016.   US shale production is finally decreasing (0.1m bpd MOM), which in combination with strong US oil demand and lifting of the crude export ban implies growing crude import (and the export should add cautiously to crude...... Login to view this article

18.01.2016

51mt new LNG export capacity coming in 2016, likely to benefit LNG shipping - DNB

DNB reports that Australia Pacific (9mtpa) LNG exports started 9 January, according to Argus LNG. US Sabine Pass LNG (5mtpa per train) will likely commence exports February/March (delayed from January) from its first train, while the first train (of two) from Gladstone LNG (7.8mtoa) is on line. DNB expect a second train from US Cheniere to start H216, as well as the two Australian projects Gorg...... Login to view this article