RSS feedtankers
’What Libya crude cuts mean for tanker rates
Icap’s shipping analysts have on Monday come up with an interesting hypothetical take on how an extended Libyan crisis might impact the shipping market.
In a nutshell, think more bearish than bullish for shipping rates.
Is the contango floating storage trade back?
The last couple of months has seen much talk in the oil markets about the unwinding of floating storage positions.
Goldman Sachs was among those who noted that crude was increasingly being moved out of tankers on account of the changing structure of the oil future curve — which had gone from a steep contango a year ago to a near flattening just one month ago.
In contango, supertankers trust
Tanker trouble was still brewing on Friday, as Frontline –the world’s biggest independent oil tanker shipping company– reported an 84 per cent fall in Q3 income with a loss of $6m.
Chief Executive Jens Martin Jensen,
Daily Mail tanker outrage! (Day 2)
It’s day two of the Daily Mail’s campaign against tankers parked off the British coast. In case you missed “how the Daily Mail broke the story yesterday” you might care to check out FT Alphaville’s coverage here.
The Daily Mail discovers contango
We love talking about contango on FT Alphaville.
But no one, it turns out, can turn a nerdy market-structure story about the shape of the futures curve into an alarmist `evil speculator’ rant extraordinaire quite like the Daily Mail.
Over tanked in oil
Hat tip to Morgan Downey, author of Oil 101, for the following chart reflecting the still ongoing over-supply issues facing energy and tanker markets.
Related link:
Tanked – FT Alphaville
Tanked
Most people will have heard about the dramatic collapse in dry bulk shipping rates that occurred in October/November following the paralysis that hit global trade in the weeks after the Lehman Brothers collapse.