Product Tankers

H Ευρώπη, no-go zone για το ινδικό ντίζελ;

Στα χαμηλότερα επίπεδά τους από το 2022 βρίσκονται οι αποστολές ντίζελ από την Ινδία στην Ευρώπη τον Φεβρουάριο του 2024, καθώς η κρίση στην Ερυθρά Θάλασσα καθιστά την Ευρώπη «δύσκολο» προορισμό για τα product tankers.

Από την άλλη, πολλά διυλιστήρια στην Ασία πραγματοποιούν εργασίες συντήρησης, γεγονός που, σε συνδυασμό με τον σκόπελο της Ερυθράς Θάλασσας, καθιστά την Ασία θελκτικότερη επιλογή για τους Ινδούς εξαγωγείς.

Όπως σημειώνει δημοσίευμα του Bloomberg, οι αφίξεις καυσίμων από την Ινδία...

https://www.naftikachronika.gr/2024/02/23/h-evropi-no-go-zone-gia-to-indiko-ntizel/

Shipping faces lengthy disruptions as Middle East fallout worsens

chart of shipping stocks

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The Red Sea crisis — and the Middle East situation in general — is worsening. There’s growing...

https://www.freightwaves.com/news/shipping-faces-lengthy-disruptions-as-middle-east-fallout-worsens

Shipping fallout from Red Sea crisis spreads to product tankers

With no end in sight for the Red Sea crisis, detours around Africa’s Cape of Good Hope are soaking up even more vessel capacity and pushing up spot rates across multiple shipping segments.

Freight fallout began with container ships. It is now significantly impacting product tankers — the vessels that transport gasoline, diesel, jet fuel, naphtha and other petroleum products.

Larger product tankers that do long-haul runs are diverting around Africa in increasing numbers. These ship types include...

https://www.freightwaves.com/news/shipping-fallout-from-red-sea-crisis-spreads-to-product-tankers

Another Panama Canal red flag: Spiking product tanker rates

chart of spot rates of tankers transiting Panama Canal

Yet another signal on the Panama Canal situation is flashing red: Spot rates are surging for product carriers — specialized tankers carrying diesel, gasoline and jet fuel — that transit the waterway.

America is the world’s largest exporter of refined petroleum products. The west coast of South America is a traditional destination and the Panama Canal is pivotal to this trade. Alternate routes are more than twice as long.

Since the Panama Canal Authority (ACP) began heavily restricting reservation...

https://www.freightwaves.com/news/another-panama-canal-red-flag-spiking-product-tanker-rates

War in Israel: The new geopolitical flashpoint for ocean shipping

Wars and pandemics — geopolitical and global health crises causing widespread suffering and death — have the side effect of hiking profits in certain industries. Wars inflate returns for defense contractors. The pandemic was a bonanza for certain pharmaceutical companies.

Shipowners have profited from both. Container-line owners made fortunes during COVID. Russia’s invasion of Ukraine buoyed rates for tanker companies.

Now there’s a new geopolitical crisis — the Israel-Hamas war in response to...

https://www.freightwaves.com/news/war-in-israel-the-new-geopolitical-flashpoint-for-ocean-shipping

Sanctions on Russian crude and diesel exports are failing

a chart showing premium for loading Russian tanker cargoes

Mainstream European tanker owners have largely abandoned the Russian trade now that the country’s crude and diesel have breached Western price caps. The so-called “shadow” fleet — tankers operating outside Western insurance and financial circles — has taken over.

Western sanctions had two goals: First, keep Russian oil flowing, and second, curb oil revenues to Putin’s military. Goal No. 2 is in major trouble. Russia’s export revenues are increasing as the price of its crude and products rises...

https://www.freightwaves.com/news/sanctions-on-russian-crude-and-diesel-exports-are-failing

As oil tumbles, marine fuel gets cheaper — and so do tanker stocks

chart of marine fuel prices

Russia — one of the world’s top energy providers — is mired in war. The OPEC cartel is cutting production. And yet, oil prices continue to tumble, weighed by global recession fears and concerns on Chinese demand.

For ocean shipping, this translates into cheaper marine fuel costs, a positive for operating margins, and much narrower fuel spreads, a negative for owners of vessels with exhaust gas scrubbers.

For listed tanker owners, the drop in oil prices is coinciding with faltering sentiment and...

https://www.freightwaves.com/news/as-oil-tumbles-marine-fuel-gets-cheaper-and-so-do-tanker-stocks

European tanker owners make a fortune off Russian oil trade

a chart showing crude and product tanker exports from Russia

The critics were quick to pounce when the EU banned imports of Russian crude and products and the EU and G-7 implemented price caps. It won’t work, they said. There won’t be enough ships to keep Russian trade flowing. Russian diesel and crude production will get shut in. It will lead to a global shortage, causing prices for consumers and businesses to spike. The sanction plan will backfire on Western governments.

None of this happened. The Western plan is working as designed. Russia is being...

https://www.freightwaves.com/news/private-tanker-owners-are-getting-rich-off-russian-price-caps

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