Falling crude prices: Crude indicators review




Falling crude prices: Crude indicators review

Falling crude prices: Crude indicators review (Part 1 of 8)

The crude tanker industry and its performance

Oil tanker basics

There are two primary types of oil tankers: crude carriers for unrefined products and product carriers for refined products. Crude tankers are mainly used for the deep sea transport of crude oil from production sites to refineries. They range in size from 55,000 deadweight tonnes (or DWT) up to around 450,000 DWT. The main trading routes are from the production areas in the Arabian Gulf and West Africa to Asia, Europe, and the US.

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Tanker Demand Outstripping Supply -BIMCO




Maritime Executive


BY MarEx 2014-12-12 10:43:00


Freight rates are always difficult to predict. This time around, the sudden tightness took us by surprise in a positive way. Beyond that crazy third week of November, we almost nailed it for crude oil tankers. Does the market hold more of that for us? During December, most certainly; going into January, the uncertainty is greater.

The demand side is seasonally strong now, but as touched upon in the macroeconomics section, the world has revealed limits to its thirst when it comes to oil.

So what is providing the stronger freight market? It is being delivered by the supply side! However, only the newbuilding side of it, because the crude oil tanker demolition segment has contributed very

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A key analysis of November's dry bulk shipping indicators






A key analysis of November's dry bulk shipping indicators (Part 2 of 12)

Why the Baltic Dry Index dipped in November

Baltic Dry Index

The Baltic Dry Index measures the price of transporting dry bulk by sea. The Baltic Exchange Dry Bulk Index (BDIY) is a composite of rates for different ship sizes factoring in the average daily earnings of Capesize, Panamax, Supramax, and Handysize dry bulk transport vessels.


Enlarge Graph


November performance

Since November 1, the Baltic Dry Index has recorded a significant decrease of 44.8% in trading to 803 from 1,456 at the beginning of November. On a year-over-year basis, the index has declined by 62.4% from its near 52-week

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Drewry says Asia-ECNA trade line best performer in 2014





Full ships eastbound, healthy revenue gains and an improving outlook for the American economy have enabled Asia-East Coast of North America (ECNA) trade lane to be one of the star performers in 2014, according to UK shipping consultant Drewry.

After a month of modest growth in August, headhaul volumes bound for ECNA soared by 16.6 percent in September against the same month in 2013, followed by a 10.6 percent increase in October.

The 12-month rolling average growth rate, having hit double digits in September, fell back to 8.9 percent in October, however; volumes in October 2013 were unusually strong.

“The US economy continues to pick up speed and a surge in business and

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Largest Container Ships Help Hyundai Heavy Crack China: Freight

Largest Container Ships Help Hyundai Heavy Crack China: Freight

    Hyundai Heavy Industries Co. (009540) failed for eight years to win ship orders from China. That ended when it pledged to build the world’s biggest container carrier.

    China Shipping Container Lines Co. (2866) this week said it chose Hyundai Heavy to construct five vessels that can each carry 18,400 20-foot boxes. The world’s biggest yard, which has already won orders for five 14,000-box vessels this year, beat Chinese builders for the $683 million contract.

    Rising demand for bigger and more fuel-efficient ships from lines including A.P. Moeller-Maersk A/S (MAERSKB)will help South Korean yards boost profits amid an overall slump in

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