Latest News for: Clean product tanker

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‘Inevitable owners’ market’: McQuilling issues bullish five-year tanker forecast

Splash24/7 06 Feb 2023
McQuilling Services has just released the 26th anniversary edition of its keenly read five-year tanker outlook ... These estimates are basis non-eco tankers without scrubbers. Turning to product tankers, McQuilling reckons the Russian sanctions will exacerbate the demand growth for clean tankers and particularly for the LR segments.
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Looming Russian products ban has analysts divided

Splash24/7 31 Jan 2023
Despite some extraordinary sums being paid for vintage clean tonnage of late, and expectations that these units will be used to lift Russian clean products, according to analysis by BRS the clean shadow tanker fleet remains too small to carry Russia’s near-2m barrels per day of clean product exports.
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Product tankers continue rate slide in spite of increased activity

Tradewinds 27 Jan 2023
Product tankers continued their 2023 slide this week ...
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Tristar Group: A partner of choice for top international oil companies

Gulf News 26 Jan 2023
Road transport of petroleum products is a key vertical for Tristar, with services across the GCC, Asia and Africa ... Tristar’s shipping business owns and/or operates more than 30 chemical, oil and gas tankers and bulk carriers that trade globally, mostly with oil majors ... Clean petroleum products.
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Chinese New Year celebrated by product tanker owners

Splash24/7 19 Jan 2023
That would mean year-on-year growth versus 2022 of 25-30% while adding as much as 2% to the overall clean petroleum products’ seaborne cargo volume,” said Rasmussen. Product tankers are already predicted to benefit from an increase in average sailing distances in 2023 due to the upcoming European Union ban of Russian petroleum products.
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MRs creep up while rest of product tanker market struggles

Tradewinds 13 Jan 2023
... bright spots for an otherwise faltering product tanker market.
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Streetwise: Ireland’s Ardmore and the tanker group led 2022 stock gains

Tradewinds 12 Jan 2023
... bank Jefferies shows, tankers won the year, particularly in the clean product sector.
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Robert Bugbee: Investors ‘wrong’ to correlate VLCC weakness with product tanker outlook

Tradewinds 09 Jan 2023
... ban imposed on Russian crude, some are assuming similar softness for product tonnage following the 5 February restrictions on clean oil product cargoes.
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Product tanker demand to jump as China raises export quotas

Tradewinds 03 Jan 2023
... set to provide a regional boost for clean tanker owners.
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Two-tier freight market may keep global tanker rates firm

Hellenic Shipping News Worldwide 02 Jan 2023
Global tankers freight across clean and dirty products segments will ...
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Vitol out ‘tens of millions’ after Brazil tanker cargo seizure

Tradewinds 29 Dec 2022
A Brazilian customs seizure of clean petroleum products led to the cancellation of a ...
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Tanker pivot: Greece’s Chemnav pounces on Navios and UPT product carriers

Tradewinds 22 Dec 2022
... products and already fitted with ballast water treatment systems.
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MR Pivot : Greece’s Chemnav pounces on Navios and UPT product carriers

Tradewinds 22 Dec 2022
... products and already fitted with ballast water treatment systems.
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Rates to hire tankers for refined petroleum products reach multiyear highs during 2022

Hydrocarbon Engineering 15 Dec 2022
In April 2020, an oversupply of crude oil and refined petroleum products, resulting from decreased demand during the COVID-19 pandemic, drove both clean and dirty tanker rates to record highs ... Clean petroleum products are typically transported on medium range (MR) tankers, which are generally smaller than dirty tankers.

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