scorpio tanker ice-class

With Icy Forecast, Tanker Rates May Skyrocket in Northern Europe

Total Views: 12
October 26, 2012
scorpio tanker ice-class
The Scorpio-managed ship, STI Heritage is a 73,956 dwt ice class 1A Panamax tanker. In 2011, she transited the North Sea Route with a cargo of 61,000 tons of stable gas concentrate produced by Novatek’s Purovsky Gas Condensate Processing Plant in the Russian arctic.
(Bloomberg) — Rates for oil tankers in the Baltic and North Seas may jump this winter on forecasts for harsher weather, increasing demand for Aframax ships able to sail through ice, according to E.A. Gibson Shipbrokers Ltd.

“The seasonal factors of poor weather, ice, fog and the resulting delays come together to cause havoc to vessels’ itineraries and hence restrict the volume of vessels available for trade, ultimately pushing up rates,” the London-based shipbroker said in an e-mailed report today. “If the winter is as bad as the weather fraternity predict we could see earnings skyrocket.”

– Isaac Arnsdorf, Copyright 2012 Bloomberg


Back to Main