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Tanker Rate Spike Dents Floating Storage Effort
By Jonathan Saul and Libby George LONDON, Nov 19 (Reuters) – Record high freight rates are creating more headaches for traders looking to house millions
floating oil storage
Thursday, November 19, 2015
Friday, November 13, 2015
Shipping News
Tanker Backlog Threatens World Oil Market Gridlock
By Jonathan Saul and Libby George LONDON, Nov 13 (Reuters) – As land storage sites worldwide reach brimming point due to a supply glut, tens of millions
Monday, September 28, 2015
News
Oil Traders Look to the Sea for Profit Amid Price Collapse
By Ben Sharples and Naomi Christie (Bloomberg) — The global oil glut may soon expand to the ocean. While traders are already cashing in on the
Monday, September 21, 2015
News
Singapore’s Record High Fuel Oil Stockpiles Driving Storage at Sea
By Jessica Jaganathan SINGAPORE, Sept 21 (Reuters) – Record high stocks of fuel oil in Singapore are pushing traders to store the shipping and
Tuesday, January 13, 2015
News
Oil Traders Seen Storing 25 Million Barrels of Crude at Sea
Oil traders have booked at least 12 tankers to store 25 million barrels of crude at sea in a further sign of a build-up in global stocks, according to shipping
Wednesday, October 15, 2014
Uncategorized
Floating Storage Stalls Despite Falling Oil Prices
Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for
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