All content in this website is sourced legitimately

Article Details
Shipping industry: Going through tough times
Dec 21:   The shipping industry is going through a period of intense turmoil.
The following are some of the highlights
Asset Prices:
8VLCC 5 yr old prices have gone down by 25% in Y-O-Y Q32016
Freight rates:
8BDTI almost doubled since August 2016 & BCTI up around 50% from lows of 346 in October 2016 to 505 in December 2016
Crude Market::
8Crude oil supply increased due to record production levels by various OPEC and few Non-OPEC nations.
Product Market:
8Refinery runs low due to low refinery margins and extended maintenance resulting in stock drawdown. LR Freight rates remain low as long haul Naphtha arbitrage into Asia was non-existent.
Click on Reports for more
 Details

**********************************

Back  |  Top
 
The content in this website is authentic and all information is sourced legitimately. The news we produce is collated through journalistic effort that is legal and legitimate. We carry no information that violates Indian law or is a breach of confidentiality in any form or manner.
Copyright 2018 www.indianpetroplus.com. All rights reserved