News Headlines:
OIL DAYBOOK EUROPE: Asia’s Excess Diesel to Head West; Margins (Bloomberg)
When the pandemic spread across Asia last year, oil traders sent an armada of tankers to haul excess diesel supplies out of the region. Now, as the delta variant of the coronavirus rips across the continent, the same thing could happen again……
Value of the global merchant fleet hits a new all-time high (Splash247)
According to Clarkson Research Services, the global merchant fleet is now worth $1.2trn, having risen by 26% in the year to date. The main cargo shipping sectors such as containerships, bulkers and tankers account for the majority of the value of the world fleet at around $700bn, or 58% with Containerships, LNG carriers and cruise ships now accounting for 34% of the total value, up from 21% at the start of 2015.
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