FIS Morning Report Tanker FFA 23-06-21

News Headlines: A quarter of older tankers carry sanctions risk (Tradewinds) standard know-your-customer vetting processes shows 25% of tankers 15 years and older are “high risk” for sanctions for involvement in carrying Venezuelan or Iranian crude. Buyers are earning discounts as high as 40% to carry cargoes blacklisted by the US, significantly supporting rates   …

FIS Morning Report Tanker FFA 21-06-2021

News Headlines: China Lifts Oil Imports From Saudi Arabia, UAE, Oman Last Month (Bloomberg) China increased oil imports from Saudi Arabia, the UAE and Oman in May, according to General Administration of Customs data     Iran’s ‘ghost armada’ of 123 sanction-busting tankers is selling black market oil to China to bankroll its secret (Bloomberg) …

FIS Morning Report Tanker FFA 18-06-21

News Headlines: OIL DAYBOOK EUROPE: China Intensifies Key Oil-Refining Probe (Bloomberg) The future of China’s vast oil-refining industry may hinge on what government investigators find in Panjin. This little-known energy hub east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the …

FIS Morning Report Tanker FFA 17-06-21

News Headlines: Benchmark Oil Tanker Losses Ease; Med-Asia Clean Rates Rise (Bloomberg) Rates for hauling oil on the benchmark TD3C route edged higher to WS 31.14. That equates to a daily loss of -$4,309, compared with -$4,525 on Tuesday. Rates on the TD20 WAF-Continent route rose 2.9% to WS 49.73; that was the highest since …

FW: FIS Castaway Podcast – Episode 59 16/06/21

    FIS Castaway Podcast – Episode 59   As Capes jump over 50% week on week, we discuss the ‘extra-terrestrial’ trajectory and where it could go, as well as the oil and iron ore markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-59/   Spotify https://open.spotify.com/episode/5sy3C4Augg8INXB8KvmnXH?si=JbbHCdEdSWqjuuf9KqNQuQ&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-59/id1507094242?i=1000525720614         Disclaimer: This podcast is a …

FIS Morning Report Tanker FFA 16-06-21

News Headlines: OIL DAYBOOK EUROPE: Top Oil Traders Predict Higher Prices (Bloomberg) The world’s largest independent commodity traders see crude prices rising further as demand keeps growing and supply remains constrained. Yet as top executives from Vitol Group, Trafigura Group and Glencore Plc agreed on oil’s direction, they differed over the size and duration of …

FIS Morning Report Tanker FFA 15-06-21

News Headlines: OIL DAYBOOK EUROPE: Gasoline Underpins Oil’s Recovery in China (Bloomberg) China’s meteoric rebound from the Covid-19 pandemic has been a source of strength for global oil demand, and a close look at domestic trends reveals that cars have underpinned the recovery.     Supertanker Booked at $36,000 per Day: BNEF Time Charter Tracker …

FIS Morning Report Tanker FFA 11-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Buffer Not All It Seems; IEA Report (Bloomberg) As oil demand roars back from the pandemic shock, the world may soon clamor for more crude from OPEC+. But the coalition doesn’t have all the barrels it’s advertising. On paper, the alliance will still have a gigantic 5.8 million barrels …

FIS Morning Report Tanker FFA 10-06-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Awash With Gasoline; Iran Nuclear Talks (Bloomberg) American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still uncertain. Stockpiles have jumped to the highest in three-months, while a measure …