OPEC sees smaller oil glut, upbeat on non-OPEC cut compliance

The OPEC Reference Basket jumped nearly 20% in December to $51.67/b, ending above $50/b for the first time in 18 months. In contrast, the Basket’s yearly average value came in at its lowest in more than 12 years at $40.76/b.

Bunkers: Smaller And Challenged Ports Key To Physical Supplier Success

Adrian Tolson concluded: “Rationalisation is the by-word in today’s bunkering industry and major physical suppliers, just like major bunker traders will have to get used to this.

Cosco adds smaller ship to the North Asia-China-Australian Express service

COSCO is providing the 4,253-TEU Cosco Durban on the North Asia-China-Australia Express, service operated by NYK, ...

VLCC rates decouple from smaller tankers

Earnings in the large crude tanker sectors appear to have decoupled for the present with...