Wednesday, September 5, 2012

VLCC Owners Paying Clients to Ship Oil

 
http://www.marinelink.com/news/clients-owners-paying347416.aspx

Owners of Very Large Crude Carriers (VLCC) by agreeing to current low rates are effectively paying shippers for the priviledge.
Hire costs for the largest oil tankers are so low and the oversupply of the vessels is so acute that shipowners are paying to carry crude for clients, BTPremium was informed by Braemar Seascope.

Owners of very large crude carriers (VLCCs) that haul two million barrels are losing US$5,700 daily on a return voyage on the industry's benchmark route to Japan from the Middle East, the London-based shipbroker said in a report e-mailed last week. That rate fails to account for possible speed cuts aimed at reducing cutting use of fuel, owners' biggest expense, known in the industry as slow-steaming.

Returns for VLCCs that ship about 20 per cent of seaborne crude are at record lows on the two most profitable routes for the ships, to Asia and the US from the Middle East, as too many tankers compete for business, Frontline Ltd, the largest operator of the vessels, said last week.

Source: BTPremium

6 comments:

  1. Internet marketing is clear, the next question is usually, "Yes, but where I start?." For new and existing customers a direct entry point. In the days passed, and when people want to find a business, they turned to the yellow pages. Today, your customers will find you on the Internet, if you are not there, they will turn to the next thing, they did find: 1, browse around these guys

    ReplyDelete
  2. Most professional web design companies have published some guidelines that will help potential clients answer some of their questions. It is with that in mind that we have written this article. Webdesign

    ReplyDelete
  3. The very first thing I have to tell you is that no truly successful Internet marketer is a sham and a fraud. The stereotype of the Internet marketer that sidelines as a ruthless vulture and snake-oil salesman is an image that is, sadly, more commonly adopted than I would like. Webdesign Limburg

    ReplyDelete
  4. Then I start to second guess myself. All of these thoughts pop into my head more than once every day, and it's an ongoing struggle to get past all the doubts and uncertainties. Webdesignbetaalbaar.be

    ReplyDelete
  5. One more point, people need to realize that web leads are different then your normal office leads. Usually web leads are just starting there search. Webdesignprofessioneel.be

    ReplyDelete
  6. It's not important if you don't know how to program, design, optimize sites or do similar things. You can still earn money doing things everybody knows. Start working from your home today, without any extra investments. Webdesigner Antwerpen

    ReplyDelete