Oct 16, 2020
We wanted to drill down into what our CTO, Maksym Schipka really thinks of our culture, what he looks for in new hires and where he predicts the company will be in five years’ time...
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Sometimes writing your own algorithm out-performs a library by 3 orders of magnitude
We examine how Alaska’s jet fuel market has run against the wider global trend of persistently weak demand.
Vortexa’s CEO Fabio Kuhn delivered a presentation on Scaling Human Energy Market Expertise with AI, as part of ZE Powergroup’s Global Tech Summit. In the presentation, he discussed the digitisation of the industry and how this affects making faster and smarter trading decisions.
The partnership will enable tanker charterers, shipping companies and other global maritime stakeholders to evaluate and select vessels more quickly and accurately after assessing maritime risk.
Our expert speakers Cosmo Kedros and Serena Huang discussed how low sulphur fuel oil (LSFO) markets have been dramatically reshaped in 2020 in our webinar hosted on 30 September.
In celebration of Black History Month, Vortexa met with Oliver Hypolite-Bishop; a political and social commentator and writer with a particular focus on the challenges of race, racism, class and inequality within Britain, to learn more about the history and successes of the black community.
Vortexa Lead Freight Analyst, Arthur Richier, discussed the future of green shipping in his presentation, discussing topics such as IMO goals, and the challenges and available solutions for global tanker fleets and alternative fuels.
Crude tanker freight markets remain a prisoner of challenging circumstances, even as the seasonally strongest quarter of the year is upon them.
As the US northeast (PADD 1) heads into the winter season, one factor on the minds of diesel market participants is will the change of seasons drive a change in flows?
Asia's low sulphur fuel oil market is expected to tighten in Q4 2020. Global refinery runs and OPEC+ production levels are key signposts to watch for.
ZE PowerGroup Inc. (ZE) is entering into a partnership with Vortexa Ltd. to make physical energy cargos and flows data available to its clients in the energy, finance, shipping, and infrastructure industries.
Using Data Science to create unprecedented visibility into energy markets and make the world slightly better.
Diesel/gasoil exports from the US Gulf coast (PADD 3) in September are set to register the largest month-on-month decline seen since April.
The diversion of a gasoline blending component cargo away from the New York hub could foreshadow a weaker transatlantic pull for European gasoline/blending cargoes in coming weeks.r.
US Gulf coast gasoline exports have been seeking alternative markets in the region in recent weeks, beyond top markets Mexico and Brazil.
An uptick in gasoline loadings from Europe to West Africa since the beginning of September, compared to a calm summer has led to a strengthening of freight rates in the clean tanker market for LR1s.
Founded in 2016 by industry leaders Fabio Kuhn and Etienne Amic, Vortexa is a specialised oil analytics firm, using its proprietary technology to supply real-time market data and insights. Co-founder Fabio Kuhn tells HC Insider about the company and its ambitious growth plans.
This is the second article of this series, outlining how to think about data processing code in the Python world, and more specifically, how we can improve our code performance while writing legible, maintainable, production-quality code.
In this article, our Head of Data Services focuses on different practices to make sure that our data can be trusted, how we keep it recent and always accessible by adopting the mindset of site reliability engineering.
A second wave of diesel floating storage is now underway, as expectations grow for a further build.
Stay up to date on the ramifications of China’s long-standing port congestion, discover why Singapore’s fuel oil arbitrage flows from Europe and South Americas are in decline and get to grips with why Asia’s crude floating storage levels could be primed for resurgence.
Part 2 of our Python SDK demonstration series, our Lead Market Analyst looks into using the SDK to extrapolate data on China clean products exports by top destinations.
In this video, our Lead Market Analyst, Serena Huang, provides a comprehensive demonstration of how to use the Vortexa Python SDK to pull data on Chinese product exports.
The effects of Hurricane Laura, which made landfall on the US Gulf coast on 27 August, continue to be felt in the flows of energy commodities out of facilities in or near the path of the storm.
Persistently lower Black Sea crude loadings over July-September, compared to more buoyant export levels in the first half of the year, continue to weigh on the regional tanker market rates.
US crude loadings to China are en course to reach a 4-month high in September, as more bookings emerge along the route for October.
The iconic American activist Verna Myers once said, ''Diversity is being invited to the party, inclusion is being asked to dance.'' In this blog, Vortexa discusses what diversity means to them, how it impacts individual roles and why it forms just an essential element of the business.
How is clean products floating storage faring globally, and what regional dynamics can we see?
In the wake of Hurricane Laura, we look at the impact of on vessel availability in the clean and dirty fleet segments in the US Gulf coast.
Infographic on India's recent clean petroleum product exports since the onset of covid-19
Reduced gasoline imports and lower local refinery production have led to a large deficit in the total volume of gasoline supplied to PADD 1 during the driving season this year vs. 2019.
Explore top 10 trends currently shaping the tanker freight market. From utilisation rates to product imports, discover what most risks impacting fundamentals today, according to Vortexa data.
On 27 August, our US Analyst & Specialist team looked into the trends of the gasoline market in the US, the market reaction to the pandemic, and what recovery we can see coming in the second half of 2020.
US crude exports fell slightly month-on-month in August, but are still up 20% from last year.
The number of tankers used for crude and products floating storage activity around the world is down by 36% from two and a half months ago.
Utilisation rates for Very Large Crude Carriers (VLCC) fell to 44% in August, their lowest level this year following stymied global demand recovery for crude and a significant loss of cargoes compared to 2019 levels, according to Vortexa data.
Singapore’s fuel oil floating storage inventories saw a 1.1mn mt drawdown over the last four weeks, reaching 4.2mn mt as of 17 August, the lowest since February. Read on to discover why.
A comprehensive comparison of the products that we offer to our customers such as our API, Excel add-in, and Python SDK. Discover the benefits of our systems to decide what best works for you and your company.
South Korea’s jet fuel exports to the US West Coast (PADD 5) rose to 115,000 b/d in July, the highest in at least four years, according to Vortexa data. This follows improved arbitrage economics after an uptick in PADD 5 jet fuel prices and falling clean tanker rates in June.
Gasoline and blending component exports from northwest Europe and the Mediterranean rose on the month to 1.24mn b/d in July, the highest monthly total since March. This underlines rising refinery runs from European refiners amid stronger regional demand.
US crude and condensates exports rose sharply in July to 3.2mn b/d, up by 22% from the previous month and 28% year-on-year.
Tightness in global heavy-sour crude markets has led to narrowing differentials for these grades against Brent in recent months, despite weaker demand sentiment in the overall crude complex in the wake of the pandemic.
Diesel and jet fuel loadings onto newbuild VLCCs have hit a year-to-date peak in July. Rising cargo volumes aboard VLCCs reinforce the view that east of Suez traders recently become increasingly keen on loading cargoes for longer haul journeys, potentially for floating storage.
Register now for our Freight webinar, discussing the tanker markets downfall in H1 2020, and the key drivers for the market today. Presented with Braemar.
Saudi Arabia's fuel oil imports typically rise towards the peak power demand season in summer, but early indications so far in Q3 2020 point to a more subdued seasonal uptick compared with prior years.
A look into the journey of one of our analysts learning Python and implementing his skills with the Vortexa SDK.
The first in a two-part series of articles outlining how to think about data processing code in the Python world, and how we can improve our code performance while writing legible, maintainable, production-quality code.
Aframax tankers trading in the Mediterranean are entering a period with rates at multi-year lows, amid low cargo volumes and a build in surplus tonnage. We investigate the current state of the Aframax Mediterranean market and look to where it is heading through Vortexa data.
On 14 July 2020, we held a webinar discussing the dynamics of US crude exports to China and what predictions we can make from the data. Watch on demand now.
Global diesel arbitrage flows are shifting as the pace of demand recovery and inventory draws vary across regions. We highlight the key global diesel trends across Europe, Asia and the Americas.
Crude exports from the US port of Corpus Christi have dominated Houston's exports in the past ten months on the back of increased connectivity to the Permian and Eagle Ford basins.
This Insight report examines a high risk scenario for freight tonnage if US sanctions for PDVSA were to be extended to tankers involved in Venezuelan movements in the past two years.
The share of US marine fuels arriving into the global bunkering and storage hub Panama rose sharply in the first half of this year, following the shift to IMO-compliant marine fuels. This displaced previously dominant high sulphur fuel oil (HSFO) from South America, as we highlight in this article.
Sweden returned to the position of a net diesel exporter in June, amid improving European diesel consumption. Waning storage economics in the northwest European diesel market curbed the unusual flow of Russian diesel that moved into Swedish storage terminals observed over April-May.
North Sea crude exports have proven resilient among global buyers in the midst of the covid-19 pandemic, as firm demand in Asia has overcome freight rate spikes and weaker regional demand.
The share of US LPG exports heading to Asia rose in the first half of the year, offsetting a drop in transatlantic flows. Looking ahead, the momentum of US exports to China in particular will hinge upon the competitiveness against rival Middle East producers.
Brazil's latest seaborne refined products flows reflect the dampening of domestic road fuels demand in the wake of the Covid-19 pandemic. We take stock of the impact, and see in our data that lower gasoline demand pushed exports in May higher.
Fuel oil floating storage became a key feature of the global oil market even before the more recent pandemic-driven explosion in offshore crude and clean products inventories.
The final chapter of our Satellite Image Segmentation. This piece is an analysis on how to identify where ships are within a satellite image, building a U-Net from the encoder developed in Part 2.
Towards a fully convolutional network, for more interpretability (example of CAM attention), early localisation properties, and capability to evolve into an image segmentation model. In the process, we’ll delve into the technique of transfer learning.
You can now watch our on-demand webinar discussing the recovery of demand and changes in floating storage in the Asia Pacific region. Read our key takeaways here!