Vortexa outlines how global crude imports show a slow recovery for refiners.
A breakdown of the impact on oil, freight and flows in the aftermath of the Suez Canal blockage.
As naphtha continues to find outlets towards the East, LR2 utilisation is on the rise in March, helping resurrect rates from multi-year lows. But widening LPG discounts to naphtha are expected to put a lid on Asia's naphtha imports in the coming months.
The recent drop in US refinery throughput following the North American winter storm has strengthened transatlantic gasoline flows, while exerting pressure on Medium Range (MR) tankers operating in the Americas. But looking forward, the tables could be turned.
The VLCC market share of Johan Sverdrup volumes continues to increase at the expense of Aframax and Suezmax tanker segments, highlighting the demand for longer-haul routes.
To kick off IP Week 2021, Reuters Events and Vortexa were proud to partner on the event 'Driving Freight Forward: A digital analytics roadmap to growing the freight markets of the future' on 22 February 2021.
Australia's Altona refinery closure is expected to raise the country's refined product imports, with supplies from Exxonmobil's Singapore refineries. MR tanker freight rates to receive support from additional demand for the route.
Vortexa joins over 600 organisations who have signed the Neptune Declaration; a global call to action to urgently end the ongoing humanitarian crisis where over 400,000 seafarers are stranded at sea.
From the 26-28 January, Vortexa partnered with Argus to present at the Argus Crude Live online conference, alongside industry leaders.
Vortexa are proud to announce membership of SPNL for 2021 as the Freight Analytics Partner.
The recent bonanza of exports enjoyed by LNG producers such as the US, fuelled by a demand crunch in Asia, has rippled through freight markets for LNG carriers.
Several gasoline and diesel cargoes have diverted away from the US East coast hub of New York Harbor so far this month, suggesting a current surplus in PADD 1 that could prompt prices to recede.
On the 7th December, Vortexa are proud to be have been involved in the Tech in Commodities 2020, ran in conjunction with SWITCH 2020, delivering a panel with key industry leaders from Braemar ACM Shipbroking, Norden, and Windward
On 9th December, expert analysts from Vortexa, Windward and C4ADS came together to discuss the impact of trade sanctions on oil and shipping markets. Watch the webinar on demand!
Floating storage told the story of the extraordinary moves in oil demand and supply in 2020.
LR tanker rates are rallying higher following a strong month of October-loading naphtha exports from the Mediterranean and the Mideast Gulf heading East, with the momentum set to continue in November.
This report brings together Windward intelligence and Vortexa data on maritime risk factors, dark movements, vessel specifics and cargo flows in a case study examining the risk posed to the global maritime fleet of association with the Venezuelan oil trade.
On the 29th October, the global Vortexa team came together to discuss the middle distillates market, taking stock of the market from both sides of the pond, from Europe to America.
The global build of unemployed tonnage is the cause of recent the weakness and a bleak outlook in clean tanker freight markets, as evidenced by a month-on-month drop in freight rates across 4 out of 5 routes analysed.
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.
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.
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.
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.
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.
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.
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.
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.
Very large crude carrier (VLCC) tanker rates surged to multi-year highs in recent days amid a perfect storm of sanctions and regulatory risks that placed several hundred oil tankers off limits.