Clean tanker rates in the East of Suez have remained at a high level despite erratic demand in the region. The main driver of this situation lies on the supply side. In this insight we dive into the dynamics behind rates in the East, and link the chain of events to trace the freight rate trajectory.
MR tankers in the Atlantic are facing a bumpy road after the first week of April, mainly driven by tonnage oversupply. However, the return of transatlantic gasoline demand could act as a deus ex machina and stage a revival for freight rates on both ends of the Atlantic Basin.
India's diesel exports set a record-high in March, as traders in the west snapped up every available barrel offered in the market. We weigh in on whether this export level is sustainable going forward.
As we move into the second quarter of this year, we analyse the effects of recent developments on the tonne-mile demand of crude and clean tanker fleets.
Following up on our APAC Webinar, we are answered questions on Russian oil exports, and the implactions on European and Asian crude and product flows, as well as repercussions for clean and dirty shipping.
While crude rates are falling from the peaks reached following the Russian invasion in Ukraine, CPP tanker rates continue their rally, especially in the Eastern hemisphere. In this insight we will analyse the drivers which have triggered this development.
From an oil and shipping point of view, the Russia/Ukraine war may curtail or merely rerout the flows of Russian oil barrels, or even keep them largely unchanged. The importance of diesel may even top crude, with limited alternatives speaking for continued Russian-European trade.
European refiners' thirst for light-sweet crudes has propelled sweet crude premiums in recent weeks. As these premiums continue to test historical highs, it raises questions as to whether product prices are catching up fast enough to support this price momentum.
How CPP dynamics has shaped the MR freight market on the Atlantic as well as what is in store for the region in the short to medium term?
Transatlantic rates reached an annual high recently, however are now easing. Vortexa is attempting to analyse the reasons behind this decline and whether this trend will resume.
In this blog, Vortexa attempts to assess Omicron’s impact on crude and product tanker markets.
Vortexa analyses the freight rate development of 4 vital CPP routes and investigates how the cross-vessel class dynamics could drive a domino effect on fleet repositioning.
As the world tries to shake off the pandemic, Vortexa looks at top-level tanker demand trends to understand how the Crude and CPP markets have fared compared to the pre-covid period, the previous quarter and what is in store for the future.
Having one eye set to analytical insights and the other on industry events, Vortexa provides a brief outlook on the shipping industry’s future. It seems that the tanker sector will need to surf high and wild waves, both in the short and the long term.
As we witness global naphtha cracks continuing strength since the spring, we can see that seaborne naphtha imports carry on their impressive recovery. Strong flows are expected to continue on the back of firm petrochemical demand East of Suez and European gasoline blending.
Latam imports of gasoline & diesel are enjoying a demand surge with volumes arriving from as far away as the East of Suez to fulfill hefty import requirements. However, despite higher volumes of clean products headed towards Latam over July, MR tanker US Gulf - Latam remained relatively unchanged, as a fair chunk of the inflow was supplied from West Africa.
Vortexa summarises the trends and dynamics that prevailed in the crude and product tanker market throughout Q2 2021
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.