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Nov 27, 2024 | 
spglobal.com | Thomas Washington |Alec Kubekov
The higher call on sanctioned tankers to carry Iranian exports is weighing on mainstream fleet demand, crude tanker firm Frontline said Nov. 27. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Iran's crude exports climbed from below 400,000 b/d in 2019 to 1.56 million b/d in October 2024, according to ship tracking data from S&P Global Commodities at Sea.
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Nov 13, 2024 | 
spglobal.com | Alec Kubekov
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Nov 4, 2024 | 
spglobal.com | Alec Kubekov
Rates for Very Large Crude Carrier voyages loading in West Africa have so far failed to mount a sustained recovery from the lows experienced during the summer months of 2024, with sources pointing to an oversupply of tonnage, lower-than-expected cargo inquiry levels and weakness in the key Persian Gulf and US Gulf markets. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Oct 8, 2024 | 
spglobal.com | Alec Kubekov
The third quarter of 2024 was a frustrating period for shipowners operating in the West of Suez VLCC sector, with muted spot-market inquiry levels and weakness in the Persian Gulf loading zone preventing rates from mounting a sustained recovery from the lows experienced in the second quarter. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Aug 22, 2024 | 
spglobal.com | Kelly Norways |Konstantinos Frentzos |Alec Kubekov
A Greek crude tanker adrift in the southern Red Sea was targeted by a sea drone as crew members were evacuated, according to the EU naval force and UK Maritime Trade Operations, as the most destructive attack on Red Sea shipping continued for a second day. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. In a statement on X Aug.
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Aug 21, 2024 | 
spglobal.com | Kelly Norways |Alec Kubekov |Max Tingyao Lin
A Greek tanker laden with Iraqi crude was drifting off Yemen on fire after being struck by four missiles Aug. 21, while a second ship was targeted South of Aden, according to the United Kingdom Maritime Trade Operations and S&P Global Commodities at Sea data, in the most destructive attacks on Red Sea shipping this summer. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Aug 7, 2024 | 
spglobal.com | Alec Kubekov
Freight rates for dirty tanker voyages loading in West Africa have fallen to their lowest since the start of October, as supply/demand fundamentals remain firmly in favor of charterers, according to sources. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed freight on the 130,000 mt WAF-UK/Continent route, exclusive of EU Emissions Trading Scheme charges, at $12.34/mt on Aug.
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Jul 18, 2024 | 
spglobal.com | Alec Kubekov
Freight rates for Suezmax voyages loading in the Caspian Pipeline Consortium and discharging in the Mediterranean dropped substantially on the day to July 17, with sources pointing to lower projected cargo inquiry levels for August, a build-up of tonnage in the region and pressure from softness in adjacent markets. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Jul 11, 2024 | 
spglobal.com | Alec Kubekov
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Jul 4, 2024 | 
spglobal.com | Alec Kubekov
The freight rate for Suezmax voyages loading in West Africa and discharging in the UK-Continent fell to a nine-month low in dollar per metric ton terms on July 3, amid recent softness in the US Gulf market, a lengthy Atlantic tonnage list and muted inquiry levels. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed freight on the 130,000 mt WAF-UKC run at w100, inclusive of EU ETS charges, Jul. 3.
