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Commodity Pulse video

Weakness in clean LR tanker market set to continue

With Alex Younevitch and Shubhlakshmi Shukla

October 24, 2016 06:30:36 EST (9:52)

Long Range tanker freight rates in the Atlantic are at historical lows, putting heavy pressure on shipowners' earnings. Is this just a temporary issue or is there even more trouble ahead? In this video, managing editor for EMEA shipping Alex Younevitch and associate editor Shubhlakshmi Shukla discuss the main forces behind the sorry state of the LR tanker market, including the closed naphtha arbitrage to the Far East, declining gasoline imports to West Africa and the swelling fleet orderbook.

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Mediterranean Bunker Fuel Conference
December 1-2, 2016 • Ethniki Conference Centre • Athens, Greece

Mediterranean Bunker Fuel Conference

S&P Global Platts Mediterranean Bunker Fuel Conference returns for its 5th year in the great city of Athens.

This year will once again bring together the region’s leading bunker fuel suppliers, traders, brokers, refiners, ship operators, owners, and other marine fuel industry organizations to discuss the changing landscape of the Mediterranean heading towards 2020.

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