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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
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key determinant of forward supply," said OSC. It expects Asian oil consumption to remain the focus of near-term VLCC and ULCC marketing efforts, with growth in China and India contrasting with sharp cutbacks in Indonesia, Thailand, and Japan: "Overall
a French oil tanker near Yemen also prompted traders to cover short positions ahead of the weekend. Since lumbering VLCC and ULCC tankers are vulnerable to such attacks, analysts fear that a rise in insurance premiums for such vessels could add to the cost
and 1 million b/d from a single point mooring (SPM) loading point near the abandoned Sea Island export terminal. VLCC and ULCC vessels can load at the SPM but not at the piers. Two single buoy mooring loading facilities are planned for installation