Job Search
 
 
  CV Search
 
 
  News
438bn of vessels still to be delivered in 2016 says VesselsValue
  
What Brexit means for UK shipping
  
Low sulphur fuel availability a reason of concern as new emission rules approach
  
Global Fleet Growth A More Mature Trend
  
Second hand vessels prices pick up in tandem with freight rates
  
 
 

Maritime News

Tanker fleet to grow three times demand : CLARKSON

 

The global oil tanker fleet will expand almost three times more quickly than demand this year, according to Clarkson Research Services Ltd, a unit of the world's largest shipbroker.

Demand will climb 2.7 per cent as the fleet of 5,600 vessels swells by 7.5 per cent, Clarkson said in its Oil & Tanker Trades Outlook, published recently. Only one ship class—Panamaxes, the largest tankers that can navigate the Panama Canal—will shrink in relation to demand, the report said.
"Many tanker-owning companies are set to endure several months of hardship, as a patchy outlook for oil demand in the remainder of the year is set against an oversupplied fleet," Clarkson said.
Owners are contending with the biggest glut of new vessels in 29 years at the same time that higher fuel costs, their main expense, have driven earnings for Supertankers to the lowest level since 2002. The price of ship fuel, or bunkers, has jumped 26 per cent this year to $624.39 a metric tonne, according to data.
Demand for Suezmax tankers, each able to carry one million barrels of crude, will fall 0.9 per cent while the fleet expands by 4.5 per cent, according to Clarkson.
The number of very large crude carriers, that can haul two million barrels, will climb 16 per cent as demand gains 7.1 per cent, the report showed.
Panamaxes in service will drop 1.2 per cent on increased scrapping as demand slips 0.4 per cent, Clarkson said.
Seaborne oil exports will rise 3 per cent to 37.6 million barrels a day, the report showed.
Clarkson predicted a 2 per cent drop in European imports to 8.9 million barrels a day and lowered its estimate for this year's crude imports into China, the world's second-largest consumer, to a daily 4.8 million barrels from 4.9 million barrels last month.

Date: 02 Sept 2011                                                                         Source: eximin.net

 

 Featured Company
Sanmar Shipping Ltd,India EAST INDIA SHIPPING AGENCY,PUNE,India MARVIN INTERNATIONAL SHIP MANAGEMENT PVT LTD,India
Nevoxel Consultants,India K-Ship  Krishnamrutam Enterprises Pvt. Ltd. ,India MSL Solution  Pvt Ltd,India
Synergy Maritime Recruitment Services Pvt Ltd,India ADARSH SHIP MANAGEMENT,India BLUE CRYSTAL MARINE SERVICES PVT. LTD,India
CORPORATE MARITIME SERVICES,India MAERSK ,India Oceans Pride Marine Services Pvt. Ltd.,India
RAMAN MARITIME ACADEMY PVT. LTD.,India APAC Marine Services Pvt. Ltd,India AET Shipmanagement (India) Pvt. Ltd,India
Admiral Marine Service Pvt. Ltd,India Helm Shipping Management Private Limited,India SHRI MAHAVIR MARINE SERVICES PVT LTD,India
Ind-Aust Maritime Pvt. Ltd,India Bridgeview Maritime Pvt.Ltd,India Calm Seas Shipping and Maritime Services Pvt.ltd,India
Ad Ship Management pvt. Ltd,India Tristarr Maritime And Shipping Private Limited,India

Copyrights © 2012 seajobhunt.com
Terms and Conditions  -   Sitemap  -   Private Policy  -   FAQ  -   Contact Us
Site By : Pheunix