Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

The week in charts: Lockdowns unlikely to boost floating storage; record low for general cargo orders

Oil traders would lose money if they purchased at today’s price and chartered a VLCC for six months for storage. Meanwhile, crude exports from the US Gulf were the highest since March in September

As much of Europe locks down to combat infections, our analysis shows that the oil market situation is not as economically favourable for storing crude and products on tankers as floating storage as it was earlier in the year. Meanwhile, new orders for general cargo carriers will be at a record low in 2020

Related Content

Topics

UsernamePublicRestriction

Register

LL1132440

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel