Reprinted from The Maritime Executive, November 13, 2014 Venezuelan oil ports are overwhelmed as they struggle to load and unload cargoes on time. PDVSA is offering to buy up to 2.4 million barrels of gasoline and ultra low-sulfer. The new offers combined with ten oil and fuel orders from October are causing the traffic at […]
Reprinted from Maritime Executive Why hasn’t the Pilots Association been consulted regarding safety in the new canal? Captain Rainiero Salas, president of the Panama Canal Pilots Association (PCP), said that his organization has not once been contacted by the Panama Canal Authority (ACP) concerning ship operations in the new canal. The PCP was formed in […]
Reprinted from The Maritime Executive, December 15th, 2014 The oil price drop will hand tanker markets an unexpected bonus next year, boosting demand for oil storage at sea while distant eastern markets also bargain-hunt fuel and need shipping. Supertanker rates are already close to five-year highs of over $83,000 a day – helped by a […]
