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Houston (Platts)--17 Aug 2018 411 pm EDT/2011 GMT
The Medium Range tanker freight rate on the US Gulf Coast-Caribbean route shot up close to 35% over the past two days, with levels on that route pegged at $435,000 lump sum Friday morning, according to S&P Global Platts data.
London (Platts)--17 Aug 2018 608 am EDT/1008 GMT
Libyan crude oil output has risen above 1 million b/d for the first time in two months, but many shipowners remain wary about transporting Libyan cargoes due to security concerns and these stems are attracting a hefty freight premium as a result, sources said Friday.
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IMO 2020 – Tough new environmental regulations will soon hit the shipping industry
Tough new environmental regulations will soon hit the shipping industry. The IMO 2020 sulfur cap and Ballast Water Treatment rules look set to cause massive disruption, and the continued implementation of worldwide Emission Control Areas (ECA) present fuel buyers and suppliers with new fuel choices, prices, equipment, logistical issues and quality challenges.

The Barrel Blog

June 08, 2018
Attendance was greater than ever at the IATA Fuel Forum in London. Ease of location was no doubt a factor, with fuel procurement teams flying in to London from all over the world. However, another factor is the current robust health of the airline industry... for now at least.
May 04, 2018
As LIBOR increases, stresses on shipping industry balance sheets, cash flows and earnings also rise. With rates still at relatively low levels in historic terms, further increases are likely, and for a highly capital-intensive sector like shipping, this will undoubtedly weigh heavily on already debt-laden companies.
April 20, 2018
A decade has passed since the 2008 dry bulk freight rates began a long downturn which coincided with the Financial Crisis and culminated with a historic low in January 2016.
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Younger generation of shipping executives reconsider scrubbers ahead of IMO 2020
June 20, 2018
- Among shipowners looking at how to cope with tighter marine fuels sulfur limits in 2020, the use of scrubbers to clean their emissions on board has been seen as a niche solution for the past few years. We look at how and why scrubbers might be becoming more popular.
World's biggest industry will be slow to change, ex-BP chief says after Pope meeting
June 15, 2018
- Following a meeting of energy chiefs with Pope Francis in the Vatican, Britain's Lord Browne, former CEO of BP and current executive chairman of L1 Energy, tells S&P Global Platts that change in the world's biggest industry, oil and gas, will be a slow process.
Iran, global maritime security and the US role in policing international waters
May 29, 2018
- US Navy Admiral Jonathan Greenert, the Chief of Naval Operations from 2011 to 2015, talks Iran, global maritime security and the US role in policing international waters. (Part 1 of 2.)
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Freight methodology

Published November 2014

Platts assesses open market rates for the chartering of dirty tankers, clean tankers and barges.

Freight methodology

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