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July 02, 2015
Platts Marine
Marine News
Jul 2 2015 07:10:00 EDT

Norwegian Johan Fredriksen said Thursday he would merge two companies he controls, Oslo listed Frontine and Frontline 2012, that combined would create one of the world's biggest tanker groups....

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Jul 1 2015 22:25:00 EDT

Busy activity amid a tight market for the Asian Long Range II product tankers saw dollar per metric ton rates hit a seven-year-high at $38/mt on the key Persian Gulf to Japan voyage Wednesday, Plat...

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Jul 1 2015 16:06:00 EDT
Jul 1 2015 10:40:00 EDT
Jun 30 2015 22:36:00 EDT
Jun 30 2015 03:11:00 EDT
Jun 29 2015 03:53:00 EDT
Jun 26 2015 15:59:00 EDT
Jun 26 2015 11:13:00 EDT
Jun 25 2015 10:25:00 EDT
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Markets
Bunker fuel demand was mixed Thursday. In Singapore, traders said demand for ex-wharf bunker fuel was heard to slightly higher than Wednesday. Ex-wharf 380 CST bunker fuel was heard offered around $333-$336/mt during the Platts Market on Close assessment process. As crude began showing signs of inching higher, trades were heard done at $333/mt, and offers were heard pulled back, while bids were heard raised to $333-$333.50/mt. Front-month ICE Brent crude futures inched up 5 cents/b during the MO... Read the full story...
Sentiment was softer amid lower fixture rates in the Asian VLCC market, participants said Thursday. Some owners were heard resisting further discount on the back of balanced tonnage, said sources. "Considering the second decade positions are limited and while there are vessels available, there are not many owners [who can be considered weak], so I think the VLCC market is stable," said a VLCC shipowner source. "The VLCC rates are softening as re-let or [competitive] tonnage are in the market. Ow... Read the full story...
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Trends Fujairah 180 CST Fujairah 180 CST

Persian Gulf-Japan VLCC 265kt Persian Gulf-Japan VLCC 265kt

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