Stolt-Nielsen’s 3Q26 core figures were in line with consensus but somewhat below our estimates, as higher bunker costs absorbed stronger spot rates. While the Middle East conflict has sent crude and product tanker earnings soaring, chemical tankers have captured only...

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Fujairah’s fuel oil stocks have averaged 5% higher in the first week of October than across September, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows. Changes in monthly average Fujairah stocks from September to October (so far): • Heavy distillate...

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Fierce competition is unfolding between South Korea and China in the market for large liquefied natural gas (LNG) carriers, which represent high value-added vessels. As China initiates a pursuit by putting forward a volume offensive through shipyard expansion and the...

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US crude exports remained elevated at 3.5 million b/d in September, edging up from 3.4 million b/d in August, according to S&P Global Commodities at Sea(opens in a new tab) data, but well below the May peak of 4.4 million b/d. South Korea was the largest single...

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LR2 The TC1 75kt MEG/Japan index decreased by only a single point this week to WS928. The corresponding Baltic round-trip TCE fell by $2,000 to $267,600/day. For the TC20 90kt MEG/UK-Continent run the index increased by $1.03 million to $18.40 million, corresponding...

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