The most significant aspect of the North American unconventional crude oil renaissance is the variety of crudes produced; the Canadian oil sands supply heavy crudes and US shale reserves supply light crudes. Because of the assortment of crudes available from unconventional plays, increased North American production has displaced a wide range of foreign crudes, which has led to a restructuring of long-established trade routes.
Canadian exports to the US have had a considerable impact on the global supply chain and we project that this phenomenon will escalate through 2019. Canada is a net exporter of crude oil and as productivity ...
Tanker Market Commentary
Dec. 19, 2014
Clean East | Interesting week as we saw the AG and Southeast Asia market firming up, especially on the LR1s and MRs. Possibly due to forward fixing due as we approach the Christmas holiday. The North; however, is seeing signs of decline; seeing ships South China ballasting towards the South, not a common sight in a while.
Tanker Market Commentary
Dec. 18, 2014
Clean East | There's activity being seen in the AG market and rates are remaining stable. LR2s are being fixed at 75,000 x WS 99-100 levels. LR1s are firm and MRs are tight on the tonnage list. Activity in the Southeast was elevated with a flurry of fixtures fixed in the last decade of December. The North is still very soft on the lack of activity.
Tanker Market Commentary
Dec. 17, 2014
Clean East | The marketing is becoming increasingly quiet as the holiday season approaches. Owners are looking for cargoe that will keep them busy through the season. The Southeast market is a bit more busy with promptish fixing, but the list is long for end December onwards. The North is still very quiet and rates should start to fall.
Lloyd's List Names McQuilling Partners #5 on Top 10 Brokers List
Dec. 15, 2014
In its fifth edition of the "Top 100 Most Influential People in the Shipping Industry," Lloyd's List named McQuilling Partners President and CEO, John Schmidt, number five on the Top 10 Brokers List.
Tanker Market Commentary
Dec. 12, 2014
Clean East | The market in the AG has ended on a soft note as the recent pre-holiday activity has done little to hold the market. It will likely be quiet until the end of December. The North and South are also soft as well.
Tanker Market Commentary
Dec. 11, 2014
Clean East | The undertone of the AG market continues to be soft, but there is some activity being seen. The list in this region though, is still long. The South market is also under pressure due to a long list and rates are fixing lower than last done. The North is still stable, but sentiment is skewed more toward the soft side.
Tanker Market Commentary
Dec. 8, 2014
Clean East | The AG market is more active as we start the week, but the tonnage list is long, so sentiment is soft. MRs are looking stable in the region. The Southeast tonnage list is also still long and rates are softening here as well. Seeing much of the same in the North.
Tanker Market Commentary
Dec. 4, 2014
Clean East | AG market is still quiet on the big ships and lower rates are being seen on the LR1s. MRs are still active in that region and rates are holding steady. The Southeast segment is getting softer due to a longer tonnage list. The Far East market is still active and holding steady.
Tanker Market Commentary
Dec. 2, 2014
Clean East | The AG market is continuing to lose steam and with limited activity, rates are softening. With a long tonnage list in the Southeast, that market is also softening. The Far East is still active, but with a balance tonnage list, we may not see rates go any higher.
