Dealer bunker oil supertankers – FAZ – Frankfurter Allgemeine Zeitung

Dealer bunker oil supertankers – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Shell also apparently hoarding oil at sea.
     

 
                                           
 
 
     
     
     
         
         
                                                             

The global oversuppl y of cheap oil brings the industry retailers for unusual ideas: In the hope of future recovery in prices, rent, according to industry sources being reinforced supertanker in to the commodity be stored only once on the high seas. The companies include some of the largest independent oil trader Vitol and Trafigura, based in Switzerland, but also the energy company Shell, as the news agency reported, citing shipping and freight brokerage community.

                         
         
         
                                                             
                                 

Vitol about booked according to the information using the “TI Oceania” one of the biggest supertanker ever, has a capacity of three million barrels, which are almost half a billion liters. Trafigura secured wit h the “Nave Synergy” is also a mega-tankers and Shell booked with the “Run Xin Yang” and “Xin Tong Yang” two such ships.

                         
         
         
                                                             

According to the shipping lists the tanker costs in some cases significantly less rent than usual, as it is often the case of older ships and long-term leases of up to twelve months. According to the information the dealers were able to negotiate for rentals of less than 40,000 dollars a day, which is 20,000 to 30,000 dollars below the recent average.

                         
         
         
                                                                                                                                                                       

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The traders speculate on a rise in last up to half fallen oil prices. How much is a barrel of Brent North Sea leading to delivery end of 2015, eight US dollars more than the current on the spot market. There, the price had fallen on Wednesday at $ 49.66 a barrel, down not as deep as in 2009.

                         
         
         
                                                             

Overall, so far between twelve and 15 million barrels of storage capacity booked at sea, according to initial estimates. And there were other inquiries, reported from the shipping circles. The last oil price collapse of 2009, there had been more than 100 million barrels of storage capacity at sea. According to analysts at JBC Energy in Vienna storage there could at least temporarily stabilize the price of oil in the markets.

                                                                              
 
  

 
 
 
                       

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Waiting for higher prices

Dealers bunker oil supertankers

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oil is not as cheap as long. No reason to be happy for large retailers such as Shell: Hoping to rebound in prices now they store the oil apparently strengthened at sea.
  

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