Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2013-02-11/seaborne-crude-trade-seen-falling-in-2013-by-maritime-strategies

Bloomberg News

Seaborne Crude Trade Seen Falling in 2013 by Maritime Strategies

February 11, 2013

Seaborne trade in crude oil will decline 1.3 percent this year, led by shrinking supplies from the Persian Gulf, according to Maritime Strategies International Ltd., a London-based freight forecaster.

Imports to the U.S., the world’s largest buyer of overseas crudes, are being curbed by rising domestic oil production, Maritime Strategies said in a Feb. 11 report. Rates for the largest tankers won’t significantly recover from a slump unless there’s “much more scrapping,” the forecaster said.

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus