Poten's Weekly Opinion: Making Waves in The Pacific

Nov 11 2021


The Aframax trades in the Pacific are due for a change.

The Aframax crude oil trades tend to have a regional focus. Some of the most important trading areas for Aframaxes are the US Gulf/Caribbean, the North Sea/Baltic and the Mediterranean. Because Aframaxes are most competitive on short- to medium haul voyages, they are much less prevalent in the trades from the Middle East and West Africa, which tend to be dominated by VLCCs and Suezmaxes. The Pacific Basin is a bit of an outlier.

 

There are some regional trades within the Pacific, by far the biggest of which are the trades from Indonesia/Malaysia to other ASEAN countries and China. Other distinct trades are the voyages from Australia, Russia and the movements along the Pacific coast of North and South America. Let’s take a closer look at some of the Pacific Aframax trades and see if there are potential areas of growth.

 

Download The Weekly Opinion

 



Related News

Poten's Weekly Opinion: Pandemic Headwinds

(May 12 2022)

Lockdowns lead to oil demand slowdown.



Indonesia seizes tanker over palm oil export ban violation

(May 12 2022)

The Indonesian Navy has seized a tanker that was carrying palm oil out of the country in violation of an export ban. Indonesia, the world's largest producer of palm oil, prohibited its export to rein in skyrocketing domestic prices and shortages. ...



Tanker Sunny Liger heading for Gibraltar with Russian oil

(May 12 2022)

A controversial tanker carrying Russian oil is heading for Gibraltar.



EU drops plan to stop tankers moving Russian oil anywhere

(May 12 2022)

The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling.



Russian tanker stuck in Greece switches flag ‘to Avoid Sanctions’

(May 12 2022)

A Russian-flagged oil tanker stuck off the Greek island of Evia since April 8 has changed its flag, most likely to avoid EU and US sanctions on Moscow.



June July 2025

Tanker Operator Athens report - MEPC 83 explained - decarbonisation by Norwegian shipowners