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THE Tanker [ship] Thread (merged)

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Supertankers going in circles, waiting for price to rise

Unread postby Serial_Worrier » Thu 15 Jan 2009, 20:29:35

This doesn't make sense, the tankers have limited fuel. They can't idle around forever.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby 3aidlillahi » Thu 15 Jan 2009, 20:35:02

Serial_Worrier wrote:This doesn't make sense, the tankers have limited fuel. They can't idle around forever.

I don't think that they consume much. Water transport is very energy friendly - even for supertankers.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby ReverseEngineer » Thu 15 Jan 2009, 20:38:01

3aidlillahi wrote:
Serial_Worrier wrote:This doesn't make sense, the tankers have limited fuel. They can't idle around forever.
I don't think that they consume much. Water transport is very energy friendly - even for supertankers.

It seems to me that lots of Super Tankers puttering around with Full Tanks and nowhere to go would be Sitting Ducks for Pirates.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby outcast » Thu 15 Jan 2009, 20:46:21

Serial_Worrier wrote:This doesn't make sense, the tankers have limited fuel. They can't idle around forever.

They have a very large fuel capacity, and since most of them are just sitting there they can turn off the engines for long periods of time.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby Serial_Worrier » Fri 16 Jan 2009, 02:43:26

ReverseEngineer wrote:
3aidlillahi wrote:
Serial_Worrier wrote:This doesn't make sense, the tankers have limited fuel. They can't idle around forever.
I don't think that they consume much. Water transport is very energy friendly - even for supertankers.
It seems to me that lots of Super Tankers puttering around with Full Tanks and nowhere to go would be Sitting Ducks for Pirates.

RE - there is no reason that piracy should be limited to Somalis.

*hint hint* doomers need their own private crude supply...
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Re: Supertankers going in circles, waiting for price to rise

Unread postby spiritof1976 » Fri 16 Jan 2009, 04:24:08

I'll bring the speedboat, you bring the AK47s. Let's bag us an oil tanker. 8)
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Re: Supertankers going in circles, waiting for price to rise

Unread postby Ayoob » Fri 16 Jan 2009, 06:07:53

Circling the ocean, waiting for the price to rise? Sounds good to me. Why not? If it was my tanker, that's what I'd be doing.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby ROCKMAN » Fri 16 Jan 2009, 06:56:42

I can't verify the validity but I saw a report a couple of weeks ago regarding cost for floating storage. With the drastic drop in tanker fees the current cost for the largest ships was $0.50per barrel per month. I don't recall but this proably doesn't include a fuel surcharge. If correct and one sees a $10 price jump in 6 months or so then you'll catch a $14 million profit on a 2 million barrels load.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby highlander » Fri 16 Jan 2009, 10:48:06

Now a couple of the big banks getting US taxpayers money to "bail them out" are looking for a bunch of tankers to hold their oil until t he prices go back up. So the speculators are back at it, this time with our money. ARRRRRRRR
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Re: Supertankers going in circles, waiting for price to rise

Unread postby ROCKMAN » Fri 16 Jan 2009, 13:27:19

In the oil patch we would call them "promoters". They risk other people's money to make their profit. At least speculators risk their own money .
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Re: Supertankers going in circles, waiting for price to rise

Unread postby Serial_Worrier » Fri 16 Jan 2009, 15:09:47

I hope the crew have a big supply of fresh water and beef jerky.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby jamest » Fri 16 Jan 2009, 21:13:51

ROCKMAN wrote:In the oil patch we would call them "promoters". They risk other people's money to make their profit. At least speculators risk their own money .

Not exactly. A promotor generates potential value, and then seeks investors to realize the potential. These banks are using the government to confiscate other people's money, and then using the money to take advantage of the same people whose money was confiscated.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby ROCKMAN » Fri 16 Jan 2009, 21:55:01

james,

You've dealt with a better class of promoters then I have. Some of those slim balls make our current crop of bankers look like saints.

But your right. In the end, a crook is a crook. The only difference is the size of the theft.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby bratticus » Wed 21 Jan 2009, 16:49:36

Drop in crude tanker demand

Maritime
January 19, 2009

DEMAND for crude tanker shipping is expected to contract by 13% this year as the Organisation of Petroleum Exporting Countries (Opec) cuts oil production.

... skip ...

It said this would reflect an excess supply of 47.8 million dead weight tonnes (dwt) or 160 very large crude carriers (VLCC).

The Baltic Dirty Tanker index (BDTI) could fall as much as 51% year-on-year (y-o-y) to just 750 points or lower.

The BDTI is the average rate on dirty tanker routes. Large tankers generally carry “dirty” (black oil or crude oil) cargo as opposed to clean tankers that ship refined products such as petroleum, diesel fuel, jet fuel or chemicals.

The most recent cut in Opec production quota by 2.2 million barrels per day came into effect on Jan 1 but most likely had not been implemented in full, suggesting that tanker rates would see more pressure ahead, the report said.

“We conclude that Opec production cuts alone are enough to force VLCC and suezmax tankers demand for this year to fall as much as 13% y-o-y, while aframax tanker demand could fall by 9% y-o-y,” it said.

... snip ...


A bunch of stuff about overproduction of tankers too.
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Tanker attacked in Nigeria

Unread postby wisconsin_cur » Wed 21 Jan 2009, 19:19:41

Link
Armed men in speedboats have abducted a Romanian crew member after an attack on an oil tanker off Nigeria's southern coast, security sources say.

The MT Meredith, loaded with 4,000 tonnes of diesel, was badly damaged in the attack early on Wednesday.

"The ship called for assistance as its engine and superstructure were reported to have been seriously damaged," a private security source, who asked not to be named, said.

The Movement for the Emancipation of the Niger Delta (Mend), which wants greater autonomy for the region, claimed that an "affiliate group" carried out the attack.

"This recent attack should send a clear message to the oil companies that even with the four Mantra class seaward defence boats and two Augusta helicopters acquired by the navy, the only thing that can stop attacks is justice," a Mend statement said.

"Mend is in touch with the group and will ensure the abducted man is released unharmed at the earliest convenience."
Last edited by Ferretlover on Sat 21 Mar 2009, 17:22:26, edited 1 time in total.
Reason: Merged with THE Tanker Thread.
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Re: Tanker attacked in Nigeria

Unread postby idiom » Wed 21 Jan 2009, 22:49:14

"Mend is in touch with the group and will ensure the abducted man is released unharmed at the earliest convenience."


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Re: Tanker attacked in Nigeria

Unread postby PrairieMule » Fri 23 Jan 2009, 01:03:50

Sound's like some Nigerian got a serious case of the mondays.

This recent attack should send a clear message to the oil companies that even with the four Mantra class seaward defence boats and two Augusta helicopters acquired by the navy, the only thing that can stop attacks is justice," a Mend statement said.


I'm going to take a wild guess and say the protection was handled by the Nigerian Navy. This stuff happens daily and the drama plays out the same every time. The armed forces are bribed for protection because non-nigerians cannot carry weapons. Then when MEND charges the soldiers drop their weapons and run. This is followed by a short term kidnapping. Dad kept two grand in his wallet at all times while he was in Nigeria. The standard shakedown runs $200-500 dollars for a Nigerian official and twice as much for Ijaw brigands. If you don't have it off you go in the strange boat to be ransomed. I lived with the fear I'd get a phone call saying Dad was kidnapped for almost 10 years. I'm so glad he's working in Gulf of Mexico now.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby Interfector » Fri 23 Jan 2009, 16:53:44

I wonder if the Somali naval wealth redistribution unit will capitalize on this opportunity as well.
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Re: Supertankers going in circles, waiting for price to rise

Unread postby Boris555 » Fri 23 Jan 2009, 23:52:57

Interfector wrote:I wonder if the Somali naval wealth redistribution unit will capitalize on this opportunity as well.


How long will it be until a bored crew dresses up as Somali pirates and "hijacks" themselves for a cool couple million.

Hmmm...what's it take to become a tanker crewman?
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Re: Supertankers going in circles, waiting for price to rise

Unread postby copious.abundance » Thu 29 Jan 2009, 12:27:24

Someone's got some more supertankers he's offering to drive around in circles.

--> LINK <--
Shipping investor Nobu Su plans to offer his fleet of 20 supertankers to speculators to store crude and bet that prices will appreciate later in the year.

Su’s Taipei-based company, TMT Co. Ltd., will lease out its 2 million-barrel vessels at below-market prices in return for a share of any profit from the trade on the oil. His fleet, able to hold enough crude to supply Europe for two days, is available for immediate hire, he said.

[...]
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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