4 ms·
Good speculation. Oil tankers are carrying a fungible commodity, whereas container ships often have specific goods that need to be delivered at specific times.
by function_seven 10y ago
Good speculation. Oil tankers are carrying a fungible commodity, whereas container ships often have specific goods that need to be delivered at specific times. Seems like if you can deliver a few days late to a depot that has plenty of buffer storage, you're good to trade/sell your canal appointment with someone who needs it now and save some cash.
- rando18423 10y agoEvery energy commodity purchase contract and charter party has strict time allowances, after which the charterer can get hit with faaat demurrage fines, so good speculation but not correct
- dredmorbius 10y agoHow does that explain the current fleet of idled offshore storage tankers then?
- rando18423 10y agoThey were chartered on time charters and they're sitting outside the demand centers appropriate to whichever contract they sold forward to lock in the gains.
- dredmorbius 10y agoAny source on that?