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It is probably a fair and terrible assumption that others have thought of this already and that, in fact, tanker ships are filling up all over the place right n
by core-questions 7y ago
It is probably a fair and terrible assumption that others have thought of this already and that, in fact, tanker ships are filling up all over the place right now. Statistically, this means we're more likely for a spill, somewhere.
- fennecfoxen 7y agoThe Wall Street Journal writes today: "Lease rates have soared for very large crude carriers, the 2-million-barrel high-seas behemoths known as VLCCs. The average day rate for a VLCC on a six-month contract is about $100,000, up from $29,000 a year ago, according to Jefferies analyst Randy Giveans. Yearlong contracts are about $72,500 a day, compared with $30,500 a year ago. Spot charter rates have risen sixfold, to nearly $150,000 a day. Day rates rise as the spread between oil-futures contracts widens. The basic math is that every dollar in the six-month spread equates to an additional $10,000 a day that can be paid for a VLCC over that time without wiping out all the oil-price gains, Mr. Giveans said." But there's plenty of Saudi oil going in as well. I'm not sure that they're materially more at risk of a major spill than during normal operations.
- ycombobreaker 7y agoOn top of raw counts, we'll surely discover that somebody is using a tanker "unfit for purpose" because of the high demand for tankers.