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merchant shipping
Adam Barnes, Sales Director, Genscape Vesseltracker
September 01, 2015
Merchant shipping is the lifeblood of the world economy, shipping around 90 percent of the world’s trade. Little known however, is the scale of exposure and visibility available for tracking these shipments on vessels when a natural disaster occurs. For example, when the tsunami hit...
oil storage
Hillary Stevenson, Marcus Waldner & Dylan White, Oil Analysts
August 27, 2015
U.S. crude benchmark pricing hit a new six-year low each day of the trading week last week, settling below $41/bbl on August 21, 2015. Meanwhile, stocks piled up across the U.S. Midcontinent and Western Canada. As refinery maintenance season begins, these excess barrels may seek a home near refining...
crude oil production
Jodi Quinnell, Oil Product Manager, Genscape
August 20, 2015
A glut of crude oil supply has persisted and has pushed crude prices down to the lowest levels since the previous trough in March 2015. After five straight years of increasing production, the market is eagerly awaiting signals of slowing and decreasing crude production. Genscape believes that production hit...
AIS Satellite
Adam Barnes, Sales Director, Genscape Vesseltracker
August 17, 2015
What is AIS? AIS stands for "Automatic Identification System" and was introduced by the International Maritime Organization (IMO) to improve maritime traffic safety. The system is already part of the equipment requirements for Safety of Life at Sea (SOLAS) and is mandatory for vessels...
Mark Deverill, Director, Maritime Data, Genscape Vesseltracker
August 14, 2015
Working in any profession that deals closely with ships, one quickly realizes that there are actually several different ways of measuring the size of ships. Often a ship’s size is quoted by the “tonnage,” but which tonnage? How is it measured and what does it mean?...
Colin Halling & Amir Bornaee, EMEA Oil Analysts
August 13, 2015
Crude tankers that are set to unload at the Chinese port of Tianjin are seemingly continuing to the port unaffected by the explosion there on August 12, 2015, according to AIS data monitored by Genscape Vesseltracker. However, this may still be subject to change as cargo holders assess any...
oil refinery
Brian Busch, Director, Oil Market & Business Development
August 12, 2015
On Sunday, August 9, 2015 at 3:14PM EST Genscape issued an alert that the 240,000 bpd Crude Distillation Unit (CDU) and the associated Vacuum Distillation Unit (VDU) at BP's 405,000 bpd Whiting, IN, Refinery had shut. On Monday, August 10, 2015, news outlets confirmed...
mid continent pipelines
Ryan Saxton, Oil Transportation Manager & Hillary Stevenson Oil Market Analyst
August 12, 2015
The Enterprise Product Partners-operated 450,000 bpd Cushing, OK,-to-Jones Creek, TX, Seaway Twin crude pipeline remained down as of 1:00PM ET on August 12, 2015 after being shut on August 11, following the recent shutdown of Enbridge Energy Partners’ 193,000 bpd Spearhead and 600,000...
Corn fields
Ken Copenhaver, Senior Director, Engineering, Ag & Biofuels
August 12, 2015
On August 10, 2015 at 3:00PM EDT, Genscape hosted a webinar for LandViewer clients, ahead of the August 12 USDA Crop Production Report, to offer them Genscape's position on the current U.S. corn crop. Expectations among many analysts groups, including industry leaders FC Stone and Informa (...
oil storage
Hillary Stevenson, Analyst, Oil Markets & Business Development
August 10, 2015
U.S. crude storage capacity utilization may once again become limited during the Fall 2015 refinery turnaround season on the back of higher-than-ever storage levels and continued production. Up to 435,000 bpd of excess crude may flood the U.S. Midcontinent market during September and October 2015, as...