Amid crisis all over the world, OPEC tanker fixtures decline

With the Libyan crisis agrevating throughout the month February, OPEC spot fixtures declined by 0.96 mb/d or 8% in February from the previous month. According to the latest monthly report by OPEC, Middle East to West fixtures registered the only gain of 12% in February compared to the previous month. Preliminary data showed that February OPEC sailings increased by 1.2% supported by higher Middle East loadings. On an annual basis, OPEC sailings in February indicated an increase of 3%. Estimated data indicates that arrivals at major destinations in the world increased slightly in February from the previous month. Europe and Far East arrivals registered gains of 8% and 7% respectively, in February, compared to the previous month. North America arrivals declined by 6% in the same period. On an annual basis, Far East arrivals indicated the highest increase of 9% in February, while North America arrivals declined by 1%.
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Source: Hellenic Shipping News