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Re: polkamatic post# 922

Sunday, 01/18/2009 12:15:12 PM

Sunday, January 18, 2009 12:15:12 PM

Post# of 1210
Crude Tankers,

A recent report on Tanker routes around the world pointed out that the current trend in U.S. Crude imports which originated in the Western Hemisphere has been decreasing. Especially the short term routes of Mexico and Venezuala.

Since they are also prediciting quite a few cancellations of newbuilding contracts on tankers and the Contango storage situation it all bodes well for World Spot rates.

Even with the majors reluctance to book single hulled tonnage the rates on those tankers are good too.

These new trends in the trade routes for crude are looking like a long term trend also. This bodes very well for companies like FRO, NAT, OSG and Teekay.

Part of the reason for this trend is the decline in Mexican domestic production along with U.S. in a similar situation.

Canadian imports have risen but only modestly .

Good day..!!!

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