Four tankers have been booked so far to load 420,000 metric tons of crude oil in Libya this week, according to data from Poten & Partners Inc.
The ships have been chartered to pick up the equivalent of about 3.1 million barrels, compared with about 2.7 million barrels booked to load on four vessels last week, the New York- based shipbroker’s figures show.
Oil exports from Libya, the holder of Africa’s largest reserves, ceased amid the uprising that ousted now-deceased Muammar Qaddafi as national leader this year, helping crude futures in London rise to $127.02 a barrel in April. Libya’s crude output will return to pre-conflict levels in the third quarter of next year, the country’s oil minister said Dec. 14.
The following table shows weekly charters for crude cargoes from Libya, according to Poten. Cargo size is expressed in metric tons.
Ship name Load Date Destination Cargo Size Nell Jacob Dec. 25 China 130,000 Unknown Dec. 30 Spain 80,000 Kornati Dec. 30 Spain 80,000 Total (week ending): Dec. 31 290,000 Torm Ingeborg Dec. 20 Northwest Europe 80,000 Asahi Princess Dec. 20 Mediterranean 80,000 Princimar Promise Dec. 21 Asia 130,000 SKS Skeena Dec. 24 Northwest Europe 130,000 Total (week ending): Dec. 24 420,000 Total week to Dec. 17 370,000 Total week to Dec. 10 320,000 Total week to Dec. 3 450,000 Total week to Nov. 26 370,000 Total week to Nov. 19 240,000 Total week to Nov. 12 210,000 Total week to Nov. 5 160,000