Floating storage

North West Europe
In Northern Europe, the aggregate volume of crude oil floating around remains flat compared to last week at 10 million barrels.
  • Suezmax’s Gener8 St. Nikolas and Almi Galaxy, carrying each a cargo of 1 million barrel of Troll Blend, are anchored at St. Brides Bay and sent Milford Haven as next destination.
  • VLCC New Success and Aframax Alfa Baltica – which loaded respectively 1.5 million and 700,000 barrels of Forties – are still floating at Dunbar anchorage. Both vessels have sent “For Order” as ETA raw signal.

Western Africa
  • Suezmax Aleksey Kosygin which has loaded 850,000 barrels of Bonny Light on 30-Nov is on its way to Durban, ETA 30-Dec.
  • VLCC’s Maersk Hayama and Front Kathrine loaded approximately 2 million barrels of Saturno crude and are respectively heading to Cape of Good Hope. Final destinations are still unknown.
Iran floating storage has dropped this week to 17.2 million barrels after reaching a high record this year at almost 40 million barrels in October.
  • VLCC Amber, which has set Mangalore as final destination (ETA 31-Dec), is carrying a cargo of 2.09 Mb of crude oil.
  • VLCC Deep Sea left Iranian floating storage with a volume of 2.04 Mb. The vessel has anchored at Fujairah and has not provided a final destination yet.
  • VLCC Helm will discharge 2.12 Mb at Daesan on 21-Jan according to its raw ETA.

Grey background denotes vessels which were reported as floating storage last week and have discharged or signaled a final destination since.



Aframax Alicante loaded a 600,000 cargo of Es Sider crude on 22-Dec and is currently offloading at Falconara. This is the first vessel to load at Es Sider in 2 years as Libya’s biggest export terminal had been shut due to a blockade by a military faction since 2014. Previous load has been made by the Aframax Seadelta on 28-Oct 2014.

Suezmax Minerva Georgia will be the second vessel to load this year at Es Sider terminal. It is expected there on 29-Dec as per its ETA raw signal.