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Venezuela Awaits Trump's Move After Opposition Claims Fraud
https://www.bloomberg.com/news/articles/2017-07-31/venezuela-lauds-contentious-vote-result-amid-growing-violence
Venezuela's government, striving to legitimize President Nicolas Maduro's grab for control, said that more than 8 million people participated in a vote to rewrite the constitution even though polling places and streets were mostly empty and quiet.
The constituent assembly chosen Sunday will meet as soon as this week to discuss changing the charter rewritten under former socialist leader Hugo Chavez, who is still revered as the inspiration for the revolution that Maduro claims to lead. The opposition says the rewrite is meant to replace a critical congress and delay general elections.
Voters wait to cast their ballots in downtown Caracas on Sunday, July 30.
Photographer: Carlos Becerra/Bloomberg
National Electoral Council head Tibisay Lucena said late Sunday that more than 41 percent of the country's voters took part, for a total of 8.09 million people. That figure would surpass Maduro's own election results in 2013. The opposition said it estimated only about 15 percent took part, while Torino Capital said its exit polls showed participation of about 3.6 million.
Humberto Pelaez a 71-year-old cab driver, said he voted in central Caracas because he wanted to bring peace to his country, but that turnout was poor compared with previous years.
"Under Chavez, elections were a party," he said. "There's hardly anyone now. The government isn't governing for everyone."
Sunday's vote was a watershed moment in Venezuela democracy's slow crumbling. It prompted anger from the U.S. and other Latin American nations. With the constituent assembly installed, Venezuela is poised to become the world's newest dictatorship, with Maduro heading a country with vast oil resources, but a ravaged economy and riven society.
Attention now turns to whether the U.S. will fulfill threats to increase sanctions against individuals in the Venezuelan government or apply more painful restrictions that could curb the flow of dollars to the administration. The opposition called on supporters to protest in major cities Monday against the assembly and what they see as an increased crackdown by authorities. More than a dozen people died Sunday alone around the country as security forces clashed with demonstrators.
"I suspect the U.S. is strongly considering forcing economic collapse by halting the purchase of Venezuelan oil," said Brian Fonseca, a professor at Florida International University in Miami who specializes in Venezuela. He said that the ruling socialists would likely muddle through by further centralizing power. "It's not sustainable, but will continue for now."
Bets on a Venezuelan default are climbing. The implied probability of the country missing a payment over the next year has risen to 62 percent, according to Bloomberg data on credit-default swaps. That's the highest level since March 2016.
Investors' bets reflect international concerns about the nation's shaky political underpinning. The European Union "has grave doubts" about whether the election results can be recognized, spokeswoman Mina Andreeva said Monday.
Brazil, Colombia, Peru, Argentina, Chile and Panama issued statements saying they wouldn't recognize Sunday's vote, while U.S. ambassador to the United Nations Nikki Haley said she would not accept an illegitimate government.
'Step Toward Dictatorship'
"Maduro's sham election is another step toward dictatorship," she wrote in a post on her Twitter account.
After several months of protests against Maduro, about 110 people have died with thousands more injured and jailed, according to the public prosecutor's office. Maduro's six-year term would end in early 2019, although critics have speculated the constituent assembly could delay elections indefinitely.
Hermann Escarra, a constitutional lawyer who helped craft the country's current charter and is advising Maduro on attempts to rewrite it, said Friday that the assembly would convene Aug. 3 and quickly move to reorganize the public prosecutor's office. Its current head, Luis Ortega Diaz, has emerged as one of the staunchest critics of Maduro inside the ruling socialist party.
"I am confident that President Trump will respond swiftly and decisively," U.S. Senator Marco Rubio of Florida said in a statement Sunday. "I urge him to impose economic sanctions on the Maduro regime."
Sector-wide sanctions could prove devastating given the two countries' close economic ties and the dire state of Venezuela's finances. The U.S. buys about a third of Venezuela's crude production and is the main buyer that pays in cash.
Maduro was undeterred by U.S. threats of retaliation. Sunday's voting was monitored by a massive deployment of police and soldiers, and at many polling places, lines were filled with the elderly and pensioners.
The mood stood in stark contrast to an unofficial referendum the opposition organized two weeks ago to reject the assembly. Organizers said about 7.5 million voted that day. Crowds gathered to chant and sing against Maduro.
— With assistance by Fabiola Zerpa
Libyan Production Tops One Million BPD
http://www.petroleumafrica.com/libyan-production-tops-one-million-bpd/
The month of July has seen Libyan production top one million barrels. Currently the North African country is seeing flows of 1.069 million bpd, Reuters quoted a Libyan oil source as saying.
The figure is above a high of 1.05 million bpd reached earlier this month.
Libya's production levels have been on a rollercoaster ride ever since the civil war to oust long-time dictator Muammar Qaddafi. Over the past several months the country's production has seen a slow but steady increase.
VLCC route change seen as US exports surge
This year represents a unique time period, as OPEC takes on the responsibility of rebalancing global fundamentals in an effort to boost oil pricing.
These efforts along with favourable oil economics have supported an emergence of a new tanker trading route and the recovery of an existing one, both of which have provided some relief for VLCC owners operating in the Atlantic Basin in a depressed market, McQuilling Services said in an industry note.
The resurgence of US shale production coupled with higher Canadian output has considerably boosted crude supply within North America, allowing domestic US producers to expand their presence in distant export markets. This expanding supply has placed pricing pressure on WTI-linked grades, allowing them to become more competitive to Far East refiners.
Further analysis of the landed transportation costs shows the arbitrage opportunities Eastern refiners seek to increase profitability through US Gulf sourcing. A steady discount on the landed cost of shipping crude from the US Gulf to China on a VLCC versus barrels from West Africa was seen, averaging around $1.23 per barrel during 2017.
Export volumes out of the US Gulf to the East have surged with 24 VLCC cargoes making the trip year-to-date, compared to just seven in 2016, according to McQuilling's vessel position data. Through the first quarter of 2017, a 61% rise was seen in tonne/mile demand out of the US Gulf over 2016's full year average with notable expansion witnessed to both the Far East and Southeast Asia.
Exports continue to expand into new markets as the India Oil Corp (IOC) purchased its first cargo of US crude this month.
For the remainder of this year, McQuilling forecast US Gulf export volumes to remain relatively healthy on the back of rising crude production in the US and flat production growth in the Middle East. Specifically, the USG/Far East trade is projected to make massive gains in VLCC demand growing from 1.4 bill tonne/miles in 2016 to 73 bill tonne/miles in 2017. However, in the near-term there could be some downside risks stemming from rising supply in West Africa and a potential rebound of Middle Eastern exports.
Nigeria posted its first year-on-year increases in crude output in May and June this year, since 2016, indicating a recovery in upstream operations. This coupled with declining US crude inventories could place some pressure on the West Africa transportation premium and reduce the opportunity for US Gulf arbitrage flows to the East.
Compliance to the OPEC-led production cuts significantly declined in June, as total output rose and Ecuador publicly announced its inability to commit to the supply accord. A potential rebound in Middle Eastern crude supply could reduce regional benchmark pricing and induce refiners to source additional barrels.
Further to the south, a rebound in Brazilian crude production has been boosted by the addition of several FPSOs in the Campos Basin. Rising output continues to outpace local demand growth, expanding the crude surplus to over 900,000 barrels per day in recent months.
VLCC owners in the Atlantic Basin have enjoyed steady long haul cargo opportunities out of East Coast South America to the Far East with 42 voyages recorded thus far this year, compared with 29 in the same period of 2016. With just 48,000 barrels per day of additional refining capacity expected in Brazil this year, export volumes are likely to stay healthy. McQuilling said it remained bullish on Brazilian trades to the East.
Overall, VLCC demand from the EC South America is expected to expand by 6.6% this year with gains to the Far East and India offsetting slight declines to Southeast Asia.
Owners operating in the Atlantic Basin have found some relief in terms of better earnings, as the MEG suffers from lower export volumes and an oversupply of disadvantaged vessels. Year-to-date, the Brazil/East trade has seen earnings average $24,152 per day on a round trip basis, which when applied to the 79-day voyage, equates to about $1.89 mill in earnings.
The year-to-date average earnings for TD3 amounts to $1.19 mill for the round trip voyage, considerably lower than the Brazilian trade. Similarly, the MEG/China route has returned greater earnings for owners with the year-to-date average net revenue earnings pegged at $2.29 mill.
While activity along the MEG/US Gulf route has been reduced, in the event that an owner manages to fix on this trade, they will find improved earnings by triangulating MEG/US Gulf/China with year-to-date TCEs registering $29,918 per day of $6.1 mill for the 112 day voyage, McQuilling concluded.
Why record U.S. oil exports are poised for even more growth
A view of the Exxonmobil Baton Rouge Chemical Plant in Baton Rouge, Louisiana, U.S. on November 6, 2015.
https://www.reuters.com/article/us-usa-oil-exports-idUSKBN1AC0ER
U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways.
Last year, the U.S. became the world's top net exporter of fuel, an outgrowth of booming domestic production since the shale oil revolution started in 2010. That's a fundamental shift from the traditional U.S. role in global markets as a top importer and consumer.
Net exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the future growth prospects and profit margins of U.S. refiners.
Shale oil producers have provided refiners with abundant and cheap domestic crude supplies, giving them the raw material they need to produce internationally competitive fuel.
The nation set a record in 2016 by sending a net 2.5 million barrels per day (bpd) of petroleum products to foreign markets. That compares to net fuel imports of 2.3 million just a decade ago, according to U.S. government data.
Booming exports have bolstered margins at the biggest U.S. refiners - including Marathon Petroleum and Valero - and compensated for lack of strong growth this year in U.S. fuel demand.
Now, the government of U.S. President Donald Trump is seeking to deregulate oil and gas production to further leverage rising U.S. exports for international political gain - a policy Trump calls "energy dominance".
Surging U.S. crude production has already complicated the ongoing effort by the Organization of the Petroleum Exporting Countries (OPEC) to tame a global glut that has halved oil prices since 2014.
The United States remains a massive importer of crude oil - regularly trading the top spot with China - but American refineries now re-export much of that oil as jet fuel, diesel and gasoline.
The U.S. has a growing role in satisfying demand for motor fuel in countries such as Mexico and Brazil, where the thirst for U.S. fuel is likely to accelerate amid refinery outages and high production costs.
Refined U.S. exports are also going further afield to Asia, and diesel exports to Europe increased in June to levels not seen in nearly two years, traders have said.
Traditionally, oil traders, refiners and investors have considered U.S. fuel demand as one of the leading metrics for predicting international crude oil supply and price trends. Now, they are increasingly looking to foreign demand for U.S. fuel for guidance.
"Globally, you're going to have increased demand for all of our products, and so our focus will go beyond the U.S. borders," said Texas-based Valero's Chief Executive, Joe Gorder.
In contrast, he predicted a "slight decline" in U.S. gasoline demand over the next decade.
U.S. gasoline demand hit a record in 2016, as low pump prices encouraged consumption, but has leveled off this year. Rising fuel efficiency in cars is expected to limit future domestic demand growth.
Latin American Buyers
U.S. refined products are filling shortages in countries such as Mexico and Venezuela, where refineries have been running below capacity. U.S. exports have also made inroads into Brazil's market by undercutting the price of locally produced fuel.
Latin America's imports of U.S. fuels reached almost 2.5 million bpd in the first quarter compared with 2.32 million bpd in 2016. The growth was fueled by Mexico, Brazil, Peru, Venezuela and Central America, according to the U.S. Energy Information Administration (EIA).
Mexico - already the biggest export market for U.S. gasoline and diesel - is seeking higher-than-usual volumes in July and August to fill a void left by a fire at its biggest refinery last month.
In recession-scarred Venezuela, the country's largest refining complex has lowered operating rates this month to less than half of its 955,000-barrel-per-day capacity, a level that has required state-run oil company PDVSA to import more fuel to meet domestic demand.
Between them, Mexico and Venezuela have recently said they want to buy extra volumes of almost 19 million barrels in the second half of the year - mostly from the United States - an amount suggesting that U.S. exports will grow again this year over last year's record levels.
Net U.S. exports of transport fuels could rise 8.8 percent this year, according to PIRA Energy, an analytics and forecasting unit of S&P Global Platts.
In Brazil, fuel distributors have begun buying more U.S. imports because they are cheaper than fuel sold by state-run oil firm Petrobras.
Petrobras had failed to align its wholesale prices with international markets, opening a window for importers to bring fuel into Brazil.
Petrobras last month said it would peg its fuels more closely to international prices as it tried to slow the expansion of U.S. imports. Analysts said supply from U.S. refiners was unlikely to slow much.
Beyond the Americas
U.S. refiners have also boosted exports to Europe and Asia.
In Europe, U.S. shipments of diesel rose to nearly 500,000 bpd in June, according to traders, well above flows that have rarely exceeded 370,000 bpd since July 2015.
U.S. global distillate exports, including diesel, hit a record that month, said researcher ClipperData, which tracks global oil flows.
Exports of refined products to several Asian countries, including India, Japan and South Korea, rose to record levels in 2016, and China took a record 303,000 bpd of U.S. produced fuels in February.
U.S. refiners are likely to play in important role in meeting rising demand from Asia, said Nicole Leonard, senior project consultant at Platts Analytics Oil & Gas Consulting.
Analysts and traders expect U.S. refined products exports to continue to
Demand for U.S. fuels is underpinned by refinery challenges in neighboring countries, said Sandy Fielden, director of oil and products research for Morningstar Commodities Research in Austin, Texas.
"It doesn't seem that these Latin American countries are going to cure their refining problems overnight," he said.
Reporting by Devika Krishna Kumar in New York, Marianna Parraga in Houston; Additional reporting by Jarrett Renshaw
China June oil refinery throughput close to record
https://www.reuters.com/article/us-ford-results-idUSKBN1AB1H5
China's oil refineries ramped up throughput in June to the second highest on record, with some independent plants raising output even as state oil majors prepare to take drastic steps to cut production during the peak summer season.
Throughput last month reached 46.08 million tonnes, or 11.21 million barrels per day (bpd), a 2.3-percent rise year-on-year and up from May's 10.98 million bpd, data from the National Bureau of Statistics (NBS) showed on Monday.
That was just shy of December's record volume of 11.26 million bpd.
The higher throughput came after another month of strong crude oil imports and as top refineries prepared to cut output in the third quarter.
"Refinery runs were impressive considering that refinery maintenance was still heavy," said Nevyn Nah, analyst at Energy Aspects.
Independent refiners, known as 'teapots', raised their runs after receiving additional crude import quotas, while oil majors kept their throughput roughly flat year on-year, he said.
For the first six months, refinery production in the world's second-largest fuel consumer gained 3 percent from a year earlier to 275.21 million tonnes, or about 11.1 million bpd.
Upcoming cuts to production by the oil majors will not be as deep as many in the market expect, added Nah, because the planned cuts were from very high levels in the first quarter.
The NBS data on Monday also showed domestic crude oil output fell 2.3 percent last month versus a year ago to 16.21 million tonnes, or 3.94 million bpd, but up from May's 3.83 million bpd.
Output during the January-June period was down 5.1 percent on-year at about 3.89 million bpd.
Declines in China's crude oil output have slowed as major oil producers raised spending to boost production as oil prices stabilized in a $48-$55 per barrel range, and analysts have forecast flat or positive production growth for calendar 2017.
Natural gas output climbed 14.6 percent in June from a year earlier to 11.5 billion cubic meters (bcm), but marked the lowest level since October.
Natural gas production increased 8 percent from a year earlier to 74.1 bcm for the January-June period, the data showed.
China's gas consumption growth has been quickening since the start of this year after a nearly three-year lull, according to analysts, thanks to stronger demand from industrial and power sectors under a government push to wean them off their coal addiction.
Reporting by Cheng Fang and Dominique Patton. Additional reporting by Florence Tan in SINGAPORE; Editing by Joseph Radford
Belarus Central Bank Approves Blockchain Use For Bank Guarantees
https://www.coindesk.com/belarus-central-bank-approves-blockchain-use-bank-guarantees/
The central bank of Belarus has cleared the way for domestic banks to use blockchain as part of their processes of transmitting bank guarantees.
The move, revealed late last week by the National Bank of the Republic of Belarus, came as part of a wider initiative focused on the tech, which saw the central bank organize and oversee its own blockchain network through its Settlement Center. Notably, the National Bank indicated that its use of the tech was not related to digital currencies, clarifying that "at the same time, there are no any conceptual restrictions as to the areas of the blockchain use in the IT sphere".
According to a 19th July statement, a resolution on blockchain was issued earlier this month by the central bank, aimed at opening up the tech for use by Belarusian banks to issue bank guarantees, or promises to cover losses on debt.
The central bank went on to say:
"The new mechanism of maintenance of the register of bank guarantees will ensure the mutual access of the economic entities of the states being members of the Eurasian Economic Union to the procedures of the government procurements of goods (works, services)."
Next steps, the statement explained, include applications in the Belarusian stock market sector, including its over-the-counter marketplaces for securities.
"The implementation of the project will make it possible to organize this register on the qualitatively new level, that will create conditions for improvement of transparency and further development of the stock market in the Republic of Belarus," the central bank said.
Image Credit: svic / Shutterstock.com
Posted by Crude Oil Daily at 12:42 PM 1 comment:
US nuns oppose gas pipeline through 'holy' land
http://fluidhandlingmag.com/display_news/12637/us_nuns_oppose_gas_pipeline_through_039holy039_land/
Nuns based in Pennsylvania, US, are resisting plans to build a $3 billion pipeline for gas obtained by fracking through its land by creating a rudimentary chapel along the proposed route and launching a legal challenge, citing religious freedom, according to media reports.
According to the Guardian, the Adorers of the Blood of Christ order has filed a complaint against the Federal Energy Regulatory Commission (FERC) in a bid to keep the pipeline off their land. The nuns' lawyers argue in court papers that a decision by FERC to force them to accommodate the pipeline is "antithetical to the deeply held religious beliefs and convictions of the Adorers".
The Adorers, an order of 2,000 nuns across the world, have made protection of the environment central to their mission. The plan for the pipeline "goes against everything we believe in – we believe in the sustenance of all creation", Sister Linda Fischer, 74, told the Washington Post.
The 183-mile Atlantic Sunrise pipeline is "designed to supply enough natural gas to meet the daily needs of more than 7 million American homes by connecting producing regions in northeastern Pennsylvania to markets in the Mid-Atlantic and southeastern states", its website says.
Qatar Seeks to Open New LNG Markets with Floating Terminals
Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals.
Hoegh LNG, a developer of floating LNG import terminals, expects to start work on the import terminal project in a matter of months, CEO Sveinung Stohle told Reuters.
Stohle said Hoegh LNG and Qatar Gas Transport Company, which operates a large fleet of LNG tankers, are evaluating countries in which they could establish a floating terminal, naming South America and south-east Asia as attractive prospects.
Top LNG producer Qatar, which is in the midst of a diplomatic crisis that erupted when Saudi Arabia and other Arab states cut diplomatic and transport links with Doha in early June, faces tough competition for global market share as new suppliers from Australia and the United States ramp up exports.
The tiny Gulf state lifted a self-imposed moratorium on new production in April and this month caught rivals off guard by embarking on plans to boost LNG output by 30 percent to 100 million tonnes a year.
With large supply deals with Japan expiring early in the next decade, Qatar will need to stimulate fresh demand for its LNG.
"The whole strategy behind this agreement is to find new markets for Qatari LNG," Stohle said.
The country's LNG producers Qatargas and Rasgas are not directly involved in the deal.
The terminals, which are also known as floating storage and regasification units, are useful for developing countries seeking access to cheap gas on tight budgets.
Floating LNG terminals have shaved years off the time needed for new customers to access supply and are also cheaper than traditional land-based facilities.
A near 70 percent drop in spot LNG prices since February 2014, owing to falling Asian demand, is attracting poorer countries that had previously been excluded from gas trading.
A total of 40 floating import terminal projects exist in varying stages of development across the globe. Hoegh LNG operates seven and has a further three on order from shipyards, Stohle said.
"We have drawn up a list of different potential projects that we will look at in detail," he said, adding that any new projects with Qatar's LNG shipping company will require new terminals to be built.
https://www.tankterminals.com/news_detail.php?id=4483&utm_medium=email&utm_campaign=Subscribers%20-%20Week%2030&utm_content=Subscribers%20-%20Week%2030+Version+A+CID_cbbdc510c0f25ba47d4b63aec4dc9f28&utm_source=Weekly&utm_term=Qatar%20Seeks%20to%20Open%20New%20LNG%20Markets%20with%20Floating%20Terminals
Port Corpus Christi Approves Lease Agreement for 41 Acres on Inner Harbor with Howard Energy Partners
The Port of Corpus Christi announced the approval of a long-term lease agreement with Maverick Terminals Corpus LLC, a subsidiary of Howard Energy Partners. The 30-year lease agreement was approved unanimously by port commissioners for approximately 41 acres of land on the north side of the Corpus Christi Ship Channel in the Inner Harbor.
With the expansive growth in both Eagle Ford and Permian Basin productions and the growing global energy demand in general and in particular in Mexico, Corpus Christi is fast emerging as the Energy Port of the Americas. As the largest refining center in close proximity to Mexico Corpus Christi continues to see large investments in supporting the transportation of US energy to Mexican consumers. Howard Energy Partners, a full-service midstream company based in San Antonio, has emerged as a strong player in the energy space and continues to demonstrate leadership in developing projects on both sides of the border.
Howard Energy Partners plans to design, construct, and operate a rail terminal, and a petroleum and petroleum products storage facility on the leased property. Further, Howard Energy Partners intends for this facility to connect with its proposed Dos Aguilas pipeline to Monterrey, Mexico. As part of the lease agreement terms the Port of Corpus Christi Authority will design and construct a new oil dock, Oil Dock 20.
The Oil Dock 20 facility will initially serve Mexico's transportation fuel demands by rail with an estimated target of at least two to three unit trains per week. Once the Dos Aguilas pipeline is permitted, constructed, and in-service, significantly more volume is anticipated. Further, the Oil Dock 20 is targeting crude exports to international markets and will have Suez-max capability.
"Port Corpus Christi has secured its position as the number one crude oil export port in the United States. This major investment from Howard Energy Partners represents a shining example of why the Port of Corpus Christi is the Energy Port of the Americas,"said Charles W. Zahn, Chairman of the Port Corpus Christi Commission.
"This lease marks a strategic and significant expansion of our terminal network, not only for refined products but for crude oil. We are excited about the opportunities for further development, and look forward to continuing to expand our relationship with the Port of Corpus Christi," said Brad Bynum, Howard Energy Partners Co-Founder and President.
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Crude Oil Price Update – Investors Squaring Positions Ahead of Meeting; $46.81 Trigger Point for Breakdown
https://www.fxempire.com/forecasts/article/crude-oil-price-update-investors-squaring-positions-ahead-of-meeting-46-81-trigger-point-for-breakdown-423633
September West Texas Intermediate crude oil futures are trading slightly higher shortly before the cash market opening. The market is also trading inside yesterday's range, suggesting investor indecision and impending volatility.
After a bullish U.S. Energy Information Administration inventories report sent the futures market to its highest level since June 7 early Thursday, sellers came in to drive the market lower, producing a potentially bearish closing price reversal top.
Fundamentally, U.S. inventories fell across the board including crude oil, gasoline and distillates, but U.S. production continued to rise. Position-squaring ahead of the July 24 meeting in St. Petersburg, Russia between OPEC and non-OPEC producers led to the sell-off on Thursday. This news could hold prices in a range today.
Daily September West Texas Intermediate Crude Oil
The main trend is up according to the daily swing chart. A trade through $47.74 will negate the closing price reversal top and signal a resumption of the uptrend. A trade through $46.81 will confirm the closing price reversal top. This could trigger the start of a 2 to 3 day correction with $45.79 to $45.32 the primary downside target.
The primary upside target is a major retracement zone at $47.33 to $48.52. This zone is being defended by short-sellers.
Based on the current price at $47.13 and the earlier price action, it looks as if the tone of the day will be determined by trader reaction to yesterday's low at $46.81.
A sustained move over $46.81 will indicate the presence of buyers. This could lead to a test of the main 50% level at $47.33 and a long-term downtrending angle at $47.49. This is followed by the reversal top at $47.74.
The trigger point for a potential acceleration to the upside is $47.74. Taking out this level could generate the upside momentum needed to challenge the main Fibonacci level at $48.52.
A sustained move under $46.81 will confirm the closing price reversal top. This could trigger an acceleration into the short-term uptrending angle at $46.08. This is followed by the short-term retracement zone at $45.79 to $45.32.
VLCC Markets - Rate pressures continue
A week with very low VLCC charter volumes increased the pressure on rates resulting in softening on some routes.
The MEG August programme is about to start in earnest, but the tonnage list has grown considerably and charterers are ambitious, Fearnleys said in its weekly report.
WAfrica/East was in a similar position with rates down on the back of sluggish activity. There is no immediate crash on the horizon, but rates were under severe attack, Fearnleys said.
The Suezmax market developed a more steady note and settled into a summer mode with TD20 hovering around WS60. In WAfrica, end 3rd decade dates were mopped up by charterers during the latter part of last week.
Some aggressive charterers even reached out to early second decade August dates with low rate ideas and were successful in capturing tonnage at below last done for named voyages to the US Gulf.
It is hard to build a bullish picture for owners at present although is expected that WAfrican activity will pick up next week for 1st decade August and owners will be keen to reignite the sentiment flame if there is a flood of cargoes.
Fundamentals in both the Med and Black Sea are pointing to a steady week ahead but charterers will need to drip feed the market to keep enthusiasm at bay, as currently TCE rates are paltry at best.
There was very good Aframax activity in the North this week. Thus far, rates remain at last done, ie WS62.5 ex Baltic and WS90 for cross North Sea voyages.
However, owners are holding back a bit aiming for higher than last done in the current fixing window. We expect this market to gain a few points for end/early fixing dates, Fearnleys said.
Last week, an increase in Med and Black Sea activity was seen. The position list slowly became tighter and as such, owners managed to push rates into the low WS90s.
An increasing amount of Libya cargoes was a key-factor and this may continue into August. However, this alone will not be enough to keep rates firming. Expect the rates to flow between WS80s and WS90s, Fearnleys concluded.
In the charter market, timecharter rates were not very exciting. For example, brokers reported that SOLAL had fixed the 2003-built Aframax 'Atlas Voyager' for six months at $14,500 per day.
MRs fared little better with NORDEN reportedly fixing the 2007-built 'DL Cosmos' for 12 months at $12,750 per day and Litasco taking the 2012-built 'Grand Ace 12' for six, option six months at the same rate.
In the S&P market, brokers were circulating the 1998-built sister Aframaxes 'Moscow' and 'Moscow Kremlin' for sale for around $14.2 mill each.
Elsewhere, the 2003-built Aframax 'Seaborne' was thought to be on subs to Indonesian interests at $10.9 mill, while Pantheon Tankers was said to have purchased the 2011-built 'Phoenix Advance' for $28.3 mill.
The 2006-built MR 'PTI Volans' was believed committed to Island Navigation for $15.3 mill.
Reported leaving the fleet were the 1990-built Aframax 'Iron Monger 3' believed sold to undisclosed breakers for $340 per ldt on the basis of 'as is' Khor Fakkan and the 1997-built Aframax 'Bunga Kelana Dua' thought sold to undisclosed breakers for $398 per ldt, 'as is' Malaysia.
As for newbuildings, three Japanese companies were said to have ordered two Tier II MRs each at Hyundai Vinashin for $32 mill per ship on the back of long term charters to NORDEN.
OPEC Wrestles Over Oil Output While Top Importer's Demand Is in Peril
https://www.bloomberg.com/news/articles/2017-07-18/as-opec-wrestles-over-oil-output-top-importer-s-demand-in-peril
Oil bulls grappling with OPEC's weakened resolve to curb output are also having to worry about waning demand in the world's biggest buyer of overseas crude.
State-run China Petroleum & Chemical Corp., the globe's largest oil refiner, will process about 1 million metric tons a month less than previously planned over June to August, according to people with knowledge of the matter. That's because of weaker demand and increased competition from privately owned rivals, they said, asking not to be identified because the information is confidential. The reduction is equivalent to about 240,000 barrels a day.
While that's about 3 percent of China's total crude imports, the curbs are being implemented during the summer, when the nation's demand typically peaks just as it does in the U.S. Chinese drivers typically use more fuel as they crank up their vehicle's air-conditioner when the sun is out, but are turning to alternative modes of transport such as natural-gas fired cars amid efforts to cut pollution. Oil is still in a bear market as some OPEC members comply less with pledged output cuts.
"The oil market seems to have grown immune to news about OPEC output cuts, meaning supply-side stories that normally affect prices aren't having as much impact now," Gao Jian, an analyst with Shandong-based industry researcher SCI99, said by phone. "It's time to look over to the demand side. And on that front, with China's fuel demand weakening, it basically means oil may stay lower for longer."
U.S. West Texas Intermediate futures in New York traded up 0.3 percent at $46.55 a barrel by 11:22 a.m. London time, still more than 50 percent lower than three years earlier as a global market glut persists. Brent crude, the benchmark for more than half the world's oil, is languishing near $49 a barrel, compared with its 2014 peak of more than $115.
While the Organization of Petroleum Exporting Countries and its partners have an agreement to implement output curbs aimed at shrinking the oversupply and propping up prices, the International Energy Agency estimates that OPEC's compliance with the cutbacks fell in June to the lowest level since the deal started in January. Any sustained rebound in prices will hinge as much on continued growth in China as on reduced supplies.
Before the lower processing plan, China Petroleum & Chemical Corp. had a target to process about 20 million tons a month during summer. A Beijing-based spokesman for the company that's known as Sinopec declined to comment.
Gasoline demand growth in China, the world's biggest energy user, will average 95,000 barrels a day in 2017, "dramatically" below gains of 230,000-290,000 barrels a day of the prior two years, the Paris-based IEA said in a report on July 13. Meanwhile, passenger-vehicle sales in the first half dropped for the first time in at least 13 years.
"Fuel demand in China is being challenged by alternative transportation such as shared bicycles and natural gas fired cars," said Guo Yifan, an analyst at Shanghai-based Sinolink Securities. She predicted the use of shared bikes in big cities may replace 1.27 million tons of gasoline demand this year while natural gas cars have already displaced 22 million tons of fuel used in transportation in 2016.
The IEA last month cut its estimate for China's 2017 total oil demand growth by 4 percent to 385,000 barrels a day. The nation's apparent oil demand fell by 0.3 percent in April, with gasoline demand slipping by 6.3 percent, the first decline since September, according to data complied by Bloomberg.
"Summer in theory should be the peak consumption season," said Amy Sun, an analyst with Shanghai-based commodities researcher ICIS-China. "But we've seen weak gasoline demand since April as well as huge competition from teapots," she said, referring to the nation's smaller, independent refiners.
Operating rates at Chinese independent refineries rose to 65.14 percent in mid-June, the highest since December, according to data provided by SCI99. Sinopec raised its refining volume each year since 2005 until 2016, when the private processors started boosting operations armed with government approvals to purchase imported oil. Since May, Sinopec's fuel stations have offered a discount of as much as 2.3 yuan per liter in the eastern Chinese city of Zibo, Shanghai Securities News reported last month.
— With assistance by Sarah Chen
API Reports Unexpected 1.63 Million Barrel Inventory Build, WTI Oil Price Dips
http://www.economiccalendar.com/2017/07/18/api-reports-unexpected-1-63-million-barrel-inventory-build-wti-oil-price-dips/
The latest American Petroleum Institute (API) inventory data for the week ending July 14th recorded a build 1.63 million barrels after the draw of 8.13 million barrels last week.
Markets were expecting a draw of around 3.0 million barrels for the week with API reverting to the pattern of recording an unexpected increase in stocks.
Gasoline was reported as a draw of 5.45 million barrels following a draw of 0.8 million barrels the previous week. Distillate registered a draw of 2.9 million barrels after the build of 2.1 million barrels previously.
The fuel data had a significant impact in cushioning the market and offsetting the headline data, especially with optimism that the gasoline draw would help underpin refinery utilisation and support crude demand.
Cushing registered a build of 0.61 million barrels which was the first build in 15 weeks.
Oil prices secured net gains on Tuesday with eventual consolidation just below $46.50 p/b in WTI. Supply and demand factors were in relatively close balance with a weak dollar providing significant underlying support to prices during the day.
From around $46.45 p/b ahead of the release, prices very briefly moved higher to the $46.60 p/b level before reversing sharply to near $46.10 and consolidating around $46.25 in choppy trading conditions.
Wednesday's EIA inventory release will again have a significant impact with all metrics under scrutiny. The US Energy Department expected shale output to increase in August for the 8th successive month and markets will be expecting a further increase in weekly production.
scrutiny. The US Energy Department expected shale output to increase in August for the 8th successive month and markets will be expecting a further increase in weekly production.
Nigerian refineries produce 60% of the needed daily kerosene requirement
http://www.petroleumafrica.com/nigerian-refineries-reach-60/
Maikanti Baru, MD of Nigeria's NNPC, while speaking at the two-day Investigative Public Hearing of the House of Representative Committee on Petroleum Resources (Downstream), revealed that NNPC refineries were producing enough to supply more than 60% of the nation's daily consumption. The MD, who was represented by NNPC's COO, Downstream, Henry IkemObih, disclosed that the balance of three million liters of the needed kerosene was imported through private petroleum products marketers.
"The NNPC ensures that the entire refining output in Nigeria through its refineries in Port Harcourt, Warri and Kaduna and any products imported by it to make up for market supply-shortfalls meet the specifications of the Nigerian Institute of Standard (NIS) and Standards Organization of Nigeria (SON)," Dr.Baru said.
While NNPC maybe celebrating the 60% mark, if you check the blogs not a significant amount of congratulations is going on, with one blogger saying "there is always room for improvement….in my opinion 60% is considerably inadequate." Another blogger was unwilling to pat the company on the back either stating that the company would get a "thumbs up" when they reached 85%-90%.
Oil to Remain Global Vital Energy Source in Long Term: Saudi Aramco
Amin Nasser, CEO of Saudi Aramco
The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, Amin Nasser, CEO of Saudi Aramco, said this week.
He also said that the world cannot prematurely disengage from proven and reliable energy sources like oil and gas, and the falling investments in oil with $1 trillion already wiped out is cause for concern to global energy security. Deployment of alternative energies is complex and will take time as part of the world's long term energy transition, Nasser said.
Saudi Aramco produced a record 10.5 million b/d of oil in 2016 and plans to invest $300 billion over the coming decade, Nasser said.
At the World Petroleum Congress in Istanbul being held this week, Nasser reiterated in a keynote to heads of state, government ministers, and executives that new investments are necessary and crucial to ensuring global energy security. Nasser offered insights on the future of energy and how Saudi Aramco is transforming in the effort to meet new economic realities and industry demands.
Noting historic trends that saw a rise in absolute demand for legacy fuels despite a drop in market share, Nasser predicted in the next 25 years a doubling of the world economy, plus an additional 2 billion energy consumers, resulting in a lengthy energy transition that alternative sources such as renewables cannot adequately support.
"There's a growing belief that the world can prematurely disengage from proven, reliable energy sources like oil and gas, on the assumption that alternatives will rapidly deploy," Nasser said. "About $1 trillion in investments has been lost in the current downturn, concurrent to growing oil demand and the natural decline of developed fields. Conservative estimates suggest we need about 20 million [additional] barrels per day over the next five years to counter these effects."
The volume of conventional oil discovered around the world halved over the past four years, compared with the previous four, according to Nasser, leading to an investment shortfall and the start of a cycle that may inhibit a future energy transition.
Nasser identified three areas that can build resilience and discipline for the transition: available supplies, cost structure and portfolio integration, and emissions reduction.
Addressing supplies, Nasser said, "Saudi Aramco plans to invest more than $300 billion over the coming decade to reinforce our preeminent position in oil, maintain our spare oil production capacity and pursue a large exploration and production program centered on conventional and unconventional gas resources."
Portfolio integration is also important, as Saudi Aramco emerges as the world's largest and most integrated energy producer, according to the company. The company has identified refining and chemicals, among other areas, as key drivers of long-term value and growth.
Leveraging innovation and technology to make the use of oil and gas ultra-clean relates to Saudi Aramco's commitment to the Paris Agreement on climate, the company said.
"We aim to double our natural gas production to 23 billion standard cubic feet per day (scf/d) over the coming decade, and raise the share of gas in the kingdom's utilities to about 705, the highest of any G20 nation," Nasser said. "We have collaborated with many oil and gas companies to promote low-emission solutions, to include our commitment to the Oil and Gas Climate Initiative's $1 billion investment fund to develop and rapidly deploy those technologies."
Nasser also said that Saudi Aramco is prioritizing the direct conversion of oil to petrochemicals as a major part of its long-term strategic focus. The company is also investing in solar energy, having launched a phased program to build an initial renewable capacity of 9.5 GW by 2023.
While the industry can take pride in a history of significant economic contributions, it must adopt a future strategy calculated for the energy transformation, he added.
"Industry leaders and policy makers must develop an aligned and compelling narrative to attract the level of investments we need," Nasser said. "Part of that effort will be transforming our own business model to ensure that oil and gas are not just proven, reliable energy sources, but are as clean and affordable as possible, without compromising the world's energy security," he said.
Saudi Aramco is the state-owned oil company of Saudi Arabia. It said that it has proven conventional crude oil and condensate reserves of 260.8 billion bbl. Its average daily crude production is 10.5 million b/d, and it has stewardship of natural gas reserves of 298.7 trillion standard cubic feet.Headquartered in Dhahran, Saudi Arabia, with offices and operations throughout the kingdom, it employs more than 65,000 workers worldwide.Its subsidiaries and affiliates are located across the globe in Saudi Arabia, China, Egypt, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Kingdom and the United States.
In the U.S., Saudi Aramco is the owner of Motiva, a refiner and fuel marketing company.
https://www.tankterminals.com/news_detail.php?id=4474&utm_medium=email&utm_campaign=Subscribers%20-%20Week%2029&utm_content=Subscribers%20-%20Week%2029+Version+B+CID_3202602460805135387263c8cc57b9c8&utm_source=Weekly&utm_term=Oil%20to%20Remain%20Global%20Vital%20Energy%20Source%20in%20Long%20Term%20Saudi%20Aramco
Markets - VLCCs await BOT nominations
VLCCs saw more activity and increasing rates ex MEG during the end last week.
However, disappointingly for owners, activity dwindled in the past few days, due to less demand in the spot market, Fearnleys reported.
The market needs to see more action to avoid rate levels starting to ease off again. Owners are hoping that the soon to be released BOT stem nominations will support them, but on the other hand, the supply situation looks ample.
For charterers, it was a game of patience in the Suezmax market. Throughout last week, there was sustained pressure from key owners driving a bullish sentiment, due to tightening lists reflecting some pressure on fundamentals, especially in West Africa with increased volumes of cargo steadily eroding tonnage.
Finally, one by one owners realised that there was very little to support any rate upward movement and by the end of last week, stability had returned with last done levels being achieved at WS65 for TD 20, as the market found a balance.
The Med and Black Sea saw limited enquiry and stability has also prevailed with TD6 going sideways at WS75.
This week has started on a quieter note with first decade of August dates in West Africa being lighter than last month. The trend going forward is stable and time will tell if charterers can find a way to squeeze owners further.
North Sea and Baltic kept moving sideways at bottom levels, as charterers fixed further forward than has been seen recently. The tonnage list is thinning out, but nevertheless, we expect rates to stay unchanged and the week to end on a quiet note.
In the Med and Black Sea, owners finally saw some positive market signs. High cargo activity last week thinned out what seemed to be an endless tonnage list, and as a result, owners are now pushing for higher numbers.
At the time of writing (Wednesday) WS80 was the going rate, but as we have fixed far forward, and there still are some prompt ships left on the list, we do not expect rates to go much further for the time being, Fearnleys concluded.
Turning to Asian product tanker trades, Ocean Freight Exchange (OFE) said while this segment may not be as dire as the crude tanker sector, newbuilding deliveries are expected to continue to keep a lid on product tanker rates in Asia over the third quarter of this year.
The pace of deliveries is expected to pick up in 2H17, bringing the net fleet growth this year to 3-4%. Around 30% of the expected LR2 newbuilding deliveries and 25% of expected LR1 deliveries this year have already entered service.
On the demand side, higher June and July naphtha inflows from the West on the back of a wide East/West spread have led to a build-up in buyers' inventories. As such, this is likely to displace some flows into Asia, resulting in less movements along the benchmark AG/Japan route and further pressuring LR rates in 3Q17, OFE said.
According to Platts, around 1.2 - 1.3 mill tonnes of European naphtha is expected to arrive in Asia in July (flat month-on-month), almost 20% higher than the year-to-date monthly average of 1.02 mill tonnes.
Moreover, while North Asian naphtha import volumes are relatively steady, naphtha imports into China have been dropping steadily, due to increased domestic output. Chinese naphtha imports during January - May were down by 22.2% year-on-year to 154,000 barrels per day, and are expected to continue easing over 3Q17.
The strength in the Asian gasoil market has led to a persistently strong EFS, which has kept the East/West arb closed this year, resulting in less LRs moving along the key AG/Europe routes. This is expected to continue to weigh on the Asian LR market in the third quarter.
Things look a little brighter for the Asian MR segment, which has recently rebounded from multi-year lows. Chinese product exports in 3Q17 are likely to be supported by the recent release of the third batch of fuel export quotas, the conclusion of the refinery maintenance season, as well as lower domestic demand for gasoil, due to a nationwide fishing ban.
The third batch of fuel export quotas (under both processing trade and general trade terms) stand at 15.4 mill tonnes, which is 231% higher than the previous batch and 152% higher year-on-year.
This leaves much room for exports to grow in the third quarter, which could help to keep a floor under MR rates, OFE concluded.
TOP Ships announced this week that it had entered into two joint venture agreements, on a 50:50 basis, with trading house Gunvor Group for two 50,000 dwt product tankers 'Eco Holmby Hills' and 'Eco Palm Springs', currently under construction at Hyundai with expected deliveries in the first and second quarters of 2018, respectively.
The company had previously announced that it had acquired 49% of each vessel and prior to entering into the joint ventures, increased its shareholding to 50%.
Top Ships also announced that upon their delivery from Hyundai, they will enter into timecharter employment with Clearlake Shipping, a subsidiary of Gunvor for three years firm, plus two additional optional years.
The total potential gross revenue backlog from these contracts is estimated to be about $55 mill.
Company CEO, Evangelos Pistiolis, commented: "The joint ventures with Gunvor Group represent a major milestone for Top Ships and we expect that this partnership will create a lot of synergies that will be beneficial for both parties."
Odfjell confirmed that the transaction to acquire five stainless steel newbuildings and its intention to form a pool of 15 x 25,000 dwt vessels has been completed.
The first vessel will be delivered on 14th July, 2017 and the remaining four newbuildings will be delivered intermittently to May, 2018.
Odfjell said that the five wholly-owned newbuildings and the formation of the pool are expected to have a positive contribution on its returns and will strengthen its position and competitiveness in the current state of the chemical tanker market.
In the charter market, brokers reported that the 2003-built VLCC 'Voyager 1' had been fixed to Shell for three months at $19,000 per day with an option for a further six months at $20,000 per day.
Trafigura was said to have fixed the 2007-built VLCC 'Gener8 Atlas' for one to two months at $23,000 per day.
In the MR segment, Cargill was believed to have taken the 2012-built 'Miss Benedetta' for two to five months at $13,500 per day, while Navig8 Product Tankers was thought to have fixed the 2009-built sisters 'Navig8 Strength' and 'Navig8 Success' for 12 months at $11,500 per day each with options for a further 12 months at $13,500 per day.
Turning to S&P deals, the 2003-built Aframax 'Amba Bhavanee' was sold at auction for $5.6 mill. The vessel is out of class and has been idle at Aruba since 2013.
Another Aframax, the 2003-built 'Gener8 Pericles' was thought committed to Far East interests at $11.7 mill.
The1998-built MR 'Maritime Yuan' was said to have been sold to undisclosed interests for $4.5 mill, while the 2002-built MR 'Jenny' was reportedly sold to Indian interests for $10 mill with her special survey passed.
The 2002-built Handysize 'Acquaviva' was sold for $9.5 mill to Nigerian interests identified as Matrix, while the 2004-built Handysize was thought sold to Indonesian interests for $10.8 mill.
Leaving the fleet were the 1993-built VLCCs 'Aura' and 'Bright' said to have been sold for $330 per ldt each to unknown breakers on the basis of 'as is' Khor Fakkan.
The 1997-built Suezmax 'Blue Trader' was thought sold to Bangladesh breakers for $378 per ldt on the basis of 'as is' Singapore.
Finally, in the newbuilding sector, Central Shipping ordered two, option two LR2s at Hanjin for $50 mill each. The high price was said to be down to their very high specifications. They are due to be delivered in 2019.
Daewoo Shipbuilding & Marine Engineering is to build another four VLCCs for Maran Tankers Management, according to Yonhap News.
DSME will deliver the 318,000 dwt vessels by 20th August, 2019, the shipbuilder said in a regulatory filing, the news agency said.
Oil Gains as API Is Said to Report U.S. Crude Stockpile Draw
https://www.bloomberg.com/news/articles/2017-07-10/oil-holds-gains-above-44-as-u-s-crude-stockpiles-seen-falling
Oil climbed higher after an industry report was said to show U.S. crude stockpiles fell by the most since September.
Crude inventories declined by 8.13 million barrels last week in the American Petroleum Institute report released Tuesday, people familiar with the data said. It would be the biggest drop since September when compared with EIA data. Earlier Tuesday, the agency cut its 2018 crude output forecast to 9.9 million barrels a day from 10.01 estimated in June.
"That's certainly a bullish number if confirmed by the EIA report," James Williams, an economist at London, Arkansas-based energy-research firm WTRG Economics, said by telephone. A large draw at Cushing would also be supportive, he said.
Stockpiles probably slipped by 2.45 million barrels last week, a Bloomberg survey showed before an Energy Information Administration report Wednesday.
Oil has traded below $50 a barrel since May amid concern that rising global supplies will offset curbs by the Organization of Petroleum Exporting Countries and its partners including Russia. Increases in output from Libya and Nigeria, as well as rising U.S. rig count and production, have been diluting the impact of supply curbs. OPEC needs to increase output cuts with little public announcement in order to jolt investors, Goldman Sachs Group Inc. said.
West Texas Intermediate for August delivery advanced to $45.76 a barrel at 4:52 p.m. after settling at $45.04 a barrel on the New York Mercantile Exchange. Total volume traded was about 38 percent above the 100-day average.
Brent for September settlement rose 64 cents to end the session at $47.52 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude traded at a premium of $2.29 to September WTI.
U.S. Output
The EIA lowered its forecast for 2018 production for the first time since the agency started posting the estimates in January, the Short-Term Energy Outlook showed.
"This pull-back in production is kind of a wake-up call to people who thought that shale was going to be viable no matter what OPEC did," Phil Flynn, senior market analyst at Price Futures Group in Chicago, said by telephone. If output doesn't rise as much as previously anticipated, "then it's time for the bears to start questioning their religion again."
Crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest U.S. oil-storage hub, probably dropped by 1.4 million barrels last week, according to a forecast compiled by Bloomberg.
Oil-market news:
Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit for the first time since brokering a deal to curb global crude supply to counter a glut.
JBC Energy sees "good selling opportunity" in any oil rally toward $50 a barrel, according to an emailed report.
VLCC plagued with oversupply despite strong fixture activity
http://www.hellenicshippingnews.com/vlcc-plagued-with-oversupply-despite-strong-fixture-activity/
Despite 29 fixtures for VLCCs being reported last week, a notable week-on-week increase and a further 30 Middle East cargoes expected to materialize in the coming weeks, shipbroker Charles R. Weber expects that they won't be enough to cater for all the ships available, with 44 VLCCs ready to take on cargo. According to the shipbroker's latest weekly report, "rates in the VLCC market continued to hover in the same range that has prevailed over the past month with participants unable to make a sufficiently strong argument to move rates concertedly in either direction. Supply/demand fundamentals, however, appear to have tightened following robust spot cargo coverage during the July Middle East program's first two decades and a reduction of overall supply from floating storage, STS activities and units in dry dock – as well as sustained draws on Middle East availability to service West Africa demand".
According to CR Weber, "the tightening is illustrated by a likely decline in surplus tonnage. With 98 Middle East cargoes covered to date, we anticipate a further 30 will materialize. Against this, there are 44 units available, from which draws for West Africa demand should account for six, implying an end‐ month surplus of just 8 units. This compares with 19 surplus units at mid‐July, illustrating the tighter fundamentals and suggesting forward rate strength. Complicating positive rate progression on this basis has been uncertainty over the precise number of remaining cargoes, with some participants suggesting a steep drop off in demand during July's final decade – as well as the fact that disadvantaged units currently account for nearly a third of the total position list. However, small gains were realized at the close of the week and possibly reflect the reality of a tighter market, if still somewhat tenuous".
Meanwhile, CR Weber noted that "this week's demand was relatively strong with 29 fixtures representing a 53% w/w gain and 9% more than the YTD average. In the West Africa market, the weekly tally rose by two to eight fixtures, or 19% more than the YTD average. During the upcoming week, the pace of demand in the Middle East should sustain as charterers cover remaining July cargoes, which could further expose the tighter fundamentals – provided the remaining cargo tally hold up to expectations – with the combination of tighter fundamentals and an active pace finally allowing owners to make command more meaningful rate gains. Rates on the AG‐JPN route gained one point to conclude at ws51. Corresponding TCEs rose by 6% to ~$21,657/day. Rates to the USG rose by one point to ws25. Triangulated Westbound trade earnings rose by 4% to ~$25,698/day".
In the Atlantic Basin, rates in the West Africa market led those in the Middle East with the WAFR‐FEAST route gaining five points to conclude at ws60. "Corresponding TCEs jumped 18% to ~$27,116/day. Demand in the Caribbean market remained slow for a second consecutive week, leading rates to further modest erosion before overall VLCC market sentiment saw the losses regained. The CBS‐SPORE concluded unchanged, accordingly, at $3.50m lump sum", said the shipbroker.
In the Suezmax market, CR Weber said that "the West Africa Suezmax market was modestly stronger this week thanks to rising West Africa crude exports that have sustained elevated demand. A total of 17 fixtures were reported this week, representing a 13% w/w gain. Meanwhile, the four‐week moving average of regional fixtures jumped to its highest level since 1Q16. Stronger rate gains, however, were complicated by ongoing high availability levels created by a 13% expansion of the global fleet since the start of 2016. Rates on the WAFR‐UKC route added five points to conclude at ws65 with corresponding TCEs rising by 42% w/w to ~$7,258/day. Though forward West Africa demand appears positive in light of strong West Africa exports and a Saudi OSP cut for Asian buyers which could keep VLCC demand in the West Africa market from rising, substantial rate gains could remain elusive. Seaborne crude exports from Russia have continued to decline, with those in the key Suezmax Black Sea market impacted by declining exports and pipeline maintenance at Primorsk. Thus, we see limited further rate upside potential in the near‐term", the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide
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text:
Netherlands: Food Choice Logos Under Full Development
by Sarah Arayess (Hoogenraad & Haak)
Do you remember them? The blue and green tick marks on food packaging. These symbols have been in use since 2006 to help consumers choose healthier products. The party was over after 10 years: the tick marks were about to disappear gradually from the shelves. Products can no longer be produced with the tick marks after 18 October of this year. The aim of the tick marks remains just as relevant. Consumers can still use a helping hand to make a responsible choice, as is clear from a survey by the Consumentenbond (Dutch Consumers' Association) earlier this year, showing that consumers truly appreciate a logo that incorporates traffic light colours, like the French Nutri-score. There are similar initiatives ongoing in other Member States too, like the keyhole system in Sweden and the traffic light system in the UK.
It's not easy to introduce a logo of this type. This is because communications on the benefits of foods are subject to strict conditions in terms of the European Claims Regulation. There has been intense debate on the matter at a European level this year. The European Commission is calling for a collective European approach, despite a range of divergent initiatives in different Member States. A report will be issued at the end of this year containing the most significant conclusions'
France, in the meantime, is in pioneering spirit: Nutri-score has been in use for a year now. This summer, Belgium joined them and a third country, Spain, embraced it in mid-November. The Netherlands and other EU countries may well follow soon.
I expect that the Netherlands will await the report from the European Commission before it jumps in.
Sarah Arayess (Hoogenraad & Haak)
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redpajama_set_name: RedPajamaCommonCrawl


text:
Charles Sutton (1856 – July 20, 1935) was an American film actor of the silent era. He appeared in over one hundred films between 1911 and 1923. He died in Englewood, New Jersey.
For the Australian rules footballer, see Charlie Sutton.
Sutton from an ad for Democracy: The Vision Restored (1920)
July 20, 1935 (aged 78–79)
Englewood, New Jersey, U.S.
Selected filmography
The Lighthouse by the Sea (1911)
Hulda of Holland (1913)
The Old Monk's Tale (1913)
The Girl of the Gypsy Camp (1915)
Gladiola (1915)
When Love Is King (1916)
A Message to Garcia (1916)
The Rainbow Princess 1916)
Pardners (1917)
The Royal Pauper (1917)
The Eternal Mother (1917)
Her Boy (1918)
The Lie (1918)
Flower of the Dusk (1918)
A Pair of Cupids (1918)
A Virgin Paradise (1921)
Charles Sutton on IMDb
Charles Sutton at AllMovie
SNAC: w65f919q


The HS3002 is a highly-accurate, fully-calibrated relative humidity and temperature sensor. The high accuracy, fast measurement response time, and long-term stability, along with the small package size, makes the HS3002 ideal for a wide number of applications from portable to harsh environments.
An integrated calibration and temperature compensation logic provides fully corrected RH and T values via a standard I²C output. The measured data is internally corrected and compensated for accurate operation over a wide range of temperature and humidity levels–user calibration is not required.


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La gare de Poznań Antoninek (en polonais : Poznań Antoninek) est une gare ferroviaire polonaise, située sur le territoire de la ville de Poznań.

Situation ferroviaire

Histoire

Service des voyageurs

Accueil

Desserte

Intermodalité

Notes et références

Voir aussi

Articles connexes
 Liste de gares en Pologne
 Transport ferroviaire en Pologne

Lien externe

Gare dans la voïvodie de Grande-Pologne
Gare

redpajama_set_name: RedPajamaWikipedia


A lot can change in 100 years. But not our commitment to providing first-rate service and the best products. If we haven't had a chance to meet you yet, we'd love for you to come in, meet the family, and take a look around.
Is it wrong to fall in love with a wall? We don't think so. Every detail should be a reflection of you. Our in-house licensed interior designer can help you create the home of your dreams.
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We provide invaluable assistance in planning and installing gas, wood or electric fireplaces/stoves to insure many years of safe, warm and cozy evenings spent in front of a fireplace of your own.
The effectiveness of modern high-efficiency wood stoves and fireplaces are directly related to how they are operated and maintained and the quality of fuel used. Please view the following videos on how to properly operate and maintain your wood stove or wood fireplace.
Get instant rebates when you exchange your old wood-burningstove with a newer energy-efficient appliance.
A great video about safety in using and operating your wood stove or insert.
Maintaining your wood insert can be easy and worry-free. Learn best maintenance procedures for your Quadra-Fire Voyager wood insert.


The Wall. This, in Laurel Cottage, is a love affair in three pictures. Most people's favourite picture is of Diddley and Bobby at the Shredded Wheat factory. So, we are pleased to present to you the three pictures on The Wall.
The Biggest Aspidistra in the World … Maybe.


Ok. So I know there is nothing novel in gushing about Hamilton. But I still wanted to capture here how seeing Hamilton hit me hard on three levels.
Put simply, the first act of Hamilton is nothing short of perfect art. I'd be lying if I said that it didn't make me want to be a better person.
At the highest level were the parallels between our country's beginnings and now.
Change "Manhattan" to "San Francisco" and we are in the midst of a tech/AI maelstrom that is changing life we know it. And it's great to be in the middle of it.
In the face of a political climate where Republicans openly lie and act in pure self-interest, serving no one, this one especially cut to the core. Will we be able to make it right, and if necessary will I be ready to not just fight, but bleed for it?
Look beyond the face value of the glaring historical parallels, and we come to the central dichotomy of the narrative, Hamilton and Burr.
What struck me most was seeing myself in Burr. "Wait for It" brought me to tears.
I want to be a Hamilton, I really do. And everything Silicon Valley prizes says to be a Hamilton. But I have more Burr in me than I'd like to admit. I waited too long to course correct my career, essentially standing still. Or was it lying in wait? Time will tell. But through it all I have treasured my originality, my inimitability.
I've had something to lose. I've wasted time. With the exception of being a woman, I've been graced with every possible advantage since birth. Can I tap into my inner Hamilton in time, and stop wasting time? Or do I make the most of my Burr-ness?
Ah, Lin-Manuel. Now we come to you.
The third level that Hamilton hit me was as a creative.
How do you craft a masterpiece, how do you obsess over every word until it is perfect?
As someone who likes to think of herself as creative, I left wanting more out of myself. I want to create something great. To put something forth into the world that is masterful.
Let's face it, in the short-term that will probably be a sweet Williams koozie. And I'm ok with that. But I want to shoot for a greater North Star beyond that.


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Q: Keep salts when moving a site? Should I keep the salts when moving a site to another server or should I create new ones and how do the passwords remain readable then?

A: You should change them.
Its good practice to periodically change your wordpress salts.
It will not affect the passwords in the database but it will log out all users.

redpajama_set_name: RedPajamaStackExchange


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Mindy Kaling Says Abortion Is Too Serious to Tackle in a Sitcom
Mindy Kaling graces the cover of this month's issue of Flare magazine, and in the accompanying interview addresses the curious fact that even though all of the main characters in The Mindy Project work in an OB-GYN clinic, the show has never brought up abortion. Well, she sort of addressed it.
Savvy profile subject that she is, Mindy deflects answering her interviewer's question about abortion, saying, "It would be demeaning to the topic to talk about it in a half-hour sitcom."
Sure about that, Mindy? While rare, abortion is far from uncharted territory on American television, and even on half hour sitcoms. In a 1972 episode of Maude — pre-Roe v. Wade! — the show's heroine found herself pregnant at age 47, had an abortion, and everything turned out fine. Ten years later, in 1982, a Facts of Life episode centered around Natalie writing a story for the school paper on a classmate's secret abortion. And in 1994, the Thanksgiving episode of Roseanne included Nana Mary showing up and discussing two abortions she's had in the past. And there was a laugh track behind that one. Scrubs, a madcap comedy that centered in a goddamn hospital even talked about abortion, back in 2006.
And a topic's seriousness hasn't dissuaded shows from discussing war (M*A*S*H et al), death, sexual assault (Edith Bunker was sexually assaulted on her 50th birthday on All in the Family), racism, sexism, planetary annihilation (ever seen the finale of Dinosaurs? Literally everybody and everything dies. And that show starred puppets.)
Kaling's claim that some things are too serious to tackle in a comedic format remind me of something Jenny Slate said earlier this year in an interview with the Guardian. The Obvious Child star expressed dismay that critics were referring to her film as an "abortion rom com."
"Ugh, that is such a bummer, that term. An abortion romcom – that's not a thing!" Slate says with an eye-roll. "The movie isn't saying that abortions are funny. It's saying that people are funny."
Joking about a thing doesn't mean you think the thing is funny. It means it's part of a joke.
Kaling's gynecology clinic-centered show at least offering a passing mention to a gynecological procedure that one in three women will have in her lifetime wouldn't be the show laughing at abortion. It would be funny people cast to be funny on a funny show acknowledging a fairly pedestrian reality in the lives of women, gynecologists, and especially gynecologists who happen to be women.
Ultimately, The Mindy Project is Kaling's show, and if she doesn't want to tackle the issue, she shouldn't have to. She's the boss. But "abortion is too serious" is a flimsy excuse for such a deliberate dodge of an obvious issue that would face gynecologists, an issue that has been tackled successfully by other half hour sitcoms for decades.
Image via Flare


I have been waging a highly unsuccessful campaign on Twitter to get drinkers to make 2018 the year when smoke beers overtake New England IPAs as the trendy, hip brew. OK, by "campaign" I really mean putting "#SmokeIsTheNewHaze" in the odd tweet but I labor on nonetheless. This is an old review which I am only now finishing but it fits my tilting at windmills Twitter endeavor nicely.
It was a sad day when I noticed Schell's Chimney Sweep was no longer gracing store shelves. Being a rauch dunkel, it was one of my favorite biers combining two of the best flavors: dark and smoked malts. A quick check of Schell's website confirmed my worst fears – it had been retired.
Having a rauch dunkel at my disposal for a good chunk of the year was such a blessing but the ride was over. Thankfully Lakefront stepped in to fill the void, albeit for a short time, with Nathan, a smoked dark lager that was the 22nd entry in their limited My Turn series which features styles chosen by employees of the esteemed Milwaukee brewery.
Lakefront was founded in 1987 making it one of the oldest microbreweries in Wisconsin. Indeed, it's one of the godfathers of the American microbrew scene. They offer a great brewery tour and brew a wide variety of beers. They've been tweaking their offerings as of late, though, with a distinct turn towards the hoppy. Not being a hophead, I haven't sampled their plethora of lupulin-heavy ales (including a Single Hop series which consists of nothing but IPAs and a Double IPA series) and I miss Cherry Lager. But there's always Riverwest Stein, a fixture at the High Noon Saloon, a new German pils, and My Turn produces something appealing relatively frequently.
And so I was quite happy to see Nathan on the shelf. Dunkels are something of a rarity themselves and a rauch dunkel trebly so. Considering the brewery's track record with lagers and rauchbiers I was expecting a fine brew.
It poured a dark amber and was unfashionably clear. The small tan head proved short-lived but I spied many a bubble inside the glass. That precious smoky scent caught my nose immediately and my notes say it was of that classic German beechwood variety but I cannot recall if that was my amateur rauchbier opinion, it was noted on the label, or if I had actually asked the brewery. For some reason I suspect I availed myself of the Twitters and asked. Beneath, between, and behind the beechwood goodness was a wee bit of grassy hop as well as a hint of doughy, sweet malt.
The proof of the bier is in the drinking, though. A nice slab of smoke pleased my palate immensely. Not so much of a bacon taste as it was, well, smoke. There was also a tasty mild bit of stone fruit malty sweetness balanced by some spicy hops. A generous dose of fizz kept the malty milieu from whelming my tongue.
Nathan's body (ahem) was medium-light which made the beer go down easily in the hot summer months. The smoke lingered on the finish and the hops became more prominent which made for a fairly dry, clean denouement. My glass was left with no Schaumhaftvermoegen as it has slid down into the bier.
My notes say "Good'n'smoky" and indeed it was. Lakefront certainly delivered as I expected them to. Rather than blather on about how much I loved the smoke taste, I shall instead add that I appreciated the bier's qualities which made it a delightful seasonal: the lightish body, the fizz, and the hops which added some balance to the malt. Nathan proved to be a fine brew both for the cool spring as well as the heat of early summer. The smoke provided a heartiness which went well as I waited for the aestival weather while the body and the fizz made Nathan equally drinkable as the summer kicked in.
I am sorry that this brew is no longer with us. R.I.P. Nathan.
Junk food pairing: I paired Nathan with Bacon Habanero Pretzel Crisps and didn't spare the horseradish dip.


Guilty (Presume Coupable) has won the Europa Cinemas Label as Best European film in the Venice Days section.
The films will now get additional promotion and extended playing time across the Europa Cinemas Network.
Sold internationally by Films Distribution, the films is produced by Christophe Rossignon and Philip Boëffard, is a Nord-Ouest Films production, co-produced with France 3 Cinema.
Publication information: Article title: Vincent Garenq's Guilty Wins Europa Cinemas Label at Venice. Contributors: Not available. Magazine title: Screen International. Publication date: September 9, 2011. Page number: Not available. © Media Business Insight. Provided by ProQuest LLC. All Rights Reserved.


Murwillumbah Showground is open for short term (up to 1 week) tourist camping.
The showground can cater for Fifth Wheelers, Motor Homes, Clubs, Caravans, and even Tents.
Accommodation includes power, water, hot showers and plenty of neatly mown grassed areas. Dogs are even welcome as long as they are kept under control and owners are responsible in cleaning up after them .
Cost is $25.00 per night for 2 people, $20 per night for a single person.
Our Caretakers, Greg & Meg, are sure to make you welcome and your stay enjoyable. Meg hosts "Happy Hour" every afternoon. Campers really enjoy this time of fellowship and the sharing of information – especially local places of interest. Murwillumbah Showground and the treasures of the Tweed Valley await your visit.


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The Day After Assad Wins
The Hard Truths About Post-War Syria
By Andrew J. Tabler
ANDREW J. TABLER is a Senior Fellow at the Washington Institute for Near East Policy and the author of In the Lion's Den: An Eyewitness Account of Washington's Battle With Syria. Follow him on Twitter @Andrewtabler.
Read more by Andrew J. Tabler Twitter @andrewtabler
A Free Syrian Army fighter holds stands inside a burned shop in Aleppo's Karm al-Jabal district, July 23, 2013. Hamid Khatib / Courtesy Reuters
We will probably never know whether Bashar al-Assad lost any sleep over the horrific chemical weapons attacks he allegedly ordered during his country's ongoing civil war. But Syria's president has probably already taken solace in the fact that, despite the hundreds of thousands of Syrians who have lost their lives in the fighting, things could have easily gone worse for him personally. With insurgents losing ground to the regime's forces and succumbing to ever more infighting among themselves, it seems increasingly likely that Assad will avoid losing the war -- which will qualify, in this context, as an outright win.
For the many countries, including the United States, that have based their policies on the hope that Assad would eventually be forced from power, Assad's resilience has probably come as a disappointment. (But given their generally indecisive interventions in the war, the outcome should not come as a shock.) Nevertheless, Washington and its allies need to reckon with the bitter trajectory that Syria is now on. The regime that emerges from the civil war will be more oppressive and more anarchic than the brutal yet stable one that existed before the war.
First, it is important to understand what victory will mean. In order for Assad to consider himself the winner of this conflict, his forces would need to gain control over the 40 percent of Syrian territory, concentrated in the western part of the country, where 60 to 70 percent of Syrians live. (A key military objective will be to secure the M5 north-south highway that connects Damascus to Homs, Hama, and the hotly contested city of Aleppo.) At the same time, Assad would need to clear out pockets of resistance behind the regime's main lines. (This is exactly what he has already achieved in Qusayr and the area around Homs, giving his fighters unimpeded access to the Bekaa Valley and Hezbollah-controlled areas of Lebanon.) If Assad achieves all that, he will have gained a secure hold on
Middle East Syria Strategy & Conflict


Karla J. Williams Foundation Presents their 1st Annual Charity Golf Tournament, Thursday August 30 at the Haggin Oaks Golf Complex. The Karla J Williams Foundation is a non-profit organization that aims to better the life of women cancer patients while they are undergoing treatment. They do so by providing nurturing support services. The foundation also exists to increase public awareness about the prevention, detection and treatment of women's cancers. Our mission includes connecting patients in Northern California to resources and available clinical trials.


3. I use the Blutility to refresh it's material based on variables: 4. Save map, reopen it, maybe it still looks the same, then you can even rerun the Blutility or not, doesn't matter.
5. Reopen it again, and the textures are surely gone and won't ever come back, even if you try to update it with Blutility.
If necessary, I can upload a small project containing these.
I was unable to reproduce this on our end. I have a few questions for you that will help narrow down what issue it is that you are experiencing.
Could you provide screen shots of any blueprints used in the reproduction project that may be involved with this issue?
Tried to reproduce in clean project, first try it didn't work. I added a select node based on a variable, the came forth!
Here is the clean project!
Just place another NewBlueprint in the NewMap, run the Blutility and change back and forth between the maps (one was enough for me now).
Steps are just trivials. Made 2 new map, a new material that has a Param2D, made a new blueprint with a sphere in it with the new material, and added this little code with the 3 variables.
I was able to reproduce this issue using the project provided. I have written up a report and I have submitted it to the developers for further consideration. I have also provided a link to the public tracker. Please feel free to use the link provided for future updates. Thank you for your time and information.
4.11 hair material has artifact on certain character with point light.


Kitchen Island Pentagonal Shape Seating Granite Cherry In Countertop Overhang For Ideas 44 is one of pictures thet are related with the picture before in the collection gallery. If you would like to see the Kitchen Island Pentagonal Shape Seating Granite Cherry In Countertop Overhang For Ideas 44 in High Resolution [HD Resolution] version, please press the right click on picures/image then choose "Save as Image" option, and done. You will get Kitchen Island Pentagonal Shape Seating Granite Cherry In Countertop Overhang For Ideas 44 pictures that you want. The exactly dimension of Kitchen Island Pentagonal Shape Seating Granite Cherry In Countertop Overhang For Ideas 44 was 593x426 pixels. You can also look for some pictures by collection on below this picture. Find the other picture or article about Countertop Overhang For Seating here. We hope it can help you to get information of the picture.


I'm looking forward to appearing on Tara Marie Live! on Monday, March 9th from 6-8 pm ET, 3-5 PT, American Latino Radio/SiriusXM Channel 154. Join us as we discuss health and wellness in the Latina community.
Swim Suit Season – Don't Freak Out!
Kirstie Alley Rocked the Dance Floor!
Speaking at the Medical Fitness Association conference in Orlando, FL, on size sensitivity training... "From Overweight to Active."
Speaking to health professionals at WAKE AHEC in Raleigh, NC, on size sensitivity training. This is a selected segment from the day long seminar.


Feel fabulous in these high-leg briefs, available exclusively online. This pretty pair features feminine lace detailing around the legs, as well as a miniature bow on the front. Comfortable and flexible, they are great for wearing every day. The high cut is not only flattering, it also creates a seamless look when worn under slim-fitting outfits.


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Cardiff Airport becomes newest partner of Cardiff and Vale Credit Union
Cardiff Airport has become the latest organisation to become a payroll scheme partner of Cardiff and Vale Credit Union. The news was marked today with a visit by Jane Hutt, AM for Vale of Glamorgan, who champions the initiative and introduced the Airport to the scheme.
Cardiff and Vale Credit Union, which was founded over twenty years ago, now welcomes some 10,000 members and is open to anyone who works in Wales.
The initiative creates an opportunity for members of the Cardiff Airport team to join a local, friendly provider of savings and loans products in the community that offers its members access to savings schemes and affordable loans up to £15,000. Benefits include Junior Savings and Christmas saving plans; dividend payments for members; automatic life insurance cover and confidential and ethical information and guidance on finances..
Deb Barber, CEO of Cardiff Airport, said: "We are delighted that Cardiff Airport has become our 40th employer partner, helping staff to save through their salary and the ability to apply for affordable and ethical loans as a perk of their employment. I am really pleased that our local AM, Jane Hutt, recommended the Credit Union to us. Many notable Welsh companies are already partners and we are delighted to be in such good company. There is a wealth of benefits associated with being a member of a local Credit Union and I have no doubt that the Airport team will quickly enjoy reaping the rewards of supporting a local initiative such as this."
Jane Hutt AM, who is also the Patron of Credit Unions in Wales, stated: "I congratulate Cardiff Airport in becoming the latest employer in Wales to demonstrate its commitment to the financial wellbeing of employees, and am happy to have been a part in launching what we hope to be a very successful partnership".
Leanne Herberg, CEO of Cardiff and Vale Credit Union, added: "Payroll savings and loans partnerships offer employers a meaningful way to help the financial health of their staff. We are delighted that Cardiff Airport has become our 40th employer partner, helping staff to save through their salary and be able to apply for affordable and ethical loans as a perk of their employment".
Cardiff and Vale Credit Union will be present across the Airport on a monthly basis until January 2018, giving the Airport community ample opportunity to learn more and sign up as a member.


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Fryars bay beach near Beaumaris
Photo : Tim Snow
Fryars Bay beach is a small beach, comprising of shingle and small stones. At low water the tide goes out to a muddy shore. This beach is quite easy to pass as it is partially hidden by a sea wall.
At high tide on a sunny day this beach is great beach for a picnic with stunning views of the Snowdonia mountain range.
Fryars bay beach is located on the B5109, just after leaving Beaumaris, on the road to Penmon Priory. This beautiful beach is ideal for a family picnic at high water or a walk along the beach to Lleiniog beach.
Fryars bay and the RAF Catalinas at Saunders-Roe
Many people pass this beach and are unaware of its history and what it was used for during the second World War.
During the early 1940's Saunders - Roe Ltd were relocated to here from the Isle of Wight, after an air raid on the factory in East Cowes by the Luftwaffe, during September 1940. The former workshops are visible on the left hand side behind the beach, travelling in the direction of Penmon.
As further modification work was taken on, and with the inclusion of additional types of aircraft, workspace was soon in short supply and various other sites in nearby Beaumaris were pressed into military service including garages, stables and even Beaumaris Pier Pavilion
The bulk of the work at Saunders - Roe was the modification to the PBY-5 Catalina seaplanes, and other flying boats to be used by Coastal Command by the RAF on anti-submarine duties.
The Catalinas were flown from Goose Bay in Canada by civilian pilots to their moorings on the Menai Strait. They were then hauled up the slip way tail first, as it was easier to manoeuvre, then across the B5109 road and into the factory.
After being washed down with fresh water, all the loose equipment and radio sets were removed, some of the airframes needed modifications to the hull to allow the extra armaments and storage of RAF equipment. The American bomb racks were removed to make way for the ability to carry the heavier 1,500 pound British bombs.
New wireless sets, aerials and instruments were fitted. Last but not least was the all new type of ASV (Air to Surface Vessel) radar sets to be fitted by some of the staff from RAF Farnborough. A few aircraft were also fitted with the underwing Leigh light, an extremely bright floodlight used to find submarines at night.
In total 399 Catalina's were modified at Saunders-Roe, near Beaumaris. Air to surface radar was fitted to the Catalina's in secrecy. During the three year period of modification to the Catalina's they were moored from the Gazelle down towards Fryars bay.
It was one of the RAF Catalina's that was modified at Beaumaris that found the German battleship Bismarck, after it escaped during bad weather.
Beaumaris lifeboat station at Fryars Bay
For many years the Beaumaris lifeboat was stationed at Fryars Bay. There was a long steel gantry that stretched out across Fryars Bay to the Lifeboat station.
Nearby Beaches
Beaumaris Beach
Llieniog Beach
Penmon Point Beach
Aberlleiniog Castle
Penmon Priory
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Arne Skouen (18 October 1913 – 24 May 2003) was a Norwegian journalist, author, film director and film producer.

Biography
Arne Skouen was born in Kristiania (now Oslo), Norway. His parents were Peder Nikolai Skouen (1883-1978) and Jenny Emanuelson (1883-1975). He graduated at Hegdehaugen School in 1933. He had three distinct career careers: journalist, author and filmmaker, partly at the same time.

He was a journalist at Dagbladet from 1935 to 1941. From 1941 during World War II, Skouen was associated with the Norwegian Resistance Movement during the occupation of Norway by Nazi Germany. From 1943 to 1945, Skouen worked at the press office in Stockholm, London, and New York City.

After the liberation of Norway at the end of World War II, he returned to Dagbladet as a columnist, serving from  1946 to 1947. He then worked at Verdens Gang from 1947 to 1957. He later returned to Dagbladet, where he worked from 1971 to 1995.

Literary career
Skouen debuted as an author with the youth novel Gymnasiast (1932), followed by the novel Ruth sett meg (1937). During the war he published the children's play Barn av solen (1941) and Tre små enaktere  (1943). This was followed in the postwar years by his novels Fest i Port des Galets and Romanen Gategutter (1948). Late in life, he published his autobiography En journalists erindringer (1996).

Film career
After the war, Skouen began working in film. His first film Gategutter (Street Boys) was released in 1949.

He received international fame for his 1957 film Ni Liv, about Jan Baalsrud's survival following a failed a WWII commando raid in occupied Norway, which received an Academy Award nomination for Best Foreign Language Film. It was also shown at the Cannes Film Festival.

His 1959 film The Master and His Servants was entered into the 9th Berlin International Film Festival. His 1962 film Cold Tracks was entered into the 3rd Moscow International Film Festival.

In 1980, he received the Narvesen Prize (Narvesenprisen), in 1983 the Oslo City Culture Prize, in 1986 the Ibsen Prize (Ibsenprisen) and the Honorary Prize of the Amanda Prize (Amandaprisen), in 1988 the Arts Council Norway Honorary Award (Norsk kulturråds ærespris), in 1993 the Oslo Byes Veles Prize  and Fritt Ord Award. He was an honorary member of the Norwegian Dramatic Society and Norwegian Film Association.

Personal life
He was married in 1946 to Kari Øksnevad (born 1926). Their daughter Synne Skouen (born 1950) became a composer.

On May 24, 2003, he died, and was buried at Vestre gravlund in Oslo.

Selected filmography
 Emergency Landing (1952)
 Circus Fandango (1954)
 Det brenner i natt! (1955)
 Ni Liv (1957)
 Pastor Jarman kommer hjem (1958)
 The Master and His Servants (1959)
 Omringet (1960)
 Cold Tracks (1962)
 Om Tilla (1963)
 Reisen til havet (1966)
 An-Magritt (1969)

References

Sources
 Linn Ullmann (2001) Profession, director : Arne Skouen and his films (translation  by Tiina Nunnally. Norwegian Film Institute)

External links

1913 births
2003 deaths
Journalists from Oslo
Norwegian film producers
Norwegian film directors
Norwegian male writers
Norwegian dramatists and playwrights
Dagbladet people
Norwegian columnists
Burials at Vestre gravlund
20th-century Norwegian journalists
Film people from Oslo