Shell Cargoes Helped to Boost Libyan Crude Exports 21% This Week

Royal Dutch Shell Plc (RDSA) booked two tankers to load crude oil in Libya this week, helping total exports advance 21 percent from last week, according to data from Poten & Partners and Optima Shipbrokers Ltd.

The Sea Luck III was due to load 80,000 metric tons of crude today and sail to Australia, while the Seafaith II was to load tomorrow and carry a same-size cargo to northwestern Europe, according to New York-based shipbroker Poten. Poten identified Shell as the charterer of both vessels.

The third vessel, Pink, will take 130,000 tons of Libyan crude to the Far East, Athens-based Optima said in an e-mailed report. The total equates to about 2.1 million barrels, or 300,000 barrels a day, compared with an average of 250,000 barrels a day loaded on three tankers last week, data show.

The following table shows charters for crude cargoes from Libya this month, according to Poten and Optima. Cargo size is expressed in metric tons.

Name                 Load Date   Destination       Cargo Size
Sea Luck III         Nov. 22     Australia         80,000
Seafaith II          Nov. 23     Northwest Europe  80,000
Pink                 Nov. 25     Far East          130,000

Total week to Nov. 26                              290,000
Total week to Nov. 19                              240,000
Total week to Nov. 12                              210,000
Total week to Nov. 5                               160,000

(Source: Bloomberg)

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