Know The Cargo™

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VIEW THE INDUSTRY'S RICHEST AND DEEPEST CARGO DATA SET FOR CLEAN PETROLEUM PRODUCTS

Know the exact grade of clean product, quantity, and in many cases, shipper and receiver. Learn about our cargo tracking data for clean petroleum products.>>

Grain & Oilseed Flows Detected in Real-Time Data

Agri-commodity flows are shifting rapidly. Download our white paper to discover market opportunities. Get details.>>

VGO, gasoline markets already under the influence of IMO 2020

Download our special report and enjoy an automatic subscription to our monthly white paper series covering IMO 2020 and its impacts, from VGO shortages to a gasoline glut. Learn more. >>

 

James Caldwell, Product Manager – Container Shipping & Tankers


Asia-to-ECSA Trade Booms as China Seeks Protection From Us Trade War 10/15/2019 | By James Caldwell

The Asia to East Coast South America (ECSA) trade is surging – and a major factor is a greater focus by China on boosting its business with this continent. Drivers for this include moves by China to bolster its Belt and Road Initiative (BRI) in ECSA, an upsurge in its demand for Brazilian agricultural products […]

American Port Deliveries Move North 08/29/2019 | By James Caldwell

West Coast Canadian ports are winning market share of US cargo to and from Asia – driven by congestion and longer dwell times in southern Californian ports, as well as the competitive costs of Canadian terminals and their intermodal operators. Growth at Vancouver and Prince Rupert ports within US imports and exports from Asia is […]

US-China Trade War Leads to Rise in Illegal Trade 07/25/2019 | By James Caldwell

The surge in Vietnamese exports to the United States as shippers seek to escape the effects of the US-China trade war appears to include illegal rerouting of goods by some Chinese exporters. This cottage industry came to light in June when Vietnam accused Chinese firms of deploying illegal ‘Made in Vietnam’ labels to sidestep US […]

China and US tariffs lead to South East Asia trade surge 06/24/2019 | By James Caldwell

The impact of US and China tariffs has led to a shift in manufacturing from China to Southeast Asia – and as the trade war rages on, this movement is likely to become more pronounced. According to the US Census Bureau, US tariffs have been imposed on US$250 billion of Chinese goods by the end […]

Brexit: aggressive French prep 01/04/2019 | By James Caldwell

In this period of uncertainty resulting from the forthcoming Brexit,  the members of the European Union are trying to prepare their countries for the worst. Last week, French Prime Minister Edouard Philippe announced a $56 million “hard Brexit” contingency plan in case the UK leaves the EU without a deal or with a hard Brexit […]

Matt Smith, Director of Commodity Research


ClipperClip: Iranian Woes and Chinese Flows 09/12/2019 | By Matt Smith

I was out on CNBC Asia last night discussing the latest developments relating to Iran, crude flows into China, and the likely ongoing over-compliance of Saudi Arabia in terms of OPEC production cuts. The chart below highlights what I was discussing in the interview – how US flows are heading elsewhere in Asia as US […]

ClipperClip: All Eyes on Iran 06/25/2019 | By Matt Smith

Back in the saddle after the recent bout of semi-annual ClipperView presentations in the US and Europe, I did my bi-weekly segment on NPR’s Texas Standard yesterday morning, before appearing on CNBC Asia last night. Both hits (not surprisingly) were to discuss Iran, which is front and center at the moment. Hark, click here for […]

US Import Week: The Wild West 06/04/2019 | By Matt Smith

Total gasoline imports averaged 1.16 million barrels per day last month, the highest on our records. Even though US Gulf Coast imports fell 38 percent from April’s 19-month high of 213,000 bpd, both the East and West Coasts showed solid increases in the prior month.

U.S. Import Report: Heavy Going 05/24/2019 | By Matt Smith

US crude oil imports are looking to close out May at a four-month high. An increase is to be expected from a seasonal perspective, given that refineries are ramping up crude inputs to meet summer gasoline demand.

ClipperClip: The Sweet and the Sour 04/09/2019 | By Matt Smith

Today’s appearance on the set of CNBC Squawk Box had us debating the recent rise in oil prices, what that means for gasoline prices, and what the difference is between light sweet and heavy crude – via samples.

Andrew Couper, Oil Markets Analyst


Group II Base Oil Exporters Wait on European Tariff Decision 09/23/2019 | By Andrew Couper

Importers of Group II base oil into Europe may have to start paying a tariff if the current waiver is not extended beyond December. European production, meanwhile, could influence trans-Atlantic flows. A working group within the European Commission met earlier this month to discuss whether to extend a tariff waiver, which currently allows Group II […]

US Base Oil Exports Shrug Off Falling European Car Sales 08/13/2019 | By Andrew Couper

Exxon Mobil’s Group II base oils refinery opening in Rotterdam and declining car sales in Europe has had little impact on US flows of base oil volumes into Northwest Europe during the first half of this year. The first six months of 2019 saw 358,982 tons of base oils arrive into Northwest Europe from the […]

Hapag-Lloyd Hedging its Bets for IMO 2020 08/07/2019 | By Andrew Couper

Global container line Hapag-Lloyd will comply with the upcoming 0.5%S cap through a combination of compliant fuels, employing scrubbers and by using liquefied natural gas. The container line’s primary method of compliance with the International Maritime Organization’s sulfur cap will be 0.5 percent low sulfur fuels, while scrubbers and LNG will be run on a […]

USAC Balance Report: Ethanol Gain Causes Gasoline Pain 07/26/2019 | By Andrew Couper

The EIA on Wednesday reported US East Coast gasoline stocks of 59.9 million barrels, a 409,000 bbl build over the past week, as firmer production and seasonally-strong imports were more than enough to offset summer driving demand.

Beyond 2020: In 2020 – Istanbul Bunker Supplies Without 0.5%S Fuel Oil 06/26/2019 | By Andrew Couper

With less than six months to go before the upcoming IMO 2020 sulfur cap deadline, Istanbul bunker suppliers are still unable to offer 0.5 percent bunker product to customers.

Rebecca Salsbury, Oil Market Analyst


Beyond 2020: Pyrolysis Fuel Oil Exports From Taiwan’s Formosa Gaining Popularity 06/26/2019 | By Rebecca Salsbury

As the market sped up preparations for 0.5%S bunker fuel ahead of the IMO sulfur cap, Formosa Petrochemical Corporation (FPCC) of Taiwan has started to see demand for its pyrolysis fuel oil (PFO) export.

Beyond 2020 – In the Markets: Eramet Awards Shell One-Year Fuel Oil Supply Contract 06/26/2019 | By Rebecca Salsbury

Following a tender, Paris-based Eramet awarded Shell International Eastern Trading Company a one-year contract to supply 0.7%S and 2%S fuel oil to its subsidiary, New Caledonian nickel producer Société Le Nickel (SLN) starting September 1.

Beyond 2020: In the Markets – The Great Eastern Shipping Company of India to Start Scheduled Fuel Tank Cleaning 06/26/2019 | By Rebecca Salsbury

Starting in June, The Great Eastern Shipping Company Limited, based in Mumbai, India, scheduled fuel tank cleanings for vessels that have not installed scrubbers to ensure safe and cost-efficient fuel switchover ahead of the IMO sulfur cap.

Beyond 2020: In the Markets – Frontera Energy to Market Two Grades of Colombian Vasconia Crude in 2020 06/26/2019 | By Rebecca Salsbury

Looking for new opportunities for Colombian medium-sour crude oil post 2020, Frontera Energy plans to segregate its current Vasconia stream into sweet and sour grades for two niche markets.

FOFT: Pakistan State Oil Importing HSFO for Seasonal Needs 05/01/2019 | By Rebecca Salsbury

State-owned Pakistan State Oil (PSO) returned to the international market for its supply of high sulfur fuel oil (HSFO) as demand for fuel oil in power generation is expected to exceed refinery production and inventory during the country’s peak summer season.

Josh Lowell, Senior Energy Analyst


Updated 2020 Bunker Forecast 10/02/2019 | By Josh Lowell

Back in March, ClipperData unveiled its first forecast for marine fuel demand between 2020 and 2025. In recent weeks, we have updated our projection ahead of the IMO’s forthcoming 0.5 percent sulfur cap. In our initial projection, we forecasted that shipowners in 2020 would retreat from high sulfur fuel oil (HSFO) and move to marine […]

Middle Distillates Weekly 08/23/2019 | By Josh Lowell

West African suppliers may be stocking up on IMO-complaint fuels ahead of the upcoming bunker spec change.

Market Signals Incentive to Shut FCCs Ahead of IMO 2020 07/22/2019 | By Josh Lowell

Uncertainty continues to surround the forthcoming IMO 2020 sulfur cap, even with a mere five and a half months to go before the January 1, 2020, start of the regulation. What will the makeup of marine fuel demand be after the sulfur cap goes into effect? Will compatibility concerns limit market appeal for low sulfur […]

Beyond 2020: In the Markets – Karadeniz Powership Again Weighing Transition to Natural Gas 06/26/2019 | By Josh Lowell

Ghana’s National Petroleum Corporation (GNPC) is weighing a change in the fuel diet of the 480 megawatt MV Osman Khan powership.

Beyond 2020: ClipperView 2H 2019 – Preparing for IMO 2020 06/26/2019 | By Josh Lowell

In June, ClipperData presented its latest six-month proprietary outlook at a series of events around the world, called ClipperView. This issue’s “In Perspective” will discuss four key themes that were presented, refreshed with the latest available data.

Samantha Zhang, Senior Market Data Analyst


US Gasoline Import Week: Blendstock Bounce 07/19/2019 | By Samantha Zhang

At 780,000 barrels per day, total imports of gasoline and blending components into the US East Coast are down by about 40,000 barrels per day from previous week, and a further 157,000 bpd lower if we only count volume reported to Customs.

US Gasoline Import Week: Coming Elsewhere 06/21/2019 | By Samantha Zhang

Total imports of gasoline and components into the US East Coast for the week ending June 21 were up by 71,000 barrels per day compared to the previous week at 736,000 bpd, and 75,000 bpd higher than the five-year average for this time of year.

US Import Week – Gasoline: Going North 06/14/2019 | By Samantha Zhang

Total imports of gasoline and components into the US East Coast for the week ending June 14 came in at 651,000 barrels per day, up by 109,000 bpd compared to the previous week. Still, imports are 72,000 bpd lower than the five-year average for this time of year.

U.S. Import Week: Start of Summer Strength 05/17/2019 | By Samantha Zhang

Billed deliveries into the US Atlantic Coast came in at 853,000 barrels per day for the week ending May 17. Total arrivals – including billed and unbilled volume – reached a nine-month high at 943,000 bpd, 252,000 bpd higher than the five-year average for this time of the year.

U.S. Import Week: Strength Continued 05/10/2019 | By Samantha Zhang

Billed imports of gasoline and blending components into the US East Coast came in at 766,000 barrels per day for the week ending May 10. But our calculation of 856,000 bpd in total arrivals is 90,000 bpd higher than the volume reported to Customs and 150,000 bpd higher than the five-year average for this time […]

Kaleem Asghar, Director, LNG Analytics


LNG Market Analysis for September 10/03/2019 | By Kaleem Asghar

Global exports of liquefied natural gas in September totaled approximately 29.6 million tons on board 480 vessels, considerably higher than September 2018’s pace of 27.6 million tons. Approximately 28.6 million tons arrived on 473 vessels at import terminals in September, compared to 30.7 million tons in September 2018. China did not receive any US LNG […]

LNG Market Analysis for July 09/03/2019 | By Kaleem Asghar

Global exports of liquefied natural gas in July totaled approximately 30.7 million tons on board 507 vessels, considerably higher than July 2018’s pace of 26.7 million tons. Approximately 30.5 million tons arrived on 514 vessels at import terminals in July, compared to 26.5 million tons in July 2018.  China has only received two cargoes from […]

LNG Market Analysis for June 08/01/2019 | By Kaleem Asghar

LNG Market Analysis Global export loadings of liquefied natural gas in June totaled approximately 30.9 million tons on board 487 vessels, considerably higher than June 2018’s pace of 25.2 million tons. Approximately 30.9 million tons arrived on 490 vessels at import terminals in June, compared to 25.6 million tons in June 2018. Northeast Asia took […]

LNG Daily: Market Analysis 07/23/2019 | By Kaleem Asghar

Oil prices recovered from early session losses as market focus shifted away from a weak demand forecast from the IMF to expectations of another drain on US oil supplies.

LNG Daily: Market Analysis 07/16/2019 | By Kaleem Asghar

The Trump administration’s move late Tuesday to seemingly try to downplay tensions in the Persian Gulf pushed oil prices sharply lower. Oil prices closed at $64.89/bbl for Brent and $58.03/bbl for WTI.

Ken Smithmier, Director of Market Research – Agricultural Markets


An African Swine Fever Bottom 10/04/2019 | By Ken Smithmier

Have we hit bottom? That’s the question many in the global oilseed trade are asking themselves as we inch closer to the end of a tumultuous 2019. In a January 29th blog post, Preparing for the Worst, we suggested early-year offtake trends pointed toward an 82.90 million tonne yearly import figure, while the USDA forecast […]

China Might Need The U.S. This Time 08/06/2019 | By Ken Smithmier

It was reported on Monday evening from the Chinese Ministry of Commerce that Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump announcing that he intends to place a 10 percent tariff on an additional $300 billion of goods starting on September 1st.  The Ministry of Commerce also said they would […]

Oilseed Weekly: US Loadings Bounce as ASF Spreads 07/26/2019 | By Ken Smithmier

Global oilseed loadings saw a solid rebound last week as China continues to pull in supplies originating in the US, but for the month, shipments are still down 14 percent from last year.

US Corn Export Outlook 07/24/2019 | By Ken Smithmier

With six weeks left in the 2018-19 marketing year, US corn exports are struggling to find their footing as South American loadouts take center stage. US loading marketing year-to-date have totaled 43.60 million tonnes with the USDA now forecasting 2018-19 export demand at 53.34mn tonnes. The US will need to ship 1.62mn tonnes per week […]

Global Oilseed Weekly: US Soys Sales Questions 07/12/2019 | By Ken Smithmier

Global oilseed loading increased last week to 2.71 million tonnes, up 27 percent from the week prior and up 5 percent from the same week last year.

Noam Raydan, Geopolitical Analyst


Saudi Crude: Pushed from US, Pulled to Asia 09/19/2019 | By Noam Raydan

Saudi barrels are being simultaneously pushed away from the US and pulled towards Asia. Saudi crude oil exports to East Asia so far this year have increased by 467,000 barrels per day versus 2018, accounting for over 20 percent of East Asia’s total crude imports. At the same time, Saudi oil exports to the United […]

Iraq and Iran From a Crude Perspective 09/06/2019 | By Noam Raydan

If there is one area where Iraq is taking advantage of Iran’s diminishing influence, it is in the oil market. Tehran’s influence in Iraq is multifaceted and the relationship between the two neighbors is deep and complex. In the oil market, however, things are different for these two OPEC rivals. Iraq took advantage of the […]

GeopoliticOIL: What to Watch – Middle East and North Africa 07/24/2019 | By Noam Raydan

British-flagged LPG vessels are headed to the Persian Gulf as London works to resolve the issue surrounding a tanker detained offshore Iran. One VLCC is also expected to sail to Iraq over the weekend.

Too Loud to Think in the Strait of Hormuz 07/23/2019 | By Noam Raydan

  While the United States and Iran continue to flex their muscles and thumb their noses at each other, it’s the United Kingdom that is getting pulled directly into the crisis. On July 4, ironically US independence day, the British Royal Marines detained VLCC Grace 1 in Gibraltar on suspicion it was carrying Iranian oil […]

GeopoliticOIL: Persian Gulf 07/17/2019 | By Noam Raydan

Amid concerns over oil supplies from the gulf, China’s imports of Saudi crude oil hit a record high last month and remain strong so far in July.

Dan Graeber, Chief Editor


The Geopolitical Energy and Risk Monitoring Report 10/14/2019 | By Dan Graeber

Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- […]

The Geopolitical Energy and Risk Monitoring Report 10/07/2019 | By Dan Graeber

The Geopolitical Energy and Risk Monitoring Report Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Orange […]

The Geopolitical Energy and Risk Monitoring Report 09/30/2019 | By Dan Graeber

Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Orange RED: Severe (+/- 4%) ORANGE: High (+/- […]

The Geopolitical Energy and Risk Monitoring Report 09/23/2019 | By Dan Graeber

Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Red RED: Severe (+/- 4%) ORANGE: High (+/- […]

The Geopolitical Energy and Risk Monitoring Report 09/16/2019 | By Dan Graeber

Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Red RED: Severe (+/- 4%) ORANGE: High (+/- […]

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Hard Data

In the world of waterborne energy trading, it’s all about the hard data


These days just about anyone can track a tanker on a map. You can do that for free.

Some of us go further, and apply state-of-the-art predictive algorithms to deduce the tanker’s destination and ETA. And depending on the size of the tanker and where it loaded you can guess at the grade of the cargo.

But that’s all based on what is known in the business as soft data. It’s based on interpretation and conjecture. And let’s face it, no matter how ingenious your algorithms may be, their output is going to suffer if you’re feeding them ambiguities and contradictions.


The solution is to apply a hard-data overlay to your soft-data baseline. Hard data comes from the people who load or discharge the tanker, or are otherwise responsible for the molecules onboard. There is no guesswork involved. Hard data is based on hard facts.

In the US, ClipperData receives bills of lading from the US Customs and Border Protection agency in near real-time. We have been receiving export bills since 2014, and import bills going all the way back to 2009. So if a tanker touches US shores, ClipperData can tell you the exact grades and quantities that make up that cargo. Outside the US, ClipperData relies on agent reports and local sources to build our hard-data overlay.


Granularity

In 2018, our algorithms matched hard-data sources to 45 percent of refined products movements and more than 50 percent of crude oil movements worldwide. In some particularly difficult-to-disentangle regions, our hard-data source match rates are above 90 percent.

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Wondering if that clean cargo from ARA is gasoline or gasoil? If that Iraqi crude cargo is Basrah Heavy or Basrah Light?
Only ClipperData can tell you that.

In 2018 the Russian port of Ust-Luga loaded cargoes of gasoil, jet fuel, naphtha, and gasoline, but one of those grades accounted for 82% of total volume.
Only ClipperData can tell you which one.

In 2018 India decreased its year-on-year imports of one Basrah grade by a few percent, but increased imports of the other grade by over 40%.
Only ClipperData can tell you which is which.

In early 2018 the VLCC Karan loaded offshore Galveston via ship-to-ship transfer from four Aframaxes. If you were relying on soft data, all you knew was that the originating tankers loaded twice from Corpus Christi, once from Beaumont, and once from Freeport. So that’s about 1m bbls of Eagle Ford, 500k bbls of US crude, and 500k bbls of either US or Canadian crude (the Freeport loading was from the Seaway Terminal, which loads Canadian crude as well as US crude).

Thanks to its hard-data sources, ClipperData knew that part of the Eagle Ford loading was actually condensate, and that the rest of the barrels were a combination of Bakken and DJ Common – no Canadian barrels there. We also knew the exact quantities, and the shippers who had combined to build the cargo: Mercuria, Total, Statoil (now Equinor), and Trafigura.

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Trusted by the Top Ten

ClipperData invented this space – previously handled by in-house teams of analysts at the houses that trade energy. With a five-year head start on our competitors, we have spent more time testing, refining and perfecting our craft.

We took a bet on the value of hard data in an ever-complex, ever-changing trading environment, and we locked up the best-of-breed providers of that insight. We use that hard-data overlay every day, to teach our models, to re-examine history, and to override standard assumptions.

All oil supermajors and super merchant traders rely on ClipperData

It’s no coincidence that you don’t see these heavy hitters jumping at the latest new whiz-bang screen being offered at half-price in the marketplace. They know what it takes to do the hard yards on the hard data and grind out results that correlate with reality.  And they know it can’t be done for half the price.

So if you want to see what the big guys are seeing, you need to look at Clipper. Because everything else is just a shiny new toy.

Maps

ClipperData’s best-in-class cargo map tracks real-time vessel movements across the globe.

Users can view a vessel’s status, type and class, AIS position details, and learn its likely destination and ETA. ClipperData customers can also view detailed cargo data, including hard-data breakdowns of grade and volume.

New features include real-time and historical weather patterns, zone entry and exit alerts, emission control areas, and animated voyage replays.

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