Are Traders Chartering Supertankers to Store Crude?
Oil trading companies have chartered around fifteen supertankers in January, possibly to take advantage of slumping ...
read more →World Chokepoints Key for Oil Transit
World chokepoints for maritime transit of oil are a critical part of global energy security because of the high ...
read more →Platts: VLCC Rates on the Rebound
Worldscale rates for VLCCs on the East of Suez routes have reached more than nine-month highs, Platts cited market ...
read more →Lower US Demand Reshuffles West African Crude Moves
West African crude moves have shifted from the U.S. to Europe as lower demand from the U.S. has forced a reshuffle ...
read more →Clarksons: Caribbean Crude Exports to Boost VLCC Demand
The Caribbean region is raising in popularity when it comes to crude export with tonne-mile exports doubling in ...
read more →Suncor Sends Its First Crude-Laden Tanker to Europe
Suncor Energy Inc, a Canadian oilsands company, is sending its first ever tanker of Western Canadian heavy crude ...
read more →VLCCs Flocking to the Caribbean
An average of 25 vessels per month are fixed from the Caribbean to Asia so far in 2014, not only to China, but ...
read more →UPDATE 2: Kurdish Crude Tanker Reappears. Still Not Unloaded.
The tanker United Kalavrvta (formerly SCF BYRRANGA) carrying one million barrels of Kurdish oil, which disappeared ...
read more →KPC to Double Crude Export to China
Kuwait Petroleum Corporation (KPC) has signed a historic deal with China’s Unipec which will see almost ...
read more →Crude Oil Tanker Market Going Strong
Crude oil tankers have shown incredibly positive momentum going into Q3. Earnings surpassed the expected ceiling at ...
read more →China’s Shipping Giants Form USD 1.1 Bln Joint Venture
China’s two shipping giants China Merchants Energy Shipping Co Ltd (CMES) and Sinotrans & CSC Holdings ...
read more →Corpus Christi’s June Stats Up
The Port of Corpus Christi has reported that their statistics for June, 2014 show the continuing upward trend of ...
read more →EURONAV Resumes Its Shopping Spree
Crude tanker company EURONAV is further strengthening its fleet capacity and this time with a deal to purchase four ...
read more →First Vessels Load Crude from Libyan Ports
Two vessels loaded crude from the Mellitah export terminal and one from Marsa al-Hariga port in Libya over the ...
read more →Newbuild Crude Tankers Rise in Popularity
Low shipbuilding prices and the North American energy boom are leading ship operators and investors to finance ...
read more →COSCO to Acquire Bulk Vessels and Crude Carriers
China COSCO Holdings inked deals with two Chinese shipyards to take over four 64,000 deadweight ton bulk vessels ...
read more →TEN, Statoil to Build Up to Nine Aframaxes Crude Tankers
Tsakos Energy Navigation Limited yesterday reported the strategic partnership with Statoil, an international energy ...
read more →G E Shipping: Crude Tanker Market Continues to Underperform
The Board of Directors of the Great Eastern Shipping Company Ltd. (G E Shipping) today approved the Audited Results ...
read more →Vietnam: Dung Quat Shipyard Delivers Crude Oil Tanker ...
After completing PVT MERCURY, on 3rd June 2012 Dung Quat Shipyard (DQS) organized inauguration and ...
read more →OSC Takes Delivery of Its New Very Large Crude Carrier ...
Oman Shipping Company S.A.O.C. (OSC) took delivery of a Very Large Crude Carrier (VLCC) “IZKI”, yesterday, at ...
read more →China: Jinhai Heavy Starts Construction of Crude Oil ...
On Oct.18th the steel cutting ceremony for 320,000 DWT Crude Oil Tanker J0132, which will be built by Zhongji ...
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