Newbuild Supertanker Orders Hit Record High, Surpassing 2008 Peak
The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a collapse in rates.
The VLCC Nave Quasar arrives at Enterprise’s Texas City terminal for a test loading on April 26, 2018. Photo: Trey Beazley
NEW YORK, June 20 (Reuters) – Seaway Crude Pipeline Company LLC, a joint venture between Enterprise Products Partners LP and Enbridge Inc, plans to load its first supertanker this month at its Texas City marine terminal:
* VLCC FPMC C Melody will be loaded with about 1.1 million bbls (2-million-bbl capacity); remaining crude to be transferred in a lightering zone
* The VLCC was anchored near Houston as of Wednesday – Thomson Reuters vessel tracking data/shipping source
* Enterprise said Midland-Sealy pipeline reached full service capabilities in April and is currently moving volumes at full capacity
* Enterprise is evaluating an NGL pipeline conversion to crude to add capacity
* Enterprise crude exports were about 724,000 bpd in May-presentation (Reporting by Devika Krishna Kumar in New York; Editing by Dan Grebler)
(c) Copyright Thomson Reuters 2018.
Updated: November 7, 2023 (Originally published June 20, 2018)
This article contains reporting from Reuters, published under license.
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