In the above video, Robert Kunkle, Technical Advisor at Mid Ocean Tanker Company (MOTC) talks with CNBC about the impact of Hurricane Sandy to the tanker trade in and out of the Port of New York and New Jersey.
Yesterday, MOTC’s Jones Act tanker, the American Phoenix, was steaming north to New York with a full cargo of West Texas Sweet Crude, however as of this morning, she is moored in Delaware Bay while the Port of New York and New Jersey reopens to commercial traffic.
The following is a video of the American Phoenix being launched from BAE Systems’ Alabama shipyard.
Scorpio Tankers Inc. (NYSE: STNG) announced Monday it has signed letters of intent to construct two Very Large Crude Carriers at Hanwha Ocean in South Korea, marking a strategic shift...
BAGHDAD, Nov 10 (Reuters) – Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the Russian company’s international...
Import cargo volume at major U.S. container ports is forecast to hit its slowest monthly levels of the year in November and December as retailers complete their holiday stockpiling amid...
November 10, 2025
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