Friday, January 31, 2020
Thursday, December 19, 2019
Trump Administration Extends COSCO Tanker Unit Waiver
WASHINGTON, Dec 19 (Reuters) – The Trump administration on Thursday renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese tanker company on which...
Thursday, December 5, 2019
Oil Tankers Idling Off China Hold Key to Shipping Rates
By Bloomberg News (Bloomberg) — The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates. The...
Thursday, November 7, 2019
Wednesday, November 6, 2019
U.S. Sets Sights on Shipping Companies for Sanctions Evasions
By Jonathan Saul LONDON, Nov 6 (Reuters) – The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp...
Tuesday, October 29, 2019
COSCO Tanker Sanctions Seen Denting Demand for High Sulphur Fuel Oil
By Noah Browning LONDON, Oct 29 (Reuters) – U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result — less burning of the dirtiest...
Friday, October 25, 2019
Tankers Sail After U.S. Gives Time to Wind Down COSCO Deals
By Jonathan Saul and Collin Eaton LONDON/HOUSTON, Oct 25 (Reuters) – At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval...
Thursday, October 24, 2019
U.S. Waiver Offers Grace Period to Wind Down Business with COSCO Tanker Units
WASHINGTON, Oct 24 (Reuters) – The U.S. Treasury Department on Thursday issued a nearly two-month waiver for companies to wind down transactions with a Chinese tanker company it sanctioned last...
Tuesday, October 22, 2019
China Dominates in Oil Tanker Market as Refiners Prepare for IMO 2020
By Firat Kayakiran and Olivia Konotey-Ahulu (Bloomberg) –China’s demand for crude oil shows no signs of abating. There are currently more supertankers bound for the Asian nation than at any...
Teekay’s Icebreaking LNG Carriers No Longer Considered ‘Blocked’ Under U.S. Sanctions
The joint venture operating icebreaking LNG carriers for Yamal LNG have been exempted from U.S. sanctions against COSCO tanker units, Russian natural gas producer Novatek said Tuesday. Novatek, which operates...
Wednesday, October 16, 2019
U.S. ‘Deeply Concerned’ About Chinese Tankers Going Dark
By Timothy Gardner and Arshad Mohammed WASHINGTON, Oct 16 (Reuters) – The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments...
Thursday, October 10, 2019
Phillips 66 Charters Supertanker for Record $14 Million as Rates Surge
NEW YORK, Oct 10 (Reuters) – Phillips 66 tentatively chartered a supertanker to ship U.S. crude from the U.S. Gulf Coast to South Korea for a record $14 million this...
COSCO Unit’s Tanker Delivers Oil to Exxon in Singapore
By Florence Tan and Shu Zhang SINGAPORE, Oct 10 (Reuters) – A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil,...
Wednesday, October 9, 2019
Tuesday, October 8, 2019
Monday, October 7, 2019
Occidental Books U.S.-Asia Tanker for Record $13.5 Million
HOUSTON/NEW YORK, Oct 7 (Reuters) – Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three...
Friday, October 4, 2019
$12 Million: Tanker Rates Soar to New Record as U.S. Sanctions on COSCO
NEW YORK, Oct 4 (Reuters) – Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on...
Wednesday, October 2, 2019
COSCO Sanctions Send U.S. to Asia Tanker Rates to Record High
By Collin Eaton and Devika Krishna Kumar HOUSTON/NEW YORK, Oct 2 (Reuters) – Freight rates for U.S. crude tankers bound for Asia hit an all-time high on Wednesday as U.S....
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