Friday, January 31, 2020
cosco tanker
Maritime News

U.S. Lifts Sanctions on COSCO Tanker Unit

By Humeyra Pamuk and Timothy Gardner WASHINGTON, Jan 31 (Reuters) – The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO,...

January 31, 2020
Total Views: 29

Thursday, December 19, 2019
cosco tanker
Maritime News

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...

December 19, 2019
Total Views: 2

Thursday, December 5, 2019
tanker
Maritime News

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...

December 5, 2019
Total Views: 13

Thursday, November 7, 2019
port headland bhp billiton
Maritime News

BHP Says It’s Been Unaffected by COSCO Sanctions

LONDON, Nov 7 (Reuters) – The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world’s biggest dry bulk shipper BHP ,...

November 7, 2019
Total Views: 8

Wednesday, November 6, 2019
tanker
Maritime News

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...

November 6, 2019
Total Views: 8

Tuesday, October 29, 2019
ship navigation bridge
Maritime News

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...

October 29, 2019
Total Views: 1

Friday, October 25, 2019
tanker at sea
Maritime News

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...

October 25, 2019
Total Views: 7

Thursday, October 24, 2019
cosco tanker
Maritime News

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...

October 24, 2019
Total Views: 20

offshore oil rig
Offshore

China’s CNOOC Discusses Sanctions Impact

BEIJING, Oct 24 (Reuters) – CNOOC, China’s largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there...

October 24, 2019
Total Views: 1

Tuesday, October 22, 2019
tanker at sea
Maritime News

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...

October 22, 2019
Total Views: 16

lng carrier eduard toll
Maritime News

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...

October 22, 2019
Total Views: 51

Wednesday, October 16, 2019
tanker deck
Maritime News

COSCO Supertanker Wins Temporary U.S. Waiver

SINGAPORE, Oct 16 (Reuters) – A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the ship to discharge crude oil...

October 16, 2019
Total Views: 2

cosco tanker
Maritime News

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...

October 16, 2019
Total Views: 19

Thursday, October 10, 2019
oil tanker photo
Maritime News

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...

October 10, 2019
Total Views: 25

ship anchorage
Maritime News

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,...

October 10, 2019
Total Views: 17

Wednesday, October 9, 2019
cosco tanker
Maritime News

COSCO Tankers Go Dark Amid U.S. Sanctions

By Shu Zhang and Roslan Khasawneh SINGAPORE, Oct 9 (Reuters) – About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since...

October 9, 2019
Total Views: 19

Tuesday, October 8, 2019
tanker at sea
Maritime News

Tanker Earnings Top $100,000-a-Day Mark

By Firat Kayakiran and John Deane (Bloomberg) –Oil-tanker earnings surged above the $100,000-a-day marker on the benchmark route as a looming ship-fuel revolution combined with U.S. sanctions to supercharge rates....

October 8, 2019
Total Views: 22

Monday, October 7, 2019
Maran Andromeda supertanker
Maritime News

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...

October 7, 2019
Total Views: 8

Friday, October 4, 2019
vlcc tanker
Maritime News

$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...

October 4, 2019
Total Views: 16

Wednesday, October 2, 2019
oil tanker loading
Maritime News

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....

October 2, 2019
Total Views: 18