floating oil storage

Thursday, November 19, 2015
Maritime News

Tanker Rate Spike Dents Floating Storage Effort

By Jonathan Saul and Libby George LONDON, Nov 19 (Reuters) – Record high freight rates are creating more headaches for traders looking to house millions

November 19, 2015
Total Views: 23

Friday, November 13, 2015
Maritime News

Tanker Backlog Threatens World Oil Market Gridlock

By Jonathan Saul and Libby George LONDON, Nov 13 (Reuters) – As land storage sites worldwide reach brimming point due to a supply glut, tens of millions

November 13, 2015
Total Views: 5

Monday, September 28, 2015
Maritime News

Oil Traders Look to the Sea for Profit Amid Price Collapse

  By Ben Sharples and Naomi Christie (Bloomberg) — The global oil glut may soon expand to the ocean. While traders are already cashing in on the

September 28, 2015
Total Views: 3

Monday, September 21, 2015

Singapore’s Record High Fuel Oil Stockpiles Driving Storage at Sea

  By Jessica Jaganathan SINGAPORE, Sept 21 (Reuters) – Record high stocks of fuel oil in Singapore are pushing traders to store the shipping and

September 21, 2015
Total Views: 9

Tuesday, January 13, 2015
TI Oceania

Oil Traders Seen Storing 25 Million Barrels of Crude at Sea

Oil traders have booked at least 12 tankers to store 25 million barrels of crude at sea in a further sign of a build-up in global stocks, according to shipping

January 13, 2015
Total Views: 21

Wednesday, October 15, 2014

Floating Storage Stalls Despite Falling Oil Prices

Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for

October 15, 2014
Total Views: 3