Monday, September 29, 2014
Saturday, February 15, 2014
Concordia Maritime Shares Gain on New Charter Contract with Shell
Concordia Maritime (STO:CCORB) announced on Friday a signed agreement with Shell Tankers Singapore Pte Ltd for the charter of the 65,200 dwt P-MAX tankers Stena Penguin and Stena Progress. “Generally speaking,...
Thursday, December 26, 2013
Los Angeles Gasoline Gains With Ships Chartered From West Coast
Dec. 26 (Bloomberg) — Los Angeles gasoline climbed to the highest level against futures in six weeks after three ships were chartered off the U.S. West Coast, pulling supplies from...
Monday, December 16, 2013
U.S. Trade Talks Could Deliver Cheaper Energy For Europe
By Barbara Lewis and Robin Emmott BRUSSELS, Dec 16 (Reuters) – European negotiators, hoping to cut fuel bills, will press their U.S. counterparts in Washington this week on including energy...
Wednesday, October 30, 2013
Hyundai Mipo Wins Order for 16 Clean Product Tankers
Hyundai Mipo added nearly a half billion dollars to their backlog today with a 16-ship order from an undisclosed Middle Eastern shipowner today. The order consists of six chemical carriers...
Tuesday, October 22, 2013
Wednesday, October 16, 2013
Clean Transatlantic Tanker Rates Stay Weak On Slow Demand
LONDON, Oct 16 (Reuters) – Transatlantic clean tanker rates stayed pressured on Wednesday as slow bookings and a build up of vessels took their toll on sentiment. Rates for medium-range...
Friday, August 9, 2013
Aker and Crowley Announce Partnership to Build up to 8 Jones Act Tankers
Aker Philadelphia Shipyard (APSI) and Crowley Corporation have announced today a partnership to build four Jones Act-compliant, 50,000 dwt, 330,000-barrel product tankers, plus options to build another four product tankers....
Monday, July 8, 2013
Transatlantic Clean Tanker Market Seen Supported For Now
LONDON, July 8 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday although the transatlantic market remained supported by U.S. bookings....
Monday, June 24, 2013
Transatlantic Clean Tanker Rates Boosted By Firmer Bookings
Clean tanker rates for refined petroleum products on top export routes were mostly softer on Monday although firmer bookings boosted earnings in the transatlantic market.
Monday, May 20, 2013
Transatlantic Clean Tanker Rates Hit By Ship Surplus
LONDON, May 20 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up of vessels putting...
Thursday, May 16, 2013
d’Amico Exercises Option for Pair of Eco-Product Tankers from HMD
d’Amico International Shipping S.A. (Borsa Italiana: DIS), announced today that it has exercised its option to purchase two additional 50,000 DWT “Eco”-product/chemical tankers from Hyundai Mipo Dockyard in South Korea....
Monday, May 13, 2013
Transatlantic Clean Tanker Rally Runs Out of Steam
Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday with a rally on the transatlantic market running out of steam.
Thursday, May 2, 2013
Wednesday, April 24, 2013
Sungdong Shipyard Delivers LR1 Product Tanker to Navios
Piraeus-based tanker owner, Navios Maritime Acquisition Corporation (NYSE: NNA) announced the delivery today of the Nave Atropos, a 74,695 dwt LR1 product tanker, from Sungdong Shipyard in South Korea. Nave Atropos...
Monday, April 22, 2013
Transatlantic Clean Tanker Rates Rally to 2-Month High
LONDON, April 22 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday while active bookings pushed the transatlantic market to its...
Wednesday, April 3, 2013
Gasoline Cargoes to U.S. Seen Increasing in Shipbroker Survey
(Bloomberg) — The number of gasoline cargoes booked on tankers for shipment to the U.S. will expand in the next two weeks, according to a Bloomberg survey. Traders will charter...
Tuesday, March 5, 2013
Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products
(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of three-decades-old laws banning most crude exports. Earnings for...
Thursday, February 28, 2013
Product Tanker Owners Set to Profit on Greater Exports of U.S. Naphtha
(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for every additional 100,000 barrels shipped daily,...
Thursday, February 7, 2013
The Dark Ages for Product Tankers Looms on the Horizon [REPORT]
(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of the vessels caps...
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