Thursday, August 12, 2021
Oil tanker in Ningbo Zhoushan port

Oil Supertankers in Doldrums With Bunker Costs High

By Damian Shepherd (Bloomberg) — The summer doldrums are here for oil supertankers. Freight rates on the benchmark route from the Middle East to Asia have slipped to their lowest levels...

August 12, 2021
Total Views: 1290

Tuesday, March 10, 2020
vlcc tanker
Maritime News

Saudis Make Rare Supertanker Bookings to Carry Flood of Oil

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the kingdom’s crude to U.S. customers in what shipbrokers...

March 10, 2020
Total Views: 70

Thursday, November 7, 2019
oil tanker loading
Maritime News

Texas Coast Supertanker Terminal On Track for Late 2022

By Devika Krishna Kumar NEW YORK, Nov 7 (Reuters) – Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable...

November 7, 2019
Total Views: 8

Friday, September 27, 2019
vlcc supertanker
Maritime News

Tanker Rates Soar as U.S. Sanctions Rattle Crude Trade

By Florence Tan and Chen Aizhu SINGAPORE, Sept 27 (Reuters) – Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global...

September 27, 2019
Total Views: 34

Monday, June 3, 2019
vlcc tanker
Maritime News

Record Number of Supertankers Loading at Louisiana Offshore Oil Port

By Collin Eaton HOUSTON, June 3 (Reuters) – Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers...

June 3, 2019
Total Views: 17

Tuesday, October 30, 2018
vlcc tanker
Maritime News

Replacing Iran’s Lost Oil Supply a Boon for Supertankers

By Alex Longley (Bloomberg) — Higher OPEC oil production and longer voyages are propelling shipowners back to good times. Just a month ago, hiring a supertanker for the benchmark Middle East Gulf-to-China...

October 30, 2018
Total Views: 23

Tuesday, August 14, 2018

Indian VLCC Suffers Explosion Off Oman

Update: SCI Confirms Two Casualties from VLCC Explosion A VLCC belonging to the Shipping Corporation of India suffered an explosion in a cargo tank on Tuesday off the coast of...

August 14, 2018
Total Views: 47

Monday, July 30, 2018
us oil exports
Maritime News

Port of Corpus Christi Bond Sale Raises $216.2 Million for Ship Channel Dredging Project

The Port of Corpus Christi has sold over $216 million in bonds to help finance the deepening and widening of the Corpus Christi Ship Channel. Currently at a depth of...

July 30, 2018
Total Views: 12

Friday, June 29, 2018
ULCC TI Europe

Euronav Acquires Second of Two 3-Million-Barrel Supertankers Left in the World

Belgian tanker company Euronav has purchased the Ultra Large Crude Carrier Seaways Laura Lynn, making it the proud owner of the only two ULCCs in the world capable of holding...

June 29, 2018
Total Views: 435

Wednesday, June 20, 2018

Enterprise Expects to Load First Supertanker at Texas City Terminal Later This Month

NEW YORK, June 20 (Reuters) – Seaway Crude Pipeline Company LLC, a joint venture between Enterprise Products Partners LP and Enbridge Inc, plans to load its first supertanker this month...

June 20, 2018
Total Views: 24

Friday, April 27, 2018

PHOTOS: Texas City Hosts First Supertanker

By Alaric Nightingale (Bloomberg) — A 2 million barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to...

April 27, 2018
Total Views: 23

Monday, December 4, 2017
Great Eastern Shipping's tanker M/V Jag Lavanya
Maritime News

Indian State Oil Refiners Look To Boost Domestic Shipping

By Nidhi Verma (Reuters) – Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender...

December 4, 2017
Total Views: 50

Friday, September 1, 2017
oil tanker

VLCC Rates Continue to Sink On Tonnage Oversupply

By Keith Wallis Sept 1 (Reuters) – Freight rates for very large crude carriers (VLCCs) on Asian routes continue to sink on a glut of available tonnage as owners wait for...

September 1, 2017
Total Views: 1

Friday, July 28, 2017
oil tankers

Owners of Modern VLCCs Could See Rates Blip in Market Under Pressure

SINGAPORE, July 28 (Reuters) – Owners of modern very large crude carriers (VLCCs) could see a gain in charter rates amid tightening vessel supply but freight rates, especially for older...

July 28, 2017
Total Views: 5

Friday, July 14, 2017
Maritime News

VLCC Rates Under Pressure as Spare Tonnage Builds

By Keith Wallis SINGAPORE, July 14 (Reuters) – Freight rates for very large crude carriers (VLCCs) are coming under pressure from a build up in ships waiting for new charters...

July 14, 2017
Total Views: 51

Friday, June 30, 2017

VLCC Rates to Stay Flat as Old and Modern Ships Compete for Cargo

By Keith Wallis SINGAPORE, June 30 (Reuters) – Freight rates for very large crude carriers (VLCCs) are likely to remain flat next week, a situation that could well last until...

June 30, 2017
Total Views: 5

Friday, June 23, 2017

VLCC Rates May Edge Up on Floating Storage, August Charters

By Keith Wallis SINGAPORE, June 23 (Reuters) – Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for floating storage and crude oil...

June 23, 2017
Total Views: 5

Friday, June 9, 2017

VLCC Rates Face Uncertain Direction on Qatar Tensions, Middle East Cargo Program

By Keith Wallis SINGAPORE, June 9 (Reuters) – Freight rates for very large crude carriers (VLCCs) face an uncertain week, possibly coming under pressure from a dearth of new Middle...

June 9, 2017
Total Views: 19

Wednesday, April 19, 2017

Salvors Working to Refloat Grounded VLCC in Java Sea

Salvors continue to work on refloating a Euronav very large crude carrier (VLCC) which ran aground in soft mud last week in the Java Sea. Euronav reports that since April...

April 19, 2017
Total Views: 27

Thursday, April 13, 2017

Very Large Crude Carrier Aground in Java Sea

A very large crude carrier belonging to Belgian tanker company Euronav ran aground Wednesday while carrying a cargo of crude oil through the Java Sea, but the ship manager says the...

April 13, 2017
Total Views: 47