Oil Tankers

Tanker shipping news – VLCC and Aframax crude rates, product tanker fixtures, chemical carrier demand, sanctions fleet shifts and crude oil tankers.

Monday, January 20, 2014
bw group
News

BW Adds Options to Build More Large Gas Carriers

BW LPG confirmed today that they have negotiated a plan with Hyundai Heavy Industries to move the construction timeline 10 months to the left on their pair of

January 20, 2014
Total Views: 67

Saturday, January 18, 2014
International Refiners Rush To Ship Gasoil, Diesel To Freezing U.S.

International Refiners Rush To Ship Gasoil, Diesel To Freezing U.S.

Refiners in Asia, Europe and Russia are shipping around half a million tonnes of heating oil and diesel to the United States this month after bitterly cold

January 18, 2014
Total Views: 61

Tuesday, January 14, 2014
pacific sky tanker product
News

First Jubail Diesel Cargo Adds To Pain For Europe’s Refiners

Diesel from the new Jubail refinery in Saudi Arabia will head to Europe for the first time this month, piling pressure on refineries already battered by huge

January 14, 2014
Total Views: 60

Monday, January 13, 2014
product tanker mr oil ship
News

Transatlantic Clean Tanker Rates Rally To 5-Month High

Clean tanker rates on major export routes were mostly lower on Monday while firmer bookings helping to lift the transatlantic market to its highest level in

January 13, 2014
Total Views: 92

overseas shirley tanker osg
News

OSG to Outsource Technical Ship Management

Overseas Shipholding Group, Inc. (OTC:OSGIQ) has announced today that V.Ships will now take on the role of technical manager for their entire fleet of

January 13, 2014
Total Views: 185

MAN B&W Diesel 7S70ME-C
Engineering News

Nakilat to Repower Q-MAX LNG Carrier with Dual Fuel ME-GI Engine

Qatari shipping company Nakilat, the world’s largest owner of LNG carriers, along with Qatari LNG producers Qatargas, RasGas and engine manufacturer MAN

January 13, 2014
Total Views: 490

Sunday, January 12, 2014
maersk nautilus tanker vlcc crude carrier
News

Shipowners Make Big Bets on Markets and Evolving U.S. Export Policies

With the holidays behind us, shipping slowly returns to daily routine of moving cargoes (we should never forget what shipping is all about) and everyone having

January 12, 2014
Total Views: 271

Thursday, January 9, 2014
Crude Tanker Market Recovery Hinges on Ending U.S. Export Ban

Crude Tanker Market Recovery Hinges on Ending U.S. Export Ban

The recovery propelling shipping markets is poised to leave crude-oil tankers behind, unless the U.S. changes its 39-year-old ban on most unrefined

January 9, 2014
Total Views: 114

Thursday, December 26, 2013
iver expert
News

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

December 26, 2013
Total Views: 93

Wednesday, December 25, 2013
american petroleum tankers golden state
Finance

Private Equity Investing and the Jones Act

In a week expected to be dominated by otherwise routine festive celebrations, Kinder Morgan Energy Partners, L.P. (NYSE: KMP) announced that it has entered

December 25, 2013
Total Views: 1333

Monday, December 23, 2013
Pelican state american petroleum tankers
News

Kinder Morgan to Acquire Jones Act Tanker Companies

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) has announced a signed agreement today to acquire Jones Act tanker companies American Petroleum Tankers (APT)

December 23, 2013
Total Views: 151

qatargas duhail lng carrier
News

Qatar to Boost Europe LNG Sales as Gas Trades at 7-Year High

Dec. 23 (Bloomberg) — Qatar is poised to boost contracted liquefied natural gas exports to Europe by the most in five years as prices in the region are

December 23, 2013
Total Views: 80

pertamina
News

Indonesia’s Pertamina Predicts 36 Fewer LNG Cargoes In 2014

Indonesian state-owned energy firm Pertamina will produce 17 percent less liquefied natural gas (LNG) in 2014, a company official

December 23, 2013
Total Views: 60

Friday, December 20, 2013
Front Warrior Frontline Tankers Suezmax
News

Rates for Large Crude Carriers Could Inch Lower As Market Enters Holiday Mode

Dirty tanker rates on key Asian freight routes could edge down next week due to year-end holidays, but are likely to remain firm, ship brokers said on

December 20, 2013
Total Views: 165

Thursday, December 19, 2013
osg
Finance

OSG’s Tax Liability $199 Million Less Than Previously Thought

Beleaguered tanker company Overseas Shipholding Group Inc. (OSG), saw today its stock jumping 36%, amid very heavy trading. The stock closed at $6.05 per

December 19, 2013
Total Views: 58

Wednesday, December 18, 2013
hsh nordbank
News

Navios Acquires 10 Ships from HSH Norbank Debtors, Additional Ships Possible

Navios Europe Inc. announced today they have acquired ten vessels from debtors of HSH Nordbank AG including five product tankers and five Panamax and

December 18, 2013
Total Views: 72

Tuesday, December 17, 2013
OSG Jones Act Tanker Secures Record-Breaking Charter
Interesting

OSG Jones Act Tanker Secures Record-Breaking Charter

A Jones Act tanker was recently chartered for six months at a record high rate of $110,000 per day, market sources said, the latest sign of how surging U.S.

December 17, 2013
Total Views: 117

Monday, December 16, 2013
product tanker mr tanker
News

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

December 16, 2013
Total Views: 43

Sunday, December 15, 2013
national iranian tanker company
News

Reactivating the National Iranian Tanker Company Fleet, and Its Negative Impact

For the tanker market, the breakthrough in Iranian talks in November will have a significant impact on the VLCC tanker market. For curtailing its nuclear

December 15, 2013
Total Views: 221

ras lanuf oil terminal
News

Libya’s Eastern Oil Ports Stay Shut, Constraining Crude Sales

Dec. 15 (Bloomberg) — A Libyan rebel leader refused to hand over control of three oil ports to the government, keeping a lid on the North African

December 15, 2013
Total Views: 69