Tuesday, August 16, 2011
Frontline titan orion vlcc oil tanker ship

ASIA TANKER: VLCCs Hurt By Oversupply

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude tanker market may stay depressed by heavy supply as September booking begins, but

August 16, 2011
Total Views: 7

Thursday, August 11, 2011
Teekay_Shipping Logo

Teekay Narrows 2Q Loss On Lighter Derivative Impact

(Dow Jones) Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company posted a slimmer loss on derivative instruments than the

August 11, 2011
Total Views: 2

Wednesday, August 10, 2011
Atlantic Pioneer crude oil tanker

ASIA TANKER: VLCCs Lowest Since Early February, But May Recover

SINGAPORE (Dow Jones)–Asia’s crude tanker market may bottom out in the coming week, with charterers rushing to fix cargoes before the completion of

August 10, 2011
Total Views: 6

Thursday, August 4, 2011
nyk line

$680,000 per day in ship’s fuel costs… ouch. ***UPDATE***

Correction to this article…  Ship brokers MJLF & Associates pointed out to us this morning that VLCCs burn ~100MT of fuel per day, which results in

August 4, 2011
Total Views: 251

Tuesday, August 2, 2011
Formosa petrochemical fire
Fire Incidents

7th fire this year in Taiwanese refinery depresses Asian tanker market… seriously Taiwan, WTF?

  Photo: Liao Shu-ling, Taipei Times SINGAPORE (Dow Jones)–The freight market for vessels carrying clean petroleum products may weaken in the coming

August 2, 2011
Total Views: 1

Monday, August 1, 2011
OSG Lightering tanker Gulf of Mexico

Traders Eye Gulf of Mexico Oil Tanker Play

Spread Between Futures Contracts Makes Stashing Crude Offshore Attractive LONDON (Dow Jones)—Storing oil in tankers offshore is on the rise again in the

August 1, 2011
Total Views: 8

Wednesday, July 27, 2011
oil tanker

ASIA TANKER: CPPs Strong On Naphtha Demand; VLCCs Underperform

SINGAPORE (Dow Jones)–Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow

July 27, 2011
Total Views: 1

Monday, July 25, 2011

Six Vessels Booked To Store Crude Off Gulf Of Mexico – ICAP

LONDON (Dow Jones)–The number of ships storing crude off the U.S. Gulf Coast has risen to six, shipbroker ICAP said Friday in a note. Three very large

July 25, 2011
Total Views: 0

Tuesday, July 19, 2011
British Progress BP VLCC Very Large Crude Carrier

ASIA TANKER: VLCC Rates May Firm; Summer Demand Supports Clean Product Shipping

Image (c) BP p.l.c. SINGAPORE (Dow Jones)–Asia’s crude tanker market may begin to recover due to declining availability of vessels in early

July 19, 2011
Total Views: 7

Monday, July 18, 2011
MV Jubba pirated tanker

Fully laden tanker pirated in northern Indian Ocean

(EUNAVFOR) Late on the morning of 16 July, it was reported by the owners that the MV JUBBA XX, a laden tanker, had been pirated in the northern Indian Ocean,

July 18, 2011
Total Views: 2

Tuesday, July 12, 2011
Stena Bulk VLCC crude oil tanker

ASIA TANKER: VLCCs At 2-Mo Low; CPPs Waiting For Gasoline Demand

Image courtesy of Stena Bulk SINGAPORE (Dow Jones)–High availability of vessels is pressuring Asia crude tanker markets, while rates for ships that carry

July 12, 2011
Total Views: 10

Monday, July 11, 2011
tanker market oil speculators

Oil Speculators Distorting Shipping Market -China Cosco Executive

Image from minnesotansforglobalwarming.com PERTH (Dow Jones)–State-owned China Ocean Shipping (Group) Co. said Monday that oil-price speculators are

July 11, 2011
Total Views: 0

Thursday, July 7, 2011
stolt nielsen

Stolt-Nielsen 2Q Net Pft $32.4M Vs $27.5M, Maintains Outlook

Norwegian shipping and seafood company Stolt-Nielsen Ltd. (SNI.OS) Thursday announced a second quarter net profit of $32.4 million, from $27.5 million, boosted

July 7, 2011
Total Views: 10

M/V Brilliante Virtuoso tanker
Fire Incidents

UPDATE: Oil Tanker Fire Off Yemen Extinguished After Attack

Image by Dmitrios LONDON (Dow Jones)–A fire that broke out on an oil tanker after a pirate attack off the Yemeni coast has now been extinguished, an

July 7, 2011
Total Views: 13

Tuesday, June 28, 2011

Oil tankers chartered for floating storage off Gulf Coast

LONDON (Dow Jones)–Two oil tankers have been booked for use as floating storage vessels off the U.S. Gulf Coast this month, shipping brokers told Dow

June 28, 2011
Total Views: 2

Lou Vest, tanker, oneeighteen

ASIA TANKER: VLCCs Slow On IEA, Fundamentals; Clean Tankers Supported

Image by Lou Vest SINGAPORE (Dow Jones)–The Asia crude tanker market is slowing, with increased vessel availability from mid-July, but healthy gasoline

June 28, 2011
Total Views: 1

Thursday, June 16, 2011
NSCSA, saudi arabia shipping, tanker

Saudi’s National Chemical Carriers Receives New Tanker

DUBAI (Zawya Dow Jones)–National Shipping Co. of Saudi Arabia (4030.SA), or NSCSA, said Wednesday its subsidiary National Chemical Carriers Ltd. Co., or

June 16, 2011
Total Views: 11

Monday, June 13, 2011

Singapore May Tanker Arrivals Up 1.7% On Month

SINGAPORE (Dow Jones)–The number of oil, gas and chemical tankers passing through the port of Singapore in May was up 1.7% from the previous month, but

June 13, 2011
Total Views: 1

Wednesday, June 8, 2011

Brazil To Finance Shipyard for Venezuela’s State Oil Company

CARACAS -(Dow Jones)- Brazil’s national development bank, or BNDES, agreed Monday to provide Venezuela’s state oil company with $637 million in

June 8, 2011
Total Views: 4

Monday, June 6, 2011

Scorpio Tankers Announces Signing of Newbuilding Contracts

MONACO- (Marketwire – Jun 6, 2011) – Scorpio Tankers Inc. (NYSE: STNG) announced that it has signed contracts with Hyundai Mipo Dockyard Co. Ltd.

June 6, 2011
Total Views: 0