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Saturday, September 29, 2012
50 Supertankers? China, I’m Sorry, but I Don’t Believe You [OP/ED]
Engineering News

50 Supertankers? China, I’m Sorry, but I Don’t Believe You [OP/ED]

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50

September 29, 2012
Total Views: 194

Friday, September 28, 2012
Rumors Abound, China Places Order For 50 Supertankers
Interesting

Rumors Abound, China Places Order For 50 Supertankers

China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate

September 28, 2012
Total Views: 5

Thursday, September 27, 2012
Teekay Expects Tanker Supply and Demand to Remain Even into 2013 [REPORT]
News

Teekay Expects Tanker Supply and Demand to Remain Even into 2013 [REPORT]

Teekay’s Market Analyst Christian Waldegrave gives his September 2012 conventional tanker market update while attending the Jefferies Conference in New

September 27, 2012
Total Views: 0

Wednesday, September 26, 2012
Crew Costs Led to Overall Rise in Operating Costs – Report
Uncategorized

Crew Costs Led to Overall Rise in Operating Costs – Report

Total annual operating costs in the shipping industry increased by an average of 2.1 percent in 2011 led primarily by increasing crew costs, says international

September 26, 2012
Total Views: 88

From Dead Sheep to Garbage, Persian Gulf Mine Hunters Detect It All… So We Hope
Navy

From Dead Sheep to Garbage, Persian Gulf Mine Hunters Detect It All… So We Hope

(Bloomberg) — Telling the difference between a deadly surface mine and a bloated sheep carcass bobbing belly-up in the Persian Gulf is among the skills

September 26, 2012
Total Views: 151

bullshit
News

Iranian Tanker Company Says They Are Not a State Company, US Treasury Throws the BS Flag

LONDON–A manager with the National Iranian Tanker Co. rejects U.S. claims that the oil transport company is a state company and says it should not be

September 26, 2012
Total Views: 35

Tuesday, September 25, 2012
Venezuela to Ship Up to 400,000 Barrels of Crude Per Day to India
News

Venezuela to Ship Up to 400,000 Barrels of Crude Per Day to India

CARACAS–Venezuelan state oil monopoly Petroleos de Venezuela, or PdVSA, signed a 15-year crude supply contract with India’s Reliance Industries

September 25, 2012
Total Views: 1

More Than a Decade Later, Total Loses Battle Over MV Erika Oil Spill

More Than a Decade Later, Total Loses Battle Over MV Erika Oil Spill

(Bloomberg) — Total SA lost its bid to overturn a ruling holding it responsible for the 1999 oil spill following the sinking of a tanker it had hired.

September 25, 2012
Total Views: 304

Monday, September 24, 2012
U.S. Links Iran’s Oil Company to Sanctioned Revolutionary Guard [REPORT]
Uncategorized

U.S. Links Iran’s Oil Company to Sanctioned Revolutionary Guard [REPORT]

(Bloomberg) — The Obama administration will report today that Iran’s state-owned oil company is linked to a military unit sanctioned for weapons

September 24, 2012
Total Views: 7

arctic suezmax tsakos
News

Tsakos Energy Navigation Gains Long Term Charter Extension for Ice-Class Suezmax

Greek shipowner Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) announced today a three-year time charter extension for the Arctic, a 2007 built, 163,216

September 24, 2012
Total Views: 15

kyeema spirit
Grounding Incidents

UPDATE – Aframax Tanker Runs Aground off Estonia [IMAGES]

In what initially appears to have been caused by a navigational error, an Aframax tanker owned by Vancouver-based Teekay Tankers, has run aground off the coast

September 24, 2012
Total Views: 61

Friday, September 21, 2012
Iranian Tankers Do the Flag State Shuffle

Iranian Tankers Do the Flag State Shuffle

LONDON–Iranian ships have started sailing under the Moldovan flag as others lose their Tuvalu flags, databases and campaigners say, as Iran to play an

September 21, 2012
Total Views: 25

Cosco japan containership
News

COSCO May Look to Diversify Revenue Streams as Shipping Arm Bleeds Cash

(Bloomberg) — China’s two biggest shipowners said a market slump may continue for at least two more years as more vessels enter service and the

September 21, 2012
Total Views: 21

loop louisiana offshore oil port
News

With Slowdown in Foreign Crude Imports, the LOOP Now Receives Jones Act Tankers

(Bloomberg) — The Louisiana Offshore Oil Port, the largest waterborne petroleum import terminal in the U.S., has begun to receive tankers of domestic

September 21, 2012
Total Views: 766

Thursday, September 20, 2012
cosco
News

Tanker Owners Bewildered as COSCO Considers Order of 10 New Supertankers

(Bloomberg) — China Ocean Shipping Group Co., the nation’s biggest ship operator, is considering an order for very large crude carriers as the

September 20, 2012
Total Views: 28

Wednesday, September 19, 2012
Press Releases

Wärtsilä Hamworthy Wins Hyundai Mipo Contract for LPG Vessels

Wärtsilä Hamworthy said today that it has won a contract with Hyundai Mipo Dockyard to supply cargo handling equipment and engineering to four medium

September 19, 2012
Total Views: 3

Friday, September 14, 2012
aet
News

AET Plans to Build More Ships After Winning North Sea DP Contract with Statoil

Malaysian tanker owner and operator AET, announced today they have entered into a long-term contract with Norwegian energy giant Statoil ASA to operate two

September 14, 2012
Total Views: 91

Thursday, September 13, 2012
ITF Wants Answers Surrounding Cadet’s Mysterious Death
Incidents

ITF Wants Answers Surrounding Cadet’s Mysterious Death

The International Transport Workers’ Federation (ITF) says it is calling for the Panamanian and Mexican authorities to disclose the results of an

September 13, 2012
Total Views: 72

4 Million Barrels of North Sea Forties Crude Set to Ship to S Korea in October
Uncategorized

4 Million Barrels of North Sea Forties Crude Set to Ship to S Korea in October

LONDON–Up to 4 million barrels of North Sea Forties crude oil, the main component of global pricing benchmark Brent, are set to leave the region for

September 13, 2012
Total Views: 10

Wednesday, September 12, 2012
Fuel-Efficient Tankers Pay Dividends

Fuel-Efficient Tankers Pay Dividends

(Bloomberg) — The savings from new fuel-efficient ship designs justify paying 25 percent more for a tanker that carries refined fuels, the

September 12, 2012
Total Views: 8
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