tankers


Monday, December 3, 2012
U.S. Ethanol Imports Boosting Demand for Chemical Tankers

U.S. Ethanol Imports Boosting Demand for Chemical Tankers

(Bloomberg) — The U.S. is importing the most ethanol in four years after the country’s worst drought in a half century drove corn prices to a

December 3, 2012
Total Views: 242

Friday, November 30, 2012
Expanded Iran Sanctions Target Energy, Ports, Shipping and Shipbuilding Sectors
Shipbuilding

Expanded Iran Sanctions Target Energy, Ports, Shipping and Shipbuilding Sectors

(Bloomberg) — Two U.S. senators who pressed for the economic sanctions that have reduced Iran’s crude oil exports and earnings have proposed

November 30, 2012
Total Views: 37

Thursday, November 29, 2012
frontline tankers
News

Frontline Misses Wall Street Estimates, VLCC Sector Improvement Could be Short-Lived

(Dow Jones) Frontline Ltd.’s (FRO, FRO.LN) third-quarter loss narrowed sharply as the oil tanker company’s operating expenses dropped, though

November 29, 2012
Total Views: 30

Tuesday, November 27, 2012
Stolt Tankers Orders Five Parcel Tankers

Stolt Tankers Orders Five Parcel Tankers

Norway’s Stolt-Nielsen (Oslo Børs: SNI) announced Tuesday that its subsidiary Stolt Tankers has ordered five 38,000 dwt parcel tankers from

November 27, 2012
Total Views: 192

iranian flag eu embargo
News

Tanzanian-Flagged Tanker Operated by NITC Gets Quarantined Off Greek Island

(Bloomberg) — Sekavin SA, a Greek fuel supplier, said it’s investigating the origin of a cargo aboard an Iranian tanker off the Mediterranean

November 27, 2012
Total Views: 42

Thursday, November 22, 2012
king gregory mr tanker lloyd's register
Engineering News

Hyundai Mipo and Lloyd’s Register Deliver Super Efficient MR Tanker

Earlier in November, Korea’s Hyundai Mipo Dockyard (HMD) delivered a highly innovative vessel named the King Gregory, a Lloyd’s Register-classed,

November 22, 2012
Total Views: 62

Wednesday, November 21, 2012
front duke vlcc supertanker frontline
News

VLCC Rates from the Persian Gulf More than Double as East Asian Demand Strengthens

(Bloomberg) — A glut of the largest oil tankers in the Middle East is poised to fall to the lowest in 22 weeks as crude shipments to refineries across

November 21, 2012
Total Views: 66

Monday, November 19, 2012
front shanghai frontline vlcc tankers
News

Frontline 2012 Poised for Major Gains as Chinese Demand Hits Record Levels [REPORT]

(Bloomberg) — China is using the most supertankers in five months to meet record demand for oil imports, diminishing a glut of shipping capacity and

November 19, 2012
Total Views: 36

Friday, November 16, 2012
Gasoline Advances in New York as Jones Act Waiver Expires

Gasoline Advances in New York as Jones Act Waiver Expires

(Bloomberg) — Gasoline advanced for the first time in three days in New York Harbor as the waiver of shipping regulations following Hurricane Sandy

November 16, 2012
Total Views: 35

Tanker Supply at Seven-Month Low Seen Lifting Rates on China

Tanker Supply at Seven-Month Low Seen Lifting Rates on China

(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the

November 16, 2012
Total Views: 14

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers
Shipbuilding

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers

RIO DE JANEIRO—-The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it

November 16, 2012
Total Views: 31

Thursday, November 15, 2012
U.S. East Coast Gasoline Slumps as Jones Act Waiver Draws More Tankers

U.S. East Coast Gasoline Slumps as Jones Act Waiver Draws More Tankers

(Bloomberg) — New York Harbor gasoline slumped for a third day after the waiver of the Jones Act allowed cargoes to be delivered from the Gulf Coast and

November 15, 2012
Total Views: 31

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the

November 15, 2012
Total Views: 25

Wednesday, November 14, 2012
Ocean Rig Continues to Be a Lifeline for Dryships
Offshore

Ocean Rig Continues to Be a Lifeline for Dryships

Athens, Greece-DryShips Inc. (NASDAQ: DRYS), an international shipper of dry bulk and petroleum cargos, and through its deepwater drilling subsidiary, Ocean

November 14, 2012
Total Views: 28

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

Standard & Poor’s Ratings Services has lowered Overseas Shipholding Group’s long-term credit rating to ‘D’ after the company

November 14, 2012
Total Views: 42

Overseas Shipholding Group (OSG) Files for Chapter 11 Bankruptcy Protection
Finance

Overseas Shipholding Group (OSG) Files for Chapter 11 Bankruptcy Protection

(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the

November 14, 2012
Total Views: 384

Sunday, November 11, 2012
remora hiload as
Engineering News

Teekay, Remora, and Their $55 Million Super-sized “Pallet Truck”

Unlike cars, ships can’t just pull the e-brake and stop in the middle of the ocean when they rendezvous with another vessel such as an FPSO.  For close

November 11, 2012
Total Views: 174

VLCC Kensington, image (c) Knightsbridge
Uncategorized

Tanker Overcapacity Shrinking In Some Areas

(Bloomberg) The supply of the largest crude tankers to haul Middle East oil is contracting as the vessels sail instead to West Africa, where the flow of

November 11, 2012
Total Views: 109

Thursday, November 8, 2012
oil storage tanks new jersey newark
News

Ship Brokers Cut Back Fuel Shipments to the US East Coast

(Bloomberg) — Gasoline shipments to the U.S. from Europe are poised to fall after inventories of the auto fuel swelled because of distribution

November 8, 2012
Total Views: 28

Maersk Hakata
News

VLCC Owners Eek Out a Tiny Smile as the Bleeding Stops, For Now

(Bloomberg) — Crude tankers shipping almost 20 percent of the world’s oil curbed seven weeks of losses as declining fuel costs helped owners

November 8, 2012
Total Views: 60