Oil Tankers

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

Tuesday, March 5, 2013
Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products
News

Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products

(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of

March 5, 2013
Total Views: 68

conocophillips kenai lng alaska
News

ConocoPhillips to Cease Overseas Shipments of Alaskan LNG

(Bloomberg) — ConocoPhillips may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient

March 5, 2013
Total Views: 86

Friday, March 1, 2013
Political Pressure Forces India’s Mercator Lines to Halt Shipments of Iranian Oil
News

Political Pressure Forces India’s Mercator Lines to Halt Shipments of Iranian Oil

By Nidhi Verma NEW DELHI (Reuters) – India’s Mercator Lines has stopped offering a ship for transporting Iranian oil to India due to U.S. political

March 1, 2013
Total Views: 41

Capital Product Partners To Keep Tankers Chartered To OSG at a Discount
News

Capital Product Partners To Keep Tankers Chartered To OSG at a Discount

(Reuters) – Ship owner Capital Product Partners LP said it would continue to lease three of its product tankers to Overseas Shipholding Group Inc, which

March 1, 2013
Total Views: 23

Thursday, February 28, 2013
Finance

Capital Product Partners L.P. Reaches Conditional Agreement With Overseas Shipholding Group Regarding Long Term Charters of Three Product Tankers

ATHENS, GREECE–(Marketwire – Feb 28, 2013) – Capital Product Partners L.P. (the “Partnership” or “CPLP”)

February 28, 2013
Total Views: 44

Pelican state american petroleum tankers
News

Product Tanker Owners Set to Profit on Greater Exports of U.S. Naphtha

(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for

February 28, 2013
Total Views: 39

scorpio tankers
Shipbuilding

Scorpio Orders Six New Fuel-Efficient Product Tankers

MONACO – New York-listed Scorpio Tankers (STNG) on Thursday said that it has exercised options for the construction of four fuel-efficient MR product

February 28, 2013
Total Views: 39

Tuesday, February 26, 2013
kensington vlcc tanker supertanker knightsbridge
News

Morgan Stanley: Supertankers Will Remain Unprofitable for at Least Two More Years

(Bloomberg) — The largest oil tankers will remain unprofitable for at least two more years as the fleet overwhelms slowing demand for crude imports,

February 26, 2013
Total Views: 317

Monday, February 25, 2013
Tanker Rates Seen Climbing on Surge in Charters to U.S.

Tanker Rates Seen Climbing on Surge in Charters to U.S.

By Michelle Wiese Bockmann (Bloomberg) — Charters of oil tankers to haul crude to the U.S., the world’s biggest importer, jumped 65 percent during

February 25, 2013
Total Views: 37

Friday, February 22, 2013
Alexander the Great VLCC
News

Tanker Rates Finish Biggest Week of 2013

By Rob Sheridan (Bloomberg) — Hire costs for the largest oil tankers on the industry’s busiest trade route had this year’s biggest weekly

February 22, 2013
Total Views: 178

Frontline Drops After Warning on Bond Repayment Risk

Frontline Drops After Warning on Bond Repayment Risk

By Rob Sheridan (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, dropped to the lowest level in 15 months in Oslo

February 22, 2013
Total Views: 42

Wednesday, February 20, 2013
bow kiso chemical tanker
Collision

Chemical Tankers Collide Off Galveston

Two chemical tankers inbound toward Houston collided in the early morning on Wednesday, approximately 70 miles south of Galveston according to a report by the

February 20, 2013
Total Views: 78

Monday, February 18, 2013
Ras Tanura Sea Island Terminal saudi aramco
News

VLCC Rates Improve Slightly After Chinese Holiday, Owners Still Losing Over $6k Per Day

Charter costs for the biggest oil tankers plying the industry’s busiest trade route rose for a second session as charterers in China returned to work

February 18, 2013
Total Views: 48

Suez Canal
News

Suez Canal Tanker Traffic Slides in January Amid Strikes, Riots

Ships transiting the Suez Canal, which handles about 8 percent of world trade, slid by 16 percent last month amid riots that led the Egyptian military to

February 18, 2013
Total Views: 66

Friday, February 15, 2013
Frontline Crude Oil Tankers VLCC
News

Tankers Earning Zero Seen Spurring Ships’ Removal From Service

Earnings are about zero for the biggest oil tankers, hauling almost half the world’s seaborne crude, and owners of the ships may opt to remove them from

February 15, 2013
Total Views: 79

Thursday, February 14, 2013
Teekay Shipping
Multimedia

Tanker Market Recovery Won’t Begin Until 2014 Says Teekay [REPORT]

Teekay’s Research Manager, Christian Waldegrave provides a look back at what happened during the 2012 tanker market, and why it was really a “year

February 14, 2013
Total Views: 38

Wednesday, February 13, 2013
scorpio tankers
Finance

Financiers Hold the Throttle, and Key, to Shipping as Shipowners Lack Discipline

The 19th annual Hellenic-American and Norwegian-American Chambers of Commerce shipping conference was held yesterday at the Waldorf-Astoria hotel in New York

February 13, 2013
Total Views: 37

u.s. flagged tanker
News

EU-Singapore Free Trade Agreement Unlikely to Affect Crude Oil Shipments

By Claire Milhench LONDON (Reuters) – A trade deal between the European Union and Singapore is unlikely to affect North Sea crude oil shipments to Asia,

February 13, 2013
Total Views: 38

crowley florida mr tanker jones act
News

Jones Act Tankers Earn Record Rates as U.S. Crude Production Ramps Up

Oil tankers that move crude between U.S. ports are reaping windfall profits as domestic production surges and American laws prohibit exports. Rates for Jones

February 13, 2013
Total Views: 74

Tuesday, February 12, 2013
LPG Tankers to Gain on U.S. Shale Boom, Says Clarkson

LPG Tankers to Gain on U.S. Shale Boom, Says Clarkson

By Isaac Arnsdorf (Bloomberg) — Tankers hauling liquefied petroleum gas will gain as shale oil and gas production boosts U.S. exports and fleet growth

February 12, 2013
Total Views: 17