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Tanker News

Flurry of U.S. Crude Export Fixtures Signals Demand RecoveryFlurry of U.S. Crude Export Fixtures Signals Demand RecoveryA flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption worldwide.29 May 2020 Friday 09:45
First Iranian Tanker Docks in Venezuela Without IncidentFirst Iranian Tanker Docks in Venezuela Without IncidentThe first of the five Iranian product tankers, the Fortune, arrived in Venezuela docking at the El Palito refinery while according to reports a second tanker, the Forest, has also entered the country's waters.26 May 2020 Tuesday 10:05
Iranian Tankers Approach VenezuelaIranian Tankers Approach VenezuelaThe Iranian product tanker Fortune is approaching the 12-nm boundary of Venezuela's territorial seas, bringing her controversial journey to a close.25 May 2020 Monday 09:45
Japanese majors form consortium to develop, commercialize zero-emission electric shipsJapanese majors form consortium to develop, commercialize zero-emission electric shipsSeven Japanese companies have joined forces with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels.23 May 2020 Saturday 15:00
Product Tanker Boarded and Robbed off Port-au-PrinceProduct Tanker Boarded and Robbed off Port-au-PrinceThe product tanker Tosna Star was boarded and robbed by armed pirates off the port of Port-au-Prince, Haiti last Sunday, according to one of her crewmembers.23 May 2020 Saturday 13:00
Oil Rally Continues as Output Cuts Hit Supply GlutOil Rally Continues as Output Cuts Hit Supply GlutOil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply glut.22 May 2020 Friday 12:02
Alaskan, Canadian Crude Sent to China as Demand RecoversAlaskan, Canadian Crude Sent to China as Demand RecoversCanadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.21 May 2020 Thursday 15:19
Hyundai Heavy secures deal to build two scrubber-fitted VLCCsHyundai Heavy secures deal to build two scrubber-fitted VLCCsSouth Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs).21 May 2020 Thursday 10:12
Study: Existing retrofittable solutions can secure double-digit savingsStudy: Existing retrofittable solutions can secure double-digit savingsaccording to a project carried out under Green Ship of the Future,an independent non-profit organization which explores the road towards emission-free maritime transport.18 May 2020 Monday 13:49
Hartmann chooses MAN dual-fuel engines for new LPG tankersHartmann chooses MAN dual-fuel engines for new LPG tankersMAN Energy Solutions has won the contract to supply individual MAN B&W ME-LGIP liquid gas injection propane dual-fuel engines to three new 5,000 cbm LPG tankers being built for Hartmann Gas Carriers, part of Germany’s Hartmann Group.18 May 2020 Monday 11:55
Tanker Movements Reveal China’s Splurge on Cheap CrudeTanker Movements Reveal China’s Splurge on Cheap CrudeChinese oil traders know bargain crude prices when they see them.That, at least, is one conclusion from the movements of the world’s supertankers.15 May 2020 Friday 15:19
Tanker fire kills seven at shipyard in IndonesiaTanker fire kills seven at shipyard in IndonesiaSeven people died after an Aframax tanker undergoing maintenance at a shipyard in Indonesia caught fire on 11 May 2020.15 May 2020 Friday 11:50
Small Irish Terminal Draws U.S. Oil With Global Storage FillingSmall Irish Terminal Draws U.S. Oil With Global Storage FillingA cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude in the wake of a global demand slowdown.15 May 2020 Friday 11:00
Thun Tankers orders 2nd ‘Not Always Afloat But Safely Aground’ shipThun Tankers orders 2nd ‘Not Always Afloat But Safely Aground’ shipShipping company Thun Tankers, part of Swedish Erik Thun Group, has placed an order for another ‘Not Always Afloat But Safely Aground’ (NAABSA) product tanker that will be able to call tidally restricted niche ports.13 May 2020 Wednesday 12:20
Saudi Crude Flotilla Faces Delays Ahead of U.S. ArrivalSaudi Crude Flotilla Faces Delays Ahead of U.S. ArrivalSupertankers laden with Saudi Arabian crude heading to U.S. shores are taking longer than normal to discharge as smaller ships used in the process have become hard to find.13 May 2020 Wednesday 10:35
Explosions and major fire on Aframax crude oil tanker, IndonesiaExplosions and major fire on Aframax crude oil tanker, IndonesiaTanker is drydocked at shipyard Belawan, Medan, Malacca Strait, northern Sumatra, Indonesia, several workers said to suffer burns, they were hospitalized.11 May 2020 Monday 09:58
Tankers Round the Cape as Glut Snarls PortsTankers Round the Cape as Glut Snarls PortsWhen the supertanker New Vigorous arrived at the port of Antifer in northern France last Saturday, it made a small bit of maritime history.08 May 2020 Friday 11:20
Navios Acquisition unveils sale and leasebacks for tanker quartetNavios Acquisition unveils sale and leasebacks for tanker quartetTanker owner and operator Navios Maritime Acquisition Corporation has announced $76.7 million sale and leaseback deals linked to the company’s four product tankers.07 May 2020 Thursday 14:05
Euronav posts massive surge in Q1 profitEuronav posts massive surge in Q1 profitAntwerp-based tanker shipping company Euronav is reaping large profits from strong underlying tanker dynamics having reported $225.6 million of profit in the first quarter of 2020.07 May 2020 Thursday 09:45
d’Amico, Glencore JV offloads MR tankerd’Amico, Glencore JV offloads MR tankerItalian shipping company d’Amico International Shipping S.A. (DIS) said that its joint venture with Swiss commodity trader Glencore Group has decided to sell a medium range (MR) tanker.04 May 2020 Monday 11:25
Business of Shipping: LNG Carriers Face Less Volatile Market Than Crude Tanker PeersBusiness of Shipping: LNG Carriers Face Less Volatile Market Than Crude Tanker PeersLiquid Natural Gas carriers are addressing a less volatile short-term charter market than that experienced by crude carriers, “sister ships” in an adjacent energy sector during the recent Covid-19 pandemic.01 May 2020 Friday 11:47
Supertanker Rates Ease but Posed for More GaIns as Storage Demand BeckonsSupertanker Rates Ease but Posed for More GaIns as Storage Demand BeckonsSupertanker freight rates eased this week as surging demand for floating storage cooled and crude oil output is set to fall, but rates could jump again as fewer tankers become available and as traders take advantage of weak oil prices, sources said.29 April 2020 Wednesday 09:15
Oil Traders Now Hiring Jones Act Tankers for Storage and Shipping AbroadOil Traders Now Hiring Jones Act Tankers for Storage and Shipping AbroadOil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of the energy industry’s desperation for places to park petroleum amid a 30% drop in w28 April 2020 Tuesday 13:00
NAT cashing in on never stronger tanker marketNAT cashing in on never stronger tanker marketThe tanker market has never been so strong, according to Herbjørn Hansson Chairman & CEO of Nordic American Tankers (NAT).27 April 2020 Monday 13:59
27 oil tankers with nowhere to unload parked off Californian coast27 oil tankers with nowhere to unload parked off Californian coastThere are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes as coronavirus pandemic shatters demand for oil.24 April 2020 Friday 12:34
Saudi Arabia May Re-Route Tankers if U.S. Imposes Crude Import BanSaudi Arabia May Re-Route Tankers if U.S. Imposes Crude Import BanSaudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping and trade sources say.23 April 2020 Thursday 17:40
Oil Meltdown Widens With June Plunging Below $10 a BarrelOil Meltdown Widens With June Plunging Below $10 a BarrelOil’s meltdown spread in to the June contract as the price plummeted $10 in New York.22 April 2020 Wednesday 10:01
Construction starts on Gothia Tanker Alliance LNG-powered tankerConstruction starts on Gothia Tanker Alliance LNG-powered tankerChina’s Avic Dingheng shipyard has started building the seventh liquefied natural gas-powered vessel ordered by Sweden’s Gothia Tanker Alliance.21 April 2020 Tuesday 13:45
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