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Tankers News

Oil Tanker Market May Take Trump’s Sanctions In Stride This TimeOil Tanker Market May Take Trump’s Sanctions In Stride This TimeThe Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be enough to send global shipping costs surging under normal circumstances.01 July 2020 Wednesday 09:45
Top Oil Pricing Agencies Launch New U.S. Crude BenchmarksTop Oil Pricing Agencies Launch New U.S. Crude BenchmarksAfter U.S. crude futures took an historic plunge into negative territory in April, the two top oil price reporting agencies27 June 2020 Saturday 11:45
Hafnia says another tie-up in the making while praising Diamond S-Norden consolidation moveHafnia says another tie-up in the making while praising Diamond S-Norden consolidation moveProduct tanker owner and operator Hafnia, a member of the BW Group, will soon enter a new product tanker segment with industry peers, established under the name of Hafnia Specialized, the company revealed.20 June 2020 Saturday 14:02
Hunter Tankers scores $157 million for refinancingHunter Tankers scores $157 million for refinancingHunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has received binding commitments for a $ 157.5 million loan facility from a syndicate of banks consisting of Danske Bank, DNB, Nordea, and SEB.19 June 2020 Friday 14:43
Norden and Diamond S join forces in product tankers consolidation moveNorden and Diamond S join forces in product tankers consolidation moveNorden and Diamond S Shipping Inc. have entered into a strategic partnership to form DiaNor, with Diamond S initially contributing 28 MR2 product tankers for marketing and operation through Norden’s existing Norient Product Pool (NPP).17 June 2020 Wednesday 12:00
Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain RallyUncertainty About OPEC+ Cuts Has Oil Struggling to Sustain RallyOPEC+ and its allies will decide as soon as this week whether or not to extend their historic output curbs.02 June 2020 Tuesday 10:41
Oil Tankers Queuing Off Chinese Coast Evidence of Rapid ReboundOil Tankers Queuing Off Chinese Coast Evidence of Rapid ReboundQueues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand.02 June 2020 Tuesday 10:12
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
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
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
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
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
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
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
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
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
Okeanis Eco Tankers Secures Work for VLCCOkeanis Eco Tankers Secures Work for VLCCOslo-listed shipowner Okeanis Eco Tankers Corp. has entered into a time charter contract with an unnamed international energy company for one of its VLCC vessels.06 April 2020 Monday 12:25
Vitol Acquires Singapore’s Bunkering Company SinanjuVitol Acquires Singapore’s Bunkering Company SinanjuVitol Marine Fuels, a subsidiary of Switzerland-based commodity trader Vitol Group, has acquired 100 percent of Singapore-based bunkering specialist Sinanju Tankers Holdings.02 April 2020 Thursday 10:40
Saudi Arabia Tanker Power Play Could Backfire as Oil Demand ShrinksSaudi Arabia Tanker Power Play Could Backfire as Oil Demand ShrinksTop exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments.24 March 2020 Tuesday 09:45
Hunter Tankers Secures USD 80K Daily Charters for VLCC TrioHunter Tankers Secures USD 80K Daily Charters for VLCC TrioHunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for three ships obtaining an average daily rate of approximately USD 80,000 per day.18 March 2020 Wednesday 13:55
Saudis take 14 VLCCs, rocking day ratesSaudis take 14 VLCCs, rocking day ratesVLCC earnings closed the week ending 6 March 2020 on US$34,000/day, but over the weekend OPEC+ collapsed and Saudi Arabia reduced crude oil prices and announced an increase in output. Bahri has booked 14 VLCCs sending rates soaring14 March 2020 Saturday 14:30
Teekay Returns to BlackTeekay Returns to BlackThe fourth quarter of 2019 marked a return to profitability for Teekay Corporation, as the company booked a consolidated adjusted net income of USD 31 million compared to an adjusted net loss of USD 2 million in the same period of the prior year.28 February 2020 Friday 14:32
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