Tanker Trends

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Suicide Attack Escalates Libya Violence, Oil Output Slips

Crude output slips for first time since port deal; fresh clashes in Tripoli and Benghazi. Brega oil port seen open in few days. A twin suicide bombing at a Libyan

Oil Products Flow to Primorsk Resumed

Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said.

Libya Reaches Deal to Reopen Brega Oil Port

Libya state oil company National Oil Corp (NOC) has reached a deal with security guards to end a protest at eastern Brega oil port, which is expected to allow the terminal to reopen on Tuesday,

China's Oil Imports from Iran up 50 pct

June crude imports from Iran at 531,200 bpd, up 38 pct y/y; June crude imports lowest since Feb, down 30 pct m/m. China's crude imports from Iran in the first

Tankship Market & Return of Contango: Analysis

This week, the Brent price curve moved into contango on what was reported to be short-term physical oversupply. In their latest 'Tanker Opinion', Poten & Partners

Bug-O Sees Increased Demand for Zipper Welder

The zipper welder has been in the Bug-O repertoire for quite some time, but the company said it has recently seen a larger demand for it due to increased tank production worldwide.

Big US Corn Crop to Curb Brazil Ethanol Exports

Brazil's ethanol exports are likely to fall in 2014/15 partly due to an expected near-record corn crop reducing U.S. import needs, Brazilian consultancy Datagro said on Friday.

Shell suspends work on Canadian gas for transport facility

Royal Dutch Shell has suspended development of a liquefaction unit at Canada's Jumping Pound facility, which was to be used to develop the emerging gas for transport market.

Brent Holding at $107 on U.S. Crude draw, Russia Sanctions

U.S. crude stockpiles down 7.5 mln barrels last week; Chinese economic growth quickens to 7.5 percent in Q2. Washington slaps toughest sanctions yet on Russia. Brent

Thailand's PTT Buying More Spot LNG

Thailand's biggest energy firm PTT said on Thursday that it plans to buy more liquefied natural gas (LNG) from the spot market this year after prices dropped to

China Seeks to Build Shipping Railways in Brazil

Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods,

ACL Recognizes Safe Liquid Cargo Handlers

American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals,

Suezmax Vessel Delivered to NAT

Nordic American Tankers Limited (NAT) took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchase

Oil Traders Hearing Contango Music Again; Not Loud Yet

Traders in the Brent oil market have started to use a word that was almost forgotten in the last four years - "contango" in industry jargon, which could also be

Med Tanker Market Pins Freight Rate Hopes on Libya Oil Export Push

Rising oil exports from Libya after months of disruption helped push Mediterranean tanker rates to the highest levels in nearly six months on Wednesday, and shipping

Libya Oil Exports Stutter, Major Eastern Ports Await Restart

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday.

Russia Could Export Extra Oil From Kozmino in 2014

Russia could ship an additional 1.2 million metricĀ  tons of ESPO crude oil from the Pacific port of Kozmino due to a fire, which halted output at Achinsk refinery in June,

Dozens of Trains Haul Volatile Bakken Crude Weekly

As many as 44 trains loaded with volatile Bakken crude oil are being sent through the state of New York each week, according to confidential disclosures made by

Brightoil Eyes Upstream After Bohai Purchase

Hong Kong-listed oil trader Brightoil Petroleum Holdings Ltd said on Wednesday it expects its upstream business to be the key long-term growth driver for the group

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