Tanker Trends

Russian Crude Firm, Oversupply Pressures Persist

Russia's main export crude Urals remained under pressure on Friday in light trade as the market remains well supplied. The preliminary loading plan for the first

Kinder Morgan Bolsters Gulf Logistics Infrastructure

To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion

Billionaire Fredriksen Commits to Seadrill

Shipping billionaire John Fredriksen reaffirmed on Friday its commitment to Seadrill, the world's largest rig company by market capitalisation, whose shares have

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

How Islamic State Uses Syria's Oil to Fuel Its Advances

In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

Oil Edges Below $99 but Supply Risks in Focus

Oil traded slightly lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakening of demand growth in major consumer nations, as well as a rise in the U.

Shell: Nigeria Oil Union Strike Not Affecting Exports

A strike by Nigeria's oil unions is not having any immediate impact on crude oil exports from Africa's top exporter, despite moving into a third day, spokesmen

Natural Gas, Power & Coal Market: PIRA's Weekly Recap

NYC-based PIRA Energy Group believes that drought-stricken Brazil will continue high LNG imports. In the U.S., there was another above-expectations build, with larger injections to come.

For Europe's LNG Ports, Russia Gas Fears and US Exporters Buoy Demand

Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France's Dunkirk plant.

EGPC to buy 65 pct of Product Imports from UAE

Egypt's state oil company, EGPC, will buy 65 percent of its oil product imports from the United Arab Emirates' ADNOC for one year after the government approved the deal on Wednesday.

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

Scorpio Tankers Receive 7 More Newbuildings

Scorpio Tankers Inc. say it has recently taken delivery of seven newbuilding vessels as follows: STI Madison and STI Park, LR2 product tankers, were delivered

Greek Owners CPP Charter Out Three Tankships

Capital Product Partners L.P. (CPP) an international diversified shipping company, says it has secured time charter employment for the M/T ‘Avax’, M/T ‘Agisilaos’ and M/T ‘Alkiviadis’.

Knightsbridge Closes Vessel Acquisition Transaction

Bermuda-based Knightsbridge Tankers Limited announced that it has closed the first stage of its vessel acquisition transaction. Knightsbridge has issued 31 million

DHT Closes Common Stock for Samco Acquisition

DHT Holdings, Inc. announced  the closing of its registered direct offering of 23,076,924 shares of its common stock at a price of $6.50 per share. DHT received net proceeds of approximately $145,

Majority of Global Tanker Fleet Yet to Adopt ECDIS

UKHO calls on tanker owners and operators to ensure compliance with SOLAS rules on ECDIS carriage from July 1, 2015 The majority of ships in the global tanker fleet have yet to adopt ECDIS,

Azeri Oil Exports Decline in 2014

Azerbaijan's oil exports fell 1.8 percent year on year in the first eight months of 2014, a source at the State Statistics Committee said on Tuesday, driven by declines at fields operated by BP.

Oiltanking Sells Indonesia Storage, Blames Subsidies

Independent tank operator Oiltanking said on Tuesday it had sold a 289,000 cubic metre storage facility in Merak, Indonesia, blaming oil subsidies for making the business unprofitable.

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