Tanker Trends

Pirates Raid Tanker off Malaysia, 3 Mariners Taken

Armed pirates raided an oil tanker off the coast of Malaysia and took three crew members with them, Malaysian maritime officials said on Wednesday, underscoring

US Oil Falls as Stocks Building Close to Highs

U.S. crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil consuming nation have risen close to exceeding record-highs.

Petroperu Tenders to Sell Fuel Oil for May

State-run Petroperu launched a tender to sell a 220,000 barrel cargo of fuel oil for delivery May 26-31 at its Talara port in Peru, according to a document seen by Reuters on Tuesday.

ISS to Support Petrobras Expansion

Inchcape Shipping Services (ISS)  has had its port agency and tanker husbandry services contract significantly enlarged by Petrobras.   The Brazilian government-owned energy giant,

Thinking Outside the MR Tankship Rate Triangle

Although US refined products exports largely underpin medium-range (MR) product tanker demand in the Atlantic Basin, there is little evidence of similar stability

Oiltanking Partners Report Q1 Distribution Increase

Oiltanking Partners, L.P. announced that the board of directors of its general partner declared a cash distribution of $0.495 per unit, or $1.98 per unit on an annualized basis,

Novorossiysk: New Tonnage Dues Rates

GAC informs that tonnage dues rates in the port of Novorossiysk will be increased about 9% with effect from April 27, 2014. The rate increases are as follows: Tankers - Rates in force: 2.

Armed Security Scares Off 2 Skiff Approaches

The U.S. Navy Maritime Liaison Office in Bahrain (MARLO) has advised that on or about 7 a.m. UTC on April 17, the Master of a motor vessel reported being approached

Oil Edges Higher in Low Volumes, Eyes on Ukraine

Oil strengthened slightly on Monday, with U.S. crude futures supported by positive economic data, but oil prices were still below highs reached on Thursday as traders

Middle East Crude Steady; June Cargoes Trading

SINGAPORE, April 21 (Reuters) - The Middle East crude market held steady on Monday after prices firmed last week on buoyant demand from Japan. June differentials

Troubled FSL Trust "Galvanised to Face Future"

Chairman Tim Reid, and CEO Allan Hatton address shareholders in a joint letter included in First Ship Lease Trust's (FSL) Annual Report 2013. The Trust reported full year 2013 revenues of US$90.

Libyan Oil Port Re-Opening Delayed

Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the government reached a deal with rebels to end an eight-month blockade of the port,

Japan LNG Imports Hit Record Levels

Japan imported record volumes of liquefied natural gas (LNG) and thermal coal in the fiscal year ended in March, as the country's  shutdowns of nuclear stations

OSG Confirms Jones Act Status

Overseas Shipholding Group, Inc. (OSG) lets it be known that U.S. ownership of its common stock at the close of business on April 15, 2014 was 77 percent: the minimum

Pirates Approach Tanker in Bab El Mandeb

The U.S. Navy Maritime Liaison Office in Bahrain (MARLO) has advised that on or about 12:30 UTC on 14 April, the Master of an oil tanker reported being approached by a white-blue skiff in position 12.

Shippers Turn to Equity Markets as Sector Eyes Recovery

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

LR Approval for Tough Sea Water Ballast Tanks

After extensive testing, LifeGuard Active Rust Primer has earned its unprecedented third renewal of the prestigious Lloyd's Register Certificate as a Recognized Ballast Tank Maintenance Coating.

YPF Tenders to Buy Fuel Oil for June

State-run oil company YPF launched its second fuel oil tender in April, this time to buy two 50,000 metric ton cargoes (some 375,000 barrels each) to be received

US 2014 Petroleum Production: Why Hubbert was Wrong

Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972. The

North Sea Crude-Forties eases, VLCC options narrow

Forties trades at parity with dated Brent; Competing Libyan barrels returning to market. Refining margins under pressure as capacity ramps up. North Sea Forties

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