Tanker Trends

Singapore’s MPA Discuss LNG Bunkering

  The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

New Standard for LNG Cargo Containment Systems

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

'New Tango' Brings More Post-Panamax Ships to Charleston

New service expands Port of Charleston's capacity to serve North-South trade The SC Ports Authority today received the first ship call of a new consolidated

PDVSA Confirms Crude Imports

Venezuelan state oil company PDVSA confirmed late on Sunday reports that it is importing light crude to blend with extra-heavy oil from the Orinoco belt. PDVSA

Saudi August Oil Exports at 3-Year Low

Crude volumes used by local refineries at record high in August; Saudi crude exports seen around 7 mln bpd until December. Saudi fights for market share, exports to US decline.

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Suncor Crude Tanker to Resume Journey from Quebec to Gulf Coast

A tanker chartered by Canada's Suncor Energy Inc to ship oil sands crude from Quebec to the U.S. Gulf Coast was expected to receive replacement parts on Friday,

Venezuela's PDVSA Puts Six Tankers Up for Sale

Venezuelan state oil company PDVSA said on Friday it is selling four crude tankers and two liquid petroleum gas (LPG) tankers that are currently inactive, amid a broader plan to modernize its fleet.

GTT Receives Order from HHI for Two LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG) confirmed

Morgan Stanley Shedding Physical Oil Assets

Morgan Stanley Chief Financial Officer Ruth Porat said the bank is still committed to selling its physical oil business, even if its planned deal with Rosneft does not close.

Brent Rebounds to $87

Brent crude oil futures rose more than $1 to above $87 a barrel on Friday as investors bought into a market they saw as oversold. U.S. crude was also up sharply,

TEN Comments on Tanker Market Conditions

Crude price drop and dollar strength benefit TEN’s bottom line materially; third quarter financial results to be announced on November 21, 2014 Crude, product

BG Group wins EXXON LNG Cargo

ExxonMobil's Papua New Guinea liquefied natural gas (LNG) export project has awarded a November cargo to BG Group as part of a two-cargo tender that closed this week, two traders said.

US Confirms Duties on China's Refrigerant Imports

The U.S. Department of Commerce confirmed steep duties on imports of refrigerant gas from China on Wednesday, saying the goods were sold too cheaply in the United

Euronav Postpones Public Offering

Citing “unfavorable current capital market conditions,” Euronav NV announced today that it is postponing its contemplated initial public offering of ordinary shares

Azeri Oil Exports Decline 2% in Jan-Sept 2014

Azerbaijan's oil exports fell 2 percent year-on-year in the first nine months of 2014, a source at the State Statistics Committee said on Wednesday, driven by declines at fields operated by BP.

Denmark Lobbies for IMO Top Job

Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence

Europe Might Save $80 billion as Energy Prices Drop

EU energy imports cost over $500 billion in 2013; costs to fall to $425 bln in 2015 if oil remains below $90. The European Union could save up to $80 billion

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