November 21, 2009
Today's News
Past Week
Past 30 Days
Past 90 Days
Past Year
Since 1999
Free Maritime Magazine Subscribtion
Get Your late Industry News delivered daily
Get News Alerts
email updates based on your choice of query
Advertising Rates & Info
Features
Coast Guard
Contracts
Education/Training
Environmental
Finance
Legal
Maritime Security
Navy
New Products
News
Offshore
Ports
Shipbuilding
Vessels
Maritime Reporter
Subscribe
Archive
MarineNews
Subscribe
Archive
Our Sites
SeaDiscovery
Employment
Equipment
Maritime Expo
Global Maritime Directory Online
Search
RSS Feeds
Mobile
News Archive
Contact us
EMAIL THIS PAGE
Supertankers Store 50m Barrels of Oil
Monday, January 05, 2009
According to a Dec. 15 report from Financial Times, oil companies and traders are storing at least 50 million barrels of oil in supertankers in a clear sign of supply outstripping demand as the global economy slows. The current floating storage is enough to meet France’s oil imports for a month and the biggest since late 2001. Storing oil in tankers is unusual as it is significantly more expensive than inland.
(Source: Financial Times)
Related Strories
House Bill Would Requires Two Tugs for Tankers
Weak but Steady Growth in Oil & Gas Tanker Fleet
Aegean’s New Bunkering Tanker
Frontline Cancels Tanker Orders
Drewry Shipping Predicts Tanker Doldrums
CG Photo: Barge Grounding at Sandbridge
Nov 19 2009 7:20PM
Report on USCG ARRA Expenditures
Nov 19 2009 7:20PM
Wojtaszczyk Joins Bisso Marine
Nov 19 2009 7:19PM
Dockwise, $24M in Near-Term Contracts
Nov 19 2009 7:18PM
EU NAVFOR Neutralize Pirate Attack
Nov 19 2009 7:18PM
Edoc Systems Remains Healthy in Sour Economy
Nov 19 2009 7:17PM
Bisso Marine Promotes Posik
Nov 19 2009 7:16PM
CMA CGM: Significant Recovery in Operations
Nov 19 2009 7:16PM
Tsakos Energy Ship Sales
Nov 19 2009 7:15PM
Drydocks World – Dubai Wins Award
Nov 19 2009 7:14PM
Statoil: Horton Case Closed
Nov 19 2009 7:13PM
Reminder of Best Practices Following Pirate Attacks
Nov 19 2009 7:13PM
This Day in Coast Guard History – Nov. 20
Nov 19 2009 7:12PM
This Day in Naval History – Nov. 20
Nov 19 2009 7:11PM
Wing Inflatables Expands Boat Series
Nov 19 2009 2:42AM
Iridium Teams Up to Supply Mexico
Nov 19 2009 2:41AM
USCG Deploys KVH TracPhone V7 Satellite
Nov 19 2009 2:40AM
Mansuy, 2010’s Best Lawyers in America
Nov 19 2009 2:39AM
Donjon Sells Interest in Port Albany Ventures
Nov 19 2009 2:38AM
STX Finland Constructs South African Research Vessel
Nov 19 2009 2:37AM
© 1996-2009 Maritime Activity Reports, Inc.
Developer:
Vladimir Bibik