Tanker Trends

Top 10 Shipowning Nations by Value

 VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

TTS Group Secures Marine Equipment Contracts

TTS Group ASA has secured several marine equipment contracts for delivery of heavy-lift cranes for multipurpose vessels and for anchor and mooring winches for LNG tankers.

2016 a Busy Year for VLCC Deliveries - BIMCO

When it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, 2016 is off to a flying start. Six

U.S. Okays ConocoPhillips Alaska LNG Exports

The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export

Bibby Tops IoM Ship Management

Bibby Ship Management is once again the largest representative for vessels flying the Isle of Man flag in providing representative services for 30% of vessel tonnage registered on the island.

Maersk Profit Down 82%

Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 925m for the full year ending December 31st 2015, against USD 5.2bn reported in 2014, a drop of 82%.

GTT, DSME Ink Cooperation Deal

GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces the signature

Saudi Reform Efforts Wax and Wane with Oil Revenues: Kemp

"The GCC governments and peoples should realise that the boom period is over. We must all get used to a certain type of lifestyle that does not rely entirely on the state,

Oil Eases as Oversupply Impacts Markets

U.S. oil rises 2 pct despite oversupply; surplus conditions to keep gains in check. Oil prices eased on Tuesday, dragged lower by a broad decline across major

Iraq raises March Basra Light OSP to Asia

Iraq crude prices follow Saudi OSPs; Mideast OPEC producers fight for market share in Asia. Iraq has raised the March official selling price (OSP) for Basra Light crude to Asia by $0.

EU Pulls Plug on Back-Up Nav System

A British-led initiative to create a back-up to satellite navigation systems for ships has been pulled after failing to garner interest from other European countries,

Vitol Now Sees Global Demand Growing 1 Million bpd

The world's top oil trader Vitol sees global oil demand growing by up to 1 million barrels per day (bpd) in 2016, sharply decelerating from last year as the effect of low oil prices fades.

West African Crude Under Pressure in Quiet Trading

Physical trading of West African oil started slowly this week, with pending tenders and industry events in London forestalling most new physical deals. More

IOCs Stress on OSV Fuel Management Performance

Growing insistence by international oil companies (IOCs) that oilfield contract vessels (OSVs) are fitted with fuel monitoring systems has prompted an upsurge in

Hess sells Shannon LNG Terminal

 New York-based energy company Hess has sold Shannon LNG, a proposed gas-import terminal in County Kerry, Ireland’s Sunday Independent has reported.   The newspaper

Iran's Envoy to Russia Says Tehran will Raise Oil Market Share

Iran will increase its share of the global oil market gradually, in order to avoid price volatility, RIA news agency quoted Iran's envoy to Moscow as saying on Monday.

Oversupplied Market Eyes Floating Storage Opportunities

Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected

Refiners: Cheap Gasoline Demand Will Grow

The largest U.S. independent refiners are bullish on domestic gasoline demand as super-cheap fuel and the lure of bigger vehicles entice more consumers. Valero

Norway will be Lithuania's 2016 Top Gas Supplier

Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports,

Big Oil Shrinks and Plots the Way Forward

Companies seek to safeguard growth for when market recovers. As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades,

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