Tanker Trends

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

Fos Tanker Queue Grows as Strike Impacts Refinery Ops

Nearly two dozen vessels were queued outside the French oil import terminal in Fos, southern France on Thursday, held up by a strike organised by the hardline CGT

South Africa Sold 10 Million Barrels of Crude in December

South Africa's state-run Strategic Fuel Fund (SFF) sold 10 million barrels of crude in December at $28 a barrel to a unit of Glencore, Vitol and Taleveras, a director

LNG Industry Unsettled as Price Link to Crude Ends

The price of spot cargoes of liquefied natural gas (LNG) in Asia has broken its long-standing link to crude oil this year, a development likely to fuel tensions in an already unsettled market.

Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply,

Qatar's TX LNG Venture Looks to Export by 2021

Top liquefied natural gas (LNG) exporter Qatar expects exports from its Golden Pass joint venture in Texas to begin in 2021, an advisor to the government said on Wednesday.

France Counters Union Action with Strategic oil Reserves

France has started using its strategic oil reserves to counter union blockades of its refineries, the French oil industry federation said on Wednesday. "Yes,

Record U.S. LPG Exports to Asia Exacerbate Naphtha Margins

U.S. LPG exports to Asia in May near February record. Asian petrochemical makers will use around twice as much liquefied petroleum gas (LPG) in June as in the previous two months,

Putin Blesses Gazprom Neft's Arctic Liftings

Russia's Gazprom Neft, under the gaze of President Vladimir Putin, has started loading a tanker with crude from its new Novoportovskoye field in the Arctic, which

Nordic Shipholding Profits below Market Expectations

For the 3 months ended 31 March 2016, Nordic Shipholding A/S generated a profit after tax of USD 1.5 million, compared to USD 2.7 million in the same quarter last year.

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Galp Energia Holds Five-year Sell Tender of Nigerian LNG

Portugal's Galp Energia is holding a tender to sell four to six Nigerian liquefied natural gas (LNG) cargoes annually over five years, trade sources said.   Galp

TORM CFO Zacho Resigns

Mads Peter Zacho, Chief Financial Offer at TORM, has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013 and will

Alfa Laval PureNOx Prime Ordered for Five VLECs

 Alfa Laval’s new PureNOx Prime solution for water treatment in Exhaust Gas Recirculation (EGR), will be part of EGR systems on five very large ethane carriers

Saudi Aramco to provide 270mb daily to Indonesia Refinery

Aramco eyeing up to $28 bln in Indonesia refinery projects; Pertamina to announce winner of $13 bln Tuban project on Thursday. Energy giant Saudi Aramco is ready to supply up to 270,

Exxon: French Strike Has No Impact on Refinery Output

The ongoing anti-labour reform strike that has paralysed some sectors of the French oil industry and disrupted fuel supply has not impacted output at Exxon Mobil's two refineries,

Oil Falls on Iran Policy, U.S. Rig Count

U.S. rig count steady for first time this year; Iran has no plan to freeze oil output, exports. Brent crude prices fell for a fourth consecutive session on Monday

NASSCO Delivers Second ECO Tanker to APT

On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker

Qatargas Delivers 1st Spot LNG Cargo to JERA

Qatargas Operating Company Limited (Qatargas) agreed with Japan’s newly established JERA Co. Inc. on the first spot Liquefied Natural Gas (LNG) cargo purchase under

Fleet Growth: Private Trends And Public Developments

 According to Clarksons Research, the world fleet has experienced a sustained period of growth during the last decade, with owners based in the Asia/Pacific region

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