Tanker Trends

Shipping Confidence Hits 2.5 Year Low

  Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

OPEC Output Highest Since October

OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates,

India Halts Iran oil Imports Under U.S. Pressure

Oil imports from Iran at 220,000 bpd in year to March 31. U.S. pressured India not to raise annual Iran oil imports. India halted oil imports from Iran for the

North Dakota's Train Safety Rules Inadequate

New regulations to cap vapor pressure of North Dakota crude fail to account for how it behaves in transit, according to industry experts, raising doubts about whether

Oil Near $55 as Iran Nuclear Talks Intensify

Iran negotiations in Lausanne enter last 24 hours. A nuclear deal could see Iran increase oil exports. Brent crude oil dropped towards $55 a barrel on Tuesday

SCI takes Delivery of VLCC "Desh Vibhor"

The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Very Large Crude Oil Carrier (VLCC) on 28 March, 2015. The vessel has been named “Desh Vibhor”.

Maersk to Install Transas ECDIS on 100 Vessels

 Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

ECDIS to be Installed on 100 plus Maersk Vessels

Maersk Line selected Transas Marine for  ECDIS implementation on  more than 100 vessels.   The contract features Transas state-of-the-art Navi-Sailor ECDIS 4000

Amid Yemen Chaos, China Lifts More Oil

China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

NORDEN CEO: Bulk Market Challenges to Continue

Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions

Libya's Oil Output at 622,000 BPD

Libya has managed to boost oil production to around 622,000 barrels per day (bpd), a report from the state-run National Oil Corp of Libya (NOC) said.   The eastern

Asia LNG Prices Lower on Piecemeal Demand

Asian spot liquefied natural gas prices slipped on Friday as disappointing demand weighed on the market, traders said.   The price of spot LNG for May delivery eased to $7.

Asia VLCC Rates Flat, Owners Battle Further Drop

Owners to resist charterers attempts to push rates down; VLCC rates could soften if cargo volumes fall. Rates for very large crude carriers (VLCCs) on key Asian

Japan's JX Refining Output Shrinks 10 pct y/y

Japan's top oil refiner JX Nippon Oil & Energy Corp said on Friday it would refine 10 percent less crude oil in April from the same month a year ago due in part to slowing domestic demand.

Oil Falls as Middle East Supply Fears Ease

U.S. crude set for biggest weekly gain since early 2011. Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to

Trafigura Expands Rosneft Oil Deal

Russia's Rosneft to sell Trafigura up to 1.6 mln T in April; Trafigura's April volumes of Russian oil second only to China. Trafigura is emerging as the new king of Russian oil trading,

Helios LPG Pool to Start Operating

  Dorian LPG Ltd. today announced the commencement of operations of Helios LPG Pool LLC on April 1st, 2015.  Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte.

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