Tanker Trends

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.

Stolt-Nielsen Completes Bond Issues

Stolt-Nielsen Limited announced the placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new five-year bond issue carrying a coupon of 3M NIBOR plus 4.

Icebreaker Murmansk Launched at Arctech Helsinki Shipyard

  The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was

Sino-Global Purchases First Tanker

  Sino-Global Shipping America, which was recently listed on Nasdaq, is becoming a shipowner.   The shipping agency, logistics and ship management services company

The Bigger the Ship, the Riskier

 Container ship safety is under the spotlight with ever-increasing ship sizes, as evidenced by the January 2015 inauguration of the world’s largest container ship, the MSC Oscar (19,224 teu).

Ships Queues Creep into Lagos ports

 19 ships laden with petrol and other commodities are discharging at the Lagos ports, says Nigerian Ports Authority (NPA) in its daily publication `Shipping Position’.

PDVSA's Oil Exports to Asia, Americas Fell in 2014

Venezuelan state oil company PDVSA's exports to Asia and the Americas fell last year though shipments to Europe increased, according to a preliminary government report issued this month.

First ShipArrestor Delivered

Following a full product trial in New Zealand, the Norwegian Coastal Administration (NCA) signed its acceptance of the first of two ShipArrestor systems from Miko Marine,

Denmark's Promising Future

One of the world’s leading seafaring nations, Denmark has maritime roots stretching back more than 1,000 years. While its history is strong, the Danish market has

Russia's Seaborne Urals Exports Seen Down in April

Russia's Urals crude exports and transit from the Baltic Sea ports and Novorossiisk are set to fall in April by 2.5 percent on a daily basis to 8.14 million tonnes from 8.

Global Demand to Help Oil Prices Despite US Glut

Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months despite some signs of a growing glut in the United States,

Ethane Transport & Technology

This past summer produced an order for the world’s first very large ethane carrier (VLEC), shining the industry spotlight on a traditionally niche gas sector whose

Oil Falls to $55 on China Slowdown, Dollar Reversal

Brent crude oil fell towards $55 a barrel in choppy trading on Tuesday after the dollar firmed, adding pressure to a market grappling with signs of slowing Chinese

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