Tanker Trends

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Watch the Shale Spread: Brent vs WTI Crude Prices

U.S. shale oil is deepening the discount of U.S. crude prices to global benchmarks, with the price gap turning into the de facto indicator of the health of American shale supply,

Oil Glut Boosts Frontline

Company profits from oil supply glut; expects to be able to pay off convertible bond in April. Operating profit at Norwegian tanker firm Frontline beat forecasts

Vitol CEO: U.S. Oil Output Flattens by Mid-Year

U.S. oil production growth will probably flatten by the middle of the year as a result of a decline in oil prices, chief executive of top global oil trader Vitol, Ian Taylor, said on Thursday.

Atlantic Gas Swings Keep LNG Traders Guessing

MILAN, Feb 26 (Reuters) - Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather

Oil Dips Near $61 on Supplies

U.S. crude inventories hit seasonal record high; Brent, U.S. crude spread widens to more than $11. Oil fell towards $61 a barrel on Thursday as a further jump in U.

Greek Banks Mull Cutting Shipping Portfolios

Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according

Philly Tankers Lines Up Charters

Philly Tankers AS announced today that its wholly owned U.S. subsidiary, Philly Tankers LLC, has entered into binding long-term time charter contracts with a domestic end-user for the two 50,

SCI's Worldwide Agents Meet

  The Shipping Corporation of India’s (SCI) Worldwide Agents Meet 2015 was this year held in the Auditorium of  it's Maritime Training Institute at Powai. The

Singapore Revises Bunkering Guidelines

 The Maritime and Port Authority of Singapore has mandated revised guidelines for "the delivery of bunker [fuel] for vessels calling at the Port of Singapore,"

Oil Tankers Idle for Months off US, Puzzling Some

Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine

First Skangass LNG Loading in Zeebrugge

LNG was loaded aboard Anthony Veder's Coral Energy, the Skangass time chartered ship, at the Fluxys LNG Terminal in Zeebrugge, marking the first Skangass loading

Enterprise: Clients Must Pay for Dock Work

Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services,

Tanker Crew Freed After Kidnapping Off Nigeria

Three crew members of a Maltese-flagged supertanker, who were kidnapped by pirates three weeks ago off Nigeria, have been released, Greece's foreign ministry said on Wednesday.

Latvia's Gas Utility Sales Volumes Fall in 2014

Latvia's gas utility Latvijas Gaze sold 10.9 percent less natural gas imported from Russia in 2014 than a year before, the company said on Wednesday.   Sales fell to 1.

General Maritime to buy Navig8 Crude Tanker

General Maritime Corp, which operates crude oil tankers, will acquire Navig8 Crude Tankers Inc in a stock-for-stock deal, the two companies said in a statement.

Union Chief: U.S. Refinery Strike Could Spread

The largest U.S. refinery strike in 35 years could spread if talks over improved safety conditions do not resume soon, United Steelworkers union (USW) International

LNG Destination Clauses May End: IGU

Destination clauses on contracts for liquefied natural gas (LNG)shipments will soon be a thing of the past because of the shale revolution in the United States,

Brent Steady at $59, Saudis Say Demand Up

Saudi Arabia's oil minister says markets are calm; Fed may not rush to raise interest rates. Brent crude held steady around $59 a barrel on Wednesday as Saudi

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