Tanker Trends

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Argentina Buys 6 LNG Cargoes

Argentina's state-run energy firm Enarsa has purchased six liquefied natural gas (LNG) cargoes as part of a recent tender from Vitol, Gunvor, Trafigura and Iberdrola, trade sources said.

Forcados Crude Exports Halted for Another Month

Nigeria's Forcados crude oil exports are expected to remain halted for at least another month as pipeline repairs continue following a militant attack in February,

Unipec: U.S. ANS Destined for Sinopec

Arbitrage opens after ANS discount widen on ample supplies. Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including

Asia Tankers-VLCC Rates to Hold, Ample Tonnage Weighs

"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa. Freight rates for very large crude carriers (VLCCs)

Traders Eye Export Markets as U.S. Crude Futures Pummeled

Brent/WTI spread presents window of opportunity; Vitol said to have secured two vessels. A ballooning spread between the price of U.S. and European oil, coupled with lower shipping costs,

Crude Prices Face Weekly Decline on Glut Worries

Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. While

Ship of the Year Award for NYK Vessel

Japan's first LNG-fueled ship, Sakigake, which is a tugboat owned by NYK has been recognized with a Technology Special Award at the 2015 Ship of the Year Awards

Chevron, JOVO Agree on LNG Supply Terms

Chevron Corporation announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a Key Terms Agreement with Singapore Carbon Hydrogen Energy Pte.

30 Days of Force Majeure for Qua Iboe Crude

Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal,

TCM Implements Seagull's Competence Manager

Tsakos Columbia Shipmanagement (“TCM”) S.A. has strengthened its collaboration with Seagull Maritime AS to bring its in-house ‘Tanker Competence and Promotion Management

Saudis Regain Top China Crude Supply Ranking

Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia over the previous three months, customs data showed on Thursday.

Kooiman to Repair MTS Julius Rütgers

Eiltank Schiffart GmbH & Co KG has placed the order for the repair of the inland waterway tanker vessel Julius Rütgers Shipyard with the shipyard Gerb. Kooiman B.

52 MW of ABB Azipod Propulsion Power Destined for South Korea

Ice class Azipod units ready for month long voyage from Helsinki to Asia.   Pictured at Vuosaari habor on the outskirts of Helsinki, these four Azipod units are

Oil Edges up in Advance of U.S. Stocks Data

Russia says will not coordinate oil output with OPEC; says oil output to reach 542-544 mln tonnes in 2016. Oil prices edged higher on Wednesday in muted trading

Transneft to Reroute Oil if Turkey Closes Straits

Russia's oil pipeline monopoly Transneft has the capacity to reroute oil from Russia and the Caspian Sea to other destinations if Turkey shuts the Bosphorus or Dardanelles straits,

BP's Foreign-Flag ANS Charter Signals Export Intentions

British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope,

Sarir Output Suspended due to Hariga Port Protest

A protest over wages that has shut the eastern Libyan oil terminal of Hariga has forced the operator of the Sarir oil field to suspend production of 100,000 barrels per day,

Traders Lose Millions as LPG Glut Routs Market

U.S. propane buyers cancel cargoes as prices sink. Chinese end-users seek to wriggle out of expensive contracts. Traders in the liquefied petroleum gas (LPG)

NAO Names Executive Vice Chair

On June 1st 2016, Ms Marianne Lie assumed the position of Executive Vice Chair of Nordic American Tankers Limited (NAO).  Prior to this Ms Lie had served as

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