Tanker Trends

APM Maasvlakte II Terminal Opens

 APM Terminals Maasvlakte II held a ceremony  to celebrate the opening of the world’s most automated container terminal.   The  event that was attended by Dutch

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Strong Tanker Market Extends Peak Season High Earnings

Tanker earnings for crude oil tankers have climbed to new strong levels in the first quarter of 2015, with averages not seen since 2008, the Baltic and International Maritime Council (BIMCO) reported.

Asia Tankers-VLCC Rates Soar

Middle East VLCC rates hit $69,500 a day; daily VLCC rates average $51,000, highest since 2008 (Clarkson). Rates for very large crude carriers (VLCCs) on a key

Russian Fuel into Singapore Clouds Price Outlook

Singapore fuel oil stocks hit near two-year high. Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe,

CPC Buys Rare North Sea Forties Crude Parcel

Taiwan's CPC Corp bought a rare cargo of North Sea Forties crude as it seeks to diversify supply, a source familiar with the matter said on Thursday. The state-owned

Cheap Oil Drives Trading Volumes

Some of the world's biggest oil trading houses say they expect increased volumes this year as a fall in oil prices ties up much less capital for trading than a year ago.

GSF and BIMCO Publish Standard Box Freight Document

 The Global Shippers Forum (GSF) has joined forces with the Baltic International Maritime Council Organisation (BIMCO) to launch the BIMCO/GSF SERVICECON container shipping contract.

MISC may Sell AET Tanker Holdings

  MISC Bhd  is selling AET Tanker Holdings Sdn Bhd, which owns a fleet of 74 crude oil and product tankers, to US-listed Teekay Tankers Ltd, reports local media.

Total-led New Guinea LNG Project Eyes First Gas in 2021

First shipments from a new liquefied natural gas (LNG) project in Papua New Guinea operated by French oil major Total SA is expected in 2021, a top executive at

Oil Dips Below $62 on U.S. Inventory

U.S. crude stocks rose 5.5 million barrels last week. Industry leaders say demand will push prices higher. Oil prices dipped under $62 a barrel on Wednesday after industry data showed a build in U.

Libya's Hariga Port Reopens, Security Strike Ends

Libya's eastern port of Hariga reopened on Wednesday after security guards ended a strike over salary payments, and a tanker has started lifting about 700,000 barrels of crude, an oil official said.

White House Says US Ship Near Yemen to Ensure Commerce

The White House said on Tuesday that the presence of a U.S. aircraft carrier near Yemen is intended to ensure freedom of navigation and commerce in the area.   White

Trafigura Up Oil Trades with Russia

Swiss commodities trader Trafigura said on Tuesday it had increased its exposure to Russia but that new trading activities were fully in line with U.S. and EU sanctions.

New Tanker Designs Feature Reduced Ballast Capacity

‘Clear Advantage’ tanker design series is reported to reduce ballast requirements by 40%. Ready to be built, the designs combine operational and environmental performance

Stena Bulk Charters Out LNG Carrier

Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the

Vens Push New OPEC Oil Blending Strategy

PDVSA head Del Pino says aim is to increase market competitiveness. Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies,

Saudis on Alert Over Possible Oil Attack

Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, the Interior Ministry spokesman Mansour Turki said on Monday.

Liner Service Reliability Jumps to 64%

 According to Drewry Supply Chain Advisors, liner shipping service reliability on the three East-West trades showed an aggregate on-time performance of 64% in March - a five-month high.

Suezmax Tankers Bullish

Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa.   Suezmax

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