Tanker Trends

MOL, Gas Sayago to Continue Uruguay FSRU Project

  Mitsui O.S.K. Lines, Ltd. today announced that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE,

Teekay LNG Partners Declare Distribution

  Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended September 30, 2015. The

TMS Cardiff Gas Orders First LPG Carriers

  TMS Cardiff Gas Ltd. has signed a contract with Hyundai Heavy Industries of Korea for the construction of two 78,700 cbm LPG carriers with the option to build another two.

Australian LNG Supply Weighs on Prices as Exports Pick Up

Asian liquefied natural gas (LNG) prices for November delivery extended losses as new Australian supply hit the market and demand remained subdued.   The price

Odfjell's Tanker Overhaul Seeks to Slash Emissions by 20%

Norwegian tanker shipper Odfjell announced it is upgrading the propulsion systems aboard 19 of its chemical tanker vessels in a move that aims to reduce its fuel

New Risks Moving Crude Oil by Rail

The rapidly changing landscape of crude oil exploration and drilling in the US and Canada, together with economic considerations, logistical issues related to pipeline transport,

More Democrats Needed to Repeal Crude Export Ban

Lawmakers who want to ditch the 40-year-old U.S. ban on exporting oil will likely enjoy a victory on Thursday in the Senate banking committee - but they are struggling

Stolt-Nielsen's Q3 Numbers Disappoint

Shipping firm Stolt-Nielsen reported third-quarter earnings below forecast on Thursday and said it remained worried by the expected influx of new product tankers in 2016 and 2017.

Oil Above $49 on Syria, Weather Risks

Russian, US Syria air strikes introduce Brent risk premium; Hurricane Joaquin boosts U.S. crude. Oil rose above $49 a barrel on Thursday as an emerging risk

Crowley Acquires Jones Act Tankers

  Crowley Maritime Corp. took delivery of Ohio, the first of four new, Jones Act, product tankers this week from Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.

Allowing US Oil Export Could Push Crude Prices Higher -CBO

Lifting the ban on U.S. crude exports could push the price of domestic oil up roughly $2.50 a barrel in the coming decade, a report from the Congressional Budget Office said on Wednesday.

White House Does Not Support Efforts to Lift Oil Export Ban

The White House does not support efforts by the U.S. Senate to lift the ban on oil exports, despite provisions in the legislation allowing the president to halt

Australia's NWS LNG Plant Offers October Lifting

Australia's North West Shelf liquefied natural gas (LNG) export plant is offering to sell a cargo loading in late October, and more supply could be forthcoming

BW Gas Floating LNG Terminal Arrives in Egypt

A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas

Oil Down on U.S. Crude Supplies

U.S. crude stockpiles up 4.6 mln barrels last week. Oil prices slipped on Wednesday after an unexpectedly big build in U.S. crude inventories, further evidence

Mitsui Shipbuilding Acquires TGE Marine

 Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas

India Takes Nigerian Oil Despite Shipping Concerns

India's HPCL awarded another tender to buy with Nigerian crude oil despite its concerns about shipping from the West African nation.   The refiner awarded a tender

Nigeria's Oil Exports Under Threat

Nigeria's latest effort to combat theft could imperil its oil income lifeline, compounding the damage the crude price fall has done to its finances, access to dollars and imports.

Jeb Bush Energy Plan Unveiled

Republican U.S. presidential candidate Jeb Bush will lay out energy policy proposals on Tuesday that seek to spur job growth and take aim at President Barack Obama's

Glencore: We Remain Operationally, Financially Robust

Mining and trading company Glencore said on Tuesday its business remained "operationally and financially robust" and it was confident of the medium and long-term fundamentals of its commodities.

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