Tanker Trends

Tanker Crewman Medevaced off Virginia

The U.S. Coast Guard medevaced an ailing crew member Saturday from a tanker off Virginia Beach.   Coast Guard watchstanders at the 5th District Command Center

Chemical Tanker Runs Aground off Alaska

A 599-foot Norway flagged chemical tanker Champion Ebony ran aground near Nunivak Island, Alaska on June 24.   U.S. Coast Guard Sector Anchorage watchstanders

TransCanada Formally Seeks Damages over Keystone XL

TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama's rejection of the Keystone XL pipeline, seeking $15 billion in damages, the

Iran Oil Chief to Expected to Expedite Oil Major Deals

Zanganeh ally made new head of national oil firm; Kardor expected to speed up deals with oil majors. Oil minister Bijan Zanganeh has handed the running of Iran's

Brexit Uncertainty Weighs on Commodities, Gold

But for how long? Amid the horror for many, the elation for others and the shock for virtually everybody of the British vote to exit the European Union, perhaps

VL-exit?

 Earlier this week spot returns in the VLCC market touched their lowest level since October 2014, with TCE earnings for Middle East/Japan (TD3) falling close to $20,

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

Terntank's first 15000DWT Chemical Tanker Passes Sea Trials

The first dual-fuel two-stroke engine employing the low-pressure X-DF gas admission technology developed by Winterthur Gas & Diesel (WinGD) has passed the final

Slowing Shipping Fleet Growth to Ease Officer Shortage

 Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latest Manning report published by global shipping consultancy Drewry.

Oil Ends Higher in Choppy Trade ahead of Britain's EU Vote

Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote

Edison Agrees New Pricing Deal with Eni over Libyan Gas

Italian energy group Edison, controlled by France's EDF, said on Thursday it had reached an agreement with oil major Eni to revise the pricing formula on gas imported from Libya.

RBS Receives Bids for Greek Shipping Business

The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap

Saudi Prince talks Oil Markets with U.S.

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman discussed global oil market conditions and efforts to maintain its stability with U.S. Energy Secretary Ernest Moniz,

Philadelphia Energy Shopping East Coast's Largest Refinery

Philadelphia Energy Solutions, the Carlyle Group-backed company that breathed new life into a "zombie" refinery complex on the East Coast is now trying to shed

TEN Sends New Aframax Tanker to Work for Statoil

Tsakos Energy Navigation Ltd. (NYSE:TNP) has taken delivery of the aframax tanker Elias Tsakos, part of the 15-vessel newbuilding program and the first of the nine

OOCEP Ships First Crude Oil from MGP Terminal

Oman Oil Company Exploration & Production LLC (OOCEP) shipped its first crude oil cargo from the Musandam gas plant (MGP) with the support of UAE-based Marsol International.

First Oil Shipment from Oman's Musandam Plant

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has successfully supported

Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) has today taken delivery of Nordic Castor, the second of four secondhand Japanese-built Suezmax tankers acquired in May 2016.

Australia LNG Export Boom Defies Weak Price

Australian exports of liquefied natural gas are likely to grow strongly over the new few years despite subdued prices for the energy given the massive amount of money already sunk into projects,

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