Tanker Trends

US Senate Energy Panel Votes to Lift Oil Export Ban

The U.S. Senate Energy Committee on Thursday passed a bill that would lift a decades-old ban on the export of crude oil.   The 22-member panel passed the bill

OPEC: Oil Shouldn't Fall Further, Sees Stability in 2016

OPEC expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its secretary-general said on Thursday, the latest

ClassNK Releases Guidelines for CNG Carriers

Classification society ClassNK has released its Guidelines for Compressed Natural Gas (CNG) Carriers.   Global economic and population growth is bringing about

Eni Mulls Mozambique LNG Supply Deal

Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday.

Brent Rises on U.S. Crude Stock Decline

U.S. crude stocks down sharply; weekly U.S. production falls. Oil prices rose on Thursday after a larger-than-expected draw in U.S. crude and gasoline stocks and figures showing a decline in U.

China Crude Tanks Operational from End-August

Vopak storage site in Hainan due for start-up next month. State-owned and private companies will start up about 26 million barrels of new oil tanks in southern China in coming months,

Shell May Shed North Sea Assets after BG Deal

Royal Dutch Shell will "take a good look" at selling North Sea assets after its planned acquisition of BG Group next year, Shell's Chief Executive Officer Ben van Beurden said on Thursday.

Valero Quarterly Profit Doubles

U.S. refiner Valero Energy Corp's quarterly profit more than doubled as refining margins rose due to a steep fall in oil prices. Net income from continuing operations

Long Beach Port Celebrates Environmental Successes

  Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert

Nigeria LNG to Receive Four Ships in 2015

Nigeria Liquefied Natural Gas Company (NLNG) expects to take delivery of four LNG carrier ships before year-end and another two next year, its chief executive said,

India Lifts Less Volume Under Long-term Qatar LNG Deal

India has imported 30 percent less liquefied natural gas (LNG) than it is supposed to under a long-term deal with Qatar as a slide in spot prices has cut demand from local buyers,

Spill Charge Pares BP Profit

BP takes $10.8 bln pretax charge after $18.7 bln settlement. BP's second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

BP CFO: Oil Price Soft for Short, Medium Term

Oil prices are expected to remain soft in the short and medium term, BP's chief financial officer told a news conference on Tuesday. Oil prices have halved over the past year on a global glut,

Oil Approaches Six Month Low

Oil prices extend losses to fifth session; Brent hits lowest since early February. Oil prices fell to their lowest in nearly six months on Tuesday, as a rout

Husky Energy Profit Plunges 81 pct

Husky Energy Inc, Canada's No.3 integrated oil company, reported a nearly 81 percent fall in quarterly profit as it struggles to cope with weak oil and gas prices.

China's African Oil Appetite Could Prompt Saudi Price Cut

Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa. The question now is how will top exporters Saudi Arabia and Russia respond

NewLead Holdings Announces Commercial Competency of MT Sofia

   NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet.

Scorpio Tankers to Acquire Product Tanker

  Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker. The Company reached an agreement with an unrelated

Carrier for Kansai Electric Power Named LNG FUKUROKUJU

  Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co.

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