Tankers News

 

Lack of Dredging Could Delay Chevron's Venezuela Oil Exports

Jan 05, 2023

A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.Washington in November authorized the last major U.S. firm still operating in Venezuela to restore lost output and begin exporting oil as a way to encourage talks between Nicolas Maduro’s government and the country’s political opposition…

Number of Ships Loading LNG in Spain Doubled in 2022

Feb 02, 2023

The number of ships loading liquefied natural gas (LNG) in Spain and taking it across Europe doubled in 2022 compared with the previous year, helping ease the energy crisis driven by Russia's invasion of Ukraine, gas grid operator Enagas said on Thursday…

Western Tankers Ramp Up Russian Oil Shipments

Jan 31, 2023

Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow's flagship Urals grade held below an international price cap, according to market sources and Eikon data.The Group of Seven nations (G7), Australia…

Venezuela's PDVSA Tightens Oil Prepayment Rules

Jan 30, 2023

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month…

Euronav Files Arbitration Request as Frontline Aims to Nix Merger

Jan 30, 2023

Euronav filed an application request for arbitration in relation to Frontline’s action to pursue the termination of the combination agreement of July 10, 2022.Following recent acquisitions of additional shares by Famatown Finance Limited (as disclosed on Euronav’s website)…

US Coast Guard Says Freeport LNG Hazard Study Addresses Its Requirements

Jan 25, 2023

The U.S. Coast Guard determined that a Hazard and Operability study for the Freeport LNG plant in Texas addresses its requirements, according to a regulatory filing on Wednesday, bringing the fire-idled facility one step closer to a restart…

Saudi Arabia Remains China's Top Crude Supplier

Jan 23, 2023

Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.China's crude…

Insolvency at European Storage Terminal Supports Tank Storage Rates

Jan 20, 2023

The insolvency of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel.Earlier this month…

Product Tankers Poised to Profit from Jet Fuel Rebound

Jan 18, 2023

The airline industry has been hit hard during the COVID-19 pandemic and seaborne jet fuel cargo volumes suffered along with it. In comparison to pre-pandemic levels, available seat kilometers dropped nearly 90% in early 2020. Initially, air…

Gas Starts to Flow to Freeport LNG Export Plant

Jan 17, 2023

Freeport LNG's long-shut liquefied natural gas (LNG) export plant in Texas started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.U.S. LNG exports have been steadily increasing for years and Freeport…

Kazakhstan Recruits Abu Dhabi Ports to Develop Caspian Tanker Fleet

Jan 17, 2023

United Arab Emirates' Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian Sea, reducing the former Soviet republic's dependence on Russian transit, Kazakh state oil company KazMunayGaz said on Tuesday.KazMunayGaz and Abu Dhabi Ports have agreed to set up a joint venture…

US Poised to Regain Crown as World's Top LNG Exporter

Jan 04, 2023

The United States is on track to become the world's biggest exporter of liquefied natural gas (LNG) this year - ahead of current market leader Australia - once a fire-idled Texas plant is restarted, according to Reuters data.A June fire sidelined Freeport LNG…

Decarbonization Group Seeks Proposals for Carbon Capture Shipping Project

Dec 06, 2022

A Singapore-based decarbonization group said on Tuesday it was seeking proposals to study ways to offload captured carbon dioxide from ships during port calls.The call for proposals is part of the world's first project aimed at building and…

Houthis Attack al-Dhabba Oil Terminal in Yemen

Nov 21, 2022

Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognized government said.The Iran-aligned Houthis fired a projectile from a drone that landed at the entrance of the terminal…

Freeport LNG Restart Delay Causes Vessels to Seek Other Ports

Nov 16, 2022

A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Texas over the past few days on expectations the plant's restart will be delayed until December or later, according to ship tracking data from Refinitiv…

Logistics News

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

'Mega Green Port' Project Planned in Åland

'Mega Green Port' Project Planned in Åland

UK Freeports Risk Harboring International Crime

UK Freeports Risk Harboring International Crime

Number of Ships Loading LNG in Spain Doubled in 2022

Number of Ships Loading LNG in Spain Doubled in 2022

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