Tankers News

 

Cheniere Shunning Panama Canal for Longer LNG Routes to Asia

Jul 11, 2023

Top U.S. LNG exporter Cheniere Energy LNG.A is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal on Monday.The Panama Canal historically has been used by U…

Monjasa Begins Bunkering Operations in Singapore

Jul 05, 2023

Marine fuels trader and supplier Monjasa announced it has commenced supply operations in the Port of Singapore, the world’s largest bunkering hub.The Danish-based company said its Singapore operation now has one tanker in full service and that it expects to add two more tankers later this year…

Cheniere Energy Returns Louisiana LNG Export Plant to Full Production

Jun 30, 2023

Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance, data from Refinitiv showed.The increased production is expected to help third quarter exports of U.S. liquefied natural gas (LNG) which fell in May to 7…

Ardmore Shipping Builds a Better Fleet

Jun 14, 2023

Garry Noonan, Director, Innovation, Ardmore Shipping is candid in discussing emerging technologies and their impact on ship fuel and emissions reductions. With a fleet of product and chemical tankers under his guise, Noonan gives insights on technologies that he has seen work…

Ports in China's Oil Hub Shandong Scrutinizing Old Tankers

Jun 05, 2023

Ports in China's Shandong province are demanding more detailed information about oil tankers that are more than 15 years old that call at their terminals, sources with knowledge of the matter said, potentially delaying the unloading of crude shipments in the world's biggest oil importer…

Oil Exports from Russia's Western Ports Hit 4-year Record

Jun 05, 2023

Russia's seaborne oil exports from Primorsk, Ust-Luga and Novorossiisk hit 4-year record of 2.4 million barrels per day (bpd) in May as domestic refineries maintenance season freed up extra barrels, Refinitiv Eikon data showed on Monday.Russia's…

Shell Cuts Oil Imports at Singapore Refinery Amid Mooring Repairs

May 22, 2023

Shell has cut crude oil imports at its Singapore refinery this month and is relying on smaller tankers after extending repairs at its single buoy mooring (SBM) facility to June, according to government notices and shipping data.The company is…

'Free Money' is Over, but Shipping Finance is Positive

May 22, 2023

Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects; and competition between lenders…

Record US Crude Exports, Rising Shale Output Boosts Oil Flow to Houston

May 12, 2023

Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.U.S. crude exports climbed to a record of about 4…

US Permit Crackdown Poses New Hurdles for Proposed LNG Projects

May 11, 2023

The U.S. Department of Energy's refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday.The DOE last month…

US LNG Exports Go Full Steam Ahead

May 01, 2023

U.S. producers of liquefied natural gas (LNG) exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America, Refinitiv Eikon data showed on Monday.Following…

Crimea Oil Terminal Set Ablaze by Drone Attack

May 01, 2023

A Ukrainian drone strike set ablaze a Russian fuel storage facility in the Crimean port of Sevastopol early on Saturday, sending a vast column of black smoke into the sky in the latest attack on the Russia-occupied peninsula.The city's Moscow…

Oil Exports from Russia's Western Ports Hit 4-year High

Apr 19, 2023

Oil loadings from Russia's key western ports in April will rise to the highest level since 2019, above 2.4 million barrels per day (bpd) despite Moscow's pledge to cut output, trading and shipping sources said.Russian crude exports and transit from the ports of Primorsk…

Biden Admin Greenlights LNG Exports from Alaska LNG Project

Apr 13, 2023

The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia.The Department of Energy approved…

Spain Tightens Rules on Ship-to-ship Oil Transfers

Mar 27, 2023

The Spanish government has tightened its rules around ship-to-ship oil transfers after an uptick in the activity along its coastline.Oil tankers seeking to carry out operations off the Mediterranean and Atlantic shores, even outside territorial waters…

Logistics News

Russian Oil Freight Rates to India Ease Further With Increased Tanker Availability

Russian Oil Freight Rates to India Ease Further With Increased Tanker Availability

Russia Grain Exports Plummet 63%

Russia Grain Exports Plummet 63%

Singapore Ship Bunker Sales hit 16-month High

Singapore Ship Bunker Sales hit 16-month High

Unresolved Issues Plague Vietnam-US Trade Talks

Unresolved Issues Plague Vietnam-US Trade Talks

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