Tag: supertankers
Unprecedented Influx Of Supertankers Signals Booming US Oil Exports
The reported increase in the number of supertankers heading to the US to collect oil reveals several key dynamics within the global oil market,...
How To Steer A Super Tanker On Dry Land In Newport...
programmed into the system currently are 45 different vessels, ranging in size from small fishing boats to high-speed ferries to mega-containerships
there isn’t...
Supply Cuts Hit Oil Tanker Market Badly
Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels effectively subsidize cargo deliveries on...
Supertankers in China’s Plan To Drain Crude Oil Glut
China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut -- brand new supertankers usually reserved...
World’s Top Oil Traders Charter Supertankers, Despite Oil Glut
The Leading oil traders across the world, charter dozens of supertankers for potentially storing oil at sea amid signs that demand recovery has...
Chinese Bound Crude Volume Fall Hints Faltering Demand
Tankers bound for the Asian country has reduced due to buying weakness.
The Chinese bound crude volume plunged to its lowest level since...
Supertanker Rates Jumped To $180,000 Per Day As OPEC Opens Crude...
Tanker rates soaring as OPEC opens oil taps.
Major producers scrambled to secure vessels to ship more crude.
Buyers took advantage of plunging...
Shipping Companies Banking on Gas Carriers As LNG Demand Grows
Demand has grown sharply in Asia and in the U.S. as improved hydraulic fracturing technology has made drilling for both shale oil and...
Iran Looking for Ships to Keep Oil Flowing
Renewed U.S. sanctions makes potential sellers and flag registries wary of doing business with Tehran.
With U.S. sanctions in November, up to 10...
12 Vessels Travel 21,000 Miles Holding Nothing But Seawater
Vessels are making voyages of as much as 21,000 miles direct from Asia, all the way around South Africa, holding nothing but seawater...