Tanker with 80,000 tonnes of US oil for Belarus will arrive in Klaipeda in early June

(May 21 2020)

American oil will be delivered from Klaipeda to OJSC Naftan in the Vitebsk region by rail.



Traders book Jones Act tankers for storage, foreign trips as U.S. fuel glut swells - sources

(Apr 30 2020)

Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, Reuters reports.



Dozens of oil tankers wait off California's coast as the pandemic dents demand

(Apr 30 2020)

Three dozen massive oil tankers are anchored along the California coast.



Platts - tanker storage rates surge "unlikely to continue beyond Q2"

(Apr 08 2020)

Oil analysts Platts say that the boom in tanker rates due to tankers used for oil storage "is not expected to continue beyond Q2".



The FPSO market – what tanker operators should know

(Mar 26 2020)

Three lawyers from London law firm Haynes and Boone LLP present an overview of what they see happening in the market for Floating Production Storage and Offloading (FPSO) vessels – which may provide opportunities for companies in the tanker sector. ...



History’s largest oil glut months away from topping world storage while tanker freight rates explode

(Mar 26 2020)

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10 million barrels per day (bpd).



Tanker market "strongest in decades" - Nordic American

(Mar 19 2020)

In a letter to shareholders, Herbjørn Hansson, Chairman & CEO of Nordic American Tankers, says that the tanker market is the "strongest we have seen in decades".



Tanker rates up 700 per cent - Bloomberg

(Mar 19 2020)

Earnings from benchmark tanker rates jumped 700% the past week to $243,000 a day, according to data from the Baltic Exchange in London, quoted in a Bloomberg article.



Poten - " increase in demand for floating storage"

(Mar 10 2020)

Over the next 3 months, increasing oil supply at significantly lower prices in a market with weak demand fundamentals should lead to an increase in demand for floating storage, says Poten and Partners in its March 9 News Brief.



2019 volatility lifts freight derivative volumes

(Jan 23 2020)

The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2019 according to data released by the Baltic Exchange.



"Flotilla of oil tankers sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast"

(Jan 09 2020)

A "Flotilla of oil tankers sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast", Reuters reports.



Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Hormuz

(Jan 09 2020)

Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Hormuz, according to Platts.



US products exports – here to stay

(Mar 07 2014)

To accommodate recent increases in US refinery production, due to the abundance of domestic fracked crude, shipping trade flows have shifted and new markets for these products have been established.



Clubs announce renewals success

(Feb 28 2014)

Several major P&I clubs have issued statements following renewals day on 20th February.



Are Eco ships all that they are cracked up to be?

(Dec 01 2013)

Euronav has claimed that it had demonstrated that by installing a Becker Marine Mewis Duct, savings of between 10% on a VLCC to 7% on a Suezmax can be achieved.




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June 2020

low carbon strategy - digital tanker market models - battery explosions - better catering onboard - challenges of ballast installations