Tankers News

 

U.S. Grants Jones Act Waiver to Company to Ease Fuel Supply Shortages after Cyber-attack on Pipeline

May 13, 2021

The U.S. government relaxed a long-standing maritime law protecting domestic shipping commerce to allow an undisclosed company to transport gasoline and diesel to ports in the East Coast after a cyberattack crippled the nation's largest fuel pipeline network.The Jones Act, implemented in 1920, requires goods moved between U.S. ports to be carried by ships built domestically and staffed by U.S. crews…

More Shuttle Tankers Needed, Rystad Says

Jan 13, 2022

More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said.Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia are expected to rise to 3…

AET Takes Delivery of New Shuttle Tanker for Shell Charter in Brazil

Jan 05, 2022

Tanker operator AET has taken delivery of Eagle Campos, the first of another three Suezmax Dynamic Positioning (DP2) Shuttle Tankers purpose built for long-term charter to Brazil Shipping I Limited, a subsidiary of Shell.Shuttle tankers are…

LOOP Did Not Deliver Sour Crude from Storage in September

Oct 01, 2021

The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, said on Friday it made no deliveries of sour crude from storage last month, following two storms that hit the U.S. Gulf Coast.The facility closed on August 28 ahead of Hurricane Ida…

Louisiana Offshore Oil Port Fully Reopens After Ida Damages

Sep 10, 2021

The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, has fully reopened its marine operations for imports and exports, a spokesperson said on Friday.The facility closed on Aug. 28 ahead of Hurricane Ida…

US Gulf of Mexico Oil Production Losses Lead to Cargo Cancellations

Sep 09, 2021

U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo shipment cancellations to buyers in Asia.Production should…

Cambodia Seeks Return of Ship Carrying Country's First Oil Output

Aug 26, 2021

The Cambodian government is seeking the return of an oil tanker and its crew who have been detained in Indonesia, alleging that the ship had loaded oil illegally from an offshore oil field, a government official said on Thursday.The Bahamas…

Indonesia Seizes Tanker Loaded with 'Stolen' Cambodian Crude

Aug 26, 2021

Indonesia's navy is preparing to charge the captain of a ship accused of loading oil illegally in Cambodia and anchoring in Indonesian waters without permission, according to local authorities and the vessel owner.Bahamas-flagged tanker MT Strovolos…

Opinion: Weak Crude Imports in Asia Undercuts Oil Bulls

Aug 05, 2021

Another month, another weak outcome for crude oil in Asia, the world's top-consuming region, with July's imports declining for a fourth month in five as demand weakened amid high prices and the ongoing coronavirus pandemic.Asia's imports for July were assessed at 21…

Ship Recycling: Ship Scrap Prices Soar to Nearly $500/ton During the Pandemic

Apr 15, 2021

Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland…

Altera Takes Sixth E-shuttle Tanker from Samsung

Mar 08, 2021

Altera Infrastructure recently took delivery of its newest E-shuttle tanker Altera Wind from South Korean shipbuilder Samsung Heavy Industries.The 103,000 deadweight tonne newbuild is the sixth and final in the series of DP2 shuttle tankers…

Brazilian Prosecutors Sue Maersk Over Alleged Corruption

Dec 11, 2020

Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday…

BIMCO on Tanker Shipping; The Worst is Not Over

Nov 25, 2020

While the tanker market had a strong run at the outset of the COVID-19 pandemic, according to a report released this morning by BIMCO, tanker shipping will not benefit this year from the usual strong winter seasonal effect. Though the new lockdowns…

FSO Nabarima Is 'Upright' but Crude Transfer Could Be Risky

Oct 26, 2020

A Venezuelan floating oil facility that had been listing in recent weeks is upright and shows no sign of sinking, but plans to offload crude from the vessel posed some risks, the energy minister of neighboring Trinidad and Tobago said on Thursday…

Tanker Approaches Listing FSO Nabarima to Load Crude

Oct 20, 2020

An oil tanker operated by Venezuelan state oil company Petroleos de Venezuela on Tuesday approached a floating oil facility where it is expected to receive crude via transfer at sea amid environmental concerns, Refinitiv Eikon data showed.Environmental…

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