Leader thanks crew of oil tankers carrying fuel to Venezuela

(Jun 11 2020)

Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei shows appreciation of the efforts of the oil tankers' crew that delivered Iranian fuel to Venezuela.



Oil tankers turn away from Venezuela as more sanctions loom

(Jun 11 2020)

Oil tankers that were sailing toward Venezuela have turned around and others have left the country’s waters as the United States considers blacklisting dozens of ships for transporting Venezuelan oil.



Chinese firms may halt use of tankers that have transported Venezuelan oil

(Jun 11 2020)

Chinese oil companies may soon decline to charter any tanker that has visited Venezuela in the past year to avoid disruption to operations if the United States blacklists more ships for trading with Caracas.



The return of SOKANA

(Jun 04 2020)

Joint venture returns the SOKANA name to the nexus of chemical and product markets.



Third Iranian fuel cargo reaches Venezuelan waters

(May 28 2020)

The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela on Tuesday reached the nation’s exclusive economic zone as the previous two were discharging at state run PDVSA’s ports.



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.




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June 2020

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