Sunday, May 25, 2025

Transportation

Exclusive: How Venezuela lost three oil supertankers to its Chinese partner

August 11, 2020

Reuters NEW YORK/SINGAPORE – A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry its oil, court documents show. PetroChina Co Ltd, which had been state-run Petroleos de Venezuela’s partner in the Singapore-based joint

US crude cargo to Saudi Arabia – That’s something you don’t see everyday.

August 5, 2020

Argus Houston, 5 August (Argus) — The US has sent what appears to be its first ever crude cargo to key Opec producer Saudi Arabia, according to the US Census Bureau. A 550,000 bl cargo left the US Gulf coast in June for Saudi Arabia, according to the latest available government statistics released today. This would mark the first crude shipment

Marine Scrubbers: Yara Marine Plots the Path Forward, Post-COVID-19

July 21, 2020

MarineLink Oil & Gas Publishers Note: This is an outstanding article from MarineLink. Ina and Shyam nail the Marine Scrubbers issues. Yara Marine Technologies COO Ina Reksten and Research and Development Manager Shyam Bahadur Thapa reflect on the effects of the coronavirus crisis and share their vision for a future beyond the pandemic. 2020 will go down in history as

Hudong to deliver third Yamal LNG carrier

July 9, 2020

Offshore Energy Oil & Gas Publishers Note: There are some hidden takeaways in this article. The Chinese shipbuilding yard has 17 Large LNG carriers on order under a leasing business model. A brilliant business model to keep control of large assets. China’s Hudong-Zhonghua Shipbuilding is to deliver another LNG carrier that will serve the Novatek-operated Yamal project in the Arctic.

Samsung Heavy Industries and Bloom Energy Advance Plans for Clean Power Ships with Joint Development Agreement

June 29, 2020

Bloom Energy (NYSE: BE) and Samsung Heavy Industries (SHI), a part of Samsung Group, have signed a joint development agreement (JDA) to design and develop fuel cell-powered ships.

U.S. sanctions hit global oil fleet as traders shun nearly 300 tankers- oilandgas360

Tankers Carrying Venezuelan Oil Stuck at Sea

June 24, 2020

MarineLink Oil & Gas Publishers Note: We have been covering this story on China and other countries trying to go around the U.S. sanctions on Venezuela. It is interesting that the refineries are watching where the shipments are originating. 16 Tankers holding 18.1 million barrels is a lot of oil. Tankers carrying nearly two months worth of Venezuelan oil output

New TMS Cardiff Gas LNG carrier delivered to Total

June 23, 2020

Offshore Energy Greece-based shipping company TMS Cardiff Gas has taken delivery of another LNG tanker built by South Korea’s shipbuilder Hyundai Heavy Industries. The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir. TMS Cardiff Gas took delivery of the newbuild LNG vessel on June 1. Qogir was subsequently accepted by its charterer Total Gas & Power, a unit of

MOL shrinking fleet by 40 ships as part of defensive measures in response to COVID-19 crisis

June 23, 2020

Offshore Energy Japanese shipping major Mitsui O.S.K. Lines (MOL) has devised a plan comprising defensive measures the company should take in order to reduce market exposure and reexamine investment activities in response to the coronavirus pandemic’s impact. In order to be able to chart its path forward, MOL had to review the impact of the pandemic on the markets it

U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail

June 21, 2020

NGI Oil & Gas Publishers Note: The conclusion: “The new regulations could aid small-scale LNG projects in remote areas or help stakeholders at a time when larger export terminals are facing development hurdles amid a global gas glut and lower prices. Moving the fuel by rail could also help projects in certain parts of the country like those in

BC Ferries’ Hybrid-electric Newbuilds Enter Service – A new update to a proven technology for WWII submarines

June 19, 2020

MarineLink Oil & Gas Publishers Note: Have you ever been on a WWII submarine, or met one of the veterans that served on them? The diesel-electric hybrid submarines played a critical role in defeating the Axis Powers. I would love to meet some of the submarine veterans on one of the BC Ferries to get their opinions of the vast

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions

June 12, 2020

Reuters Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude. Caracas’ ally

Equinor testing new LNG-powered shuttle tankers

June 10, 2020

Offshore Energy Norwegian energy giant Equinor is testing two newbuild liquefied natural gas-powered shuttle tankers it chartered for operations in the North Sea. The first tanker Eagle Blane is owned by Malaysian shipowner AET, while the second vessel Rainbow Spirit belongs to Teekay’s Altera. Eagle Blane recently conducted its first LNG bunkering in the port of Rotterdam prior to heading to Amoyfjorden

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