Marine Shipping

Source: Reuters

Explosives-laden boat hits fuel ship at Saudi port, ministry says

Reuters


SINGAPORE -Saudi Arabia said on Monday that a fuel transport ship anchored at a Jeddah terminal was attacked by an explosive-laden boat, after shipping firm Hafnia said that one of its oil tankers, the BW Rhine, had been hit …

Source: Reuters

Brazilian prosecutors sue Maersk, seek to freeze $200 million

Reuters


RIO DE JANEIRO -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.

The lawsuit …

Source: Reuters

Container freight rates soar on consumer goods boom, supply chain kinks

Reuters


SINGAPORE – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources …

November 18, 2020 - 2:30 pm Closing Bell Story‎, International, Marine Shipping
Source: Reuters

China’s oil buying binge to run on in 2021 as tank operators, refiners stock up

Reuters


SINGAPORE/BEIJING  – China’s commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports.

Private tank farm …

Source: Reuters

Special Report: Phantom buyers in Russia, advice from Iran help Venezuela skirt sanctions

Reuters


MEXICO CITY – On Aug. 21, a tanker called the Otoman docked at the Jose oil terminal on Venezuela’s coast in the Caribbean to load 1.82 million barrels of heavy crude, according to the state oil company’s internal documents.…

Covid impacts crude oil tanker rates and are likely to remain low until global petroleum demand increases

Covid impacts crude oil tanker rates and are likely to remain low until global petroleum demand increases

EIA

Oil & Gas 360 Publishers Note: We have been covering the floating storage issues on our Daily Energy Market  News Desk, and the subsequent impact on world crude pricing. 

In March and April 2020, reduced demand for crude …

October 28, 2020 - 7:45 am Crude Oil News, International, Marine Shipping, Storage
Source: Reuters

Cargo from Dubai arrives in Haifa, cementing Israel-UAE trade route

Reuters


HAIFA, Israel – The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel.

One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment …

October 12, 2020 - 10:00 am Closing Bell Story‎, International, Marine Shipping
LNG Carriers Wait in Gulf of Mexico for Hurricane Delta to Pass

LNG Carriers Wait in Gulf of Mexico for Hurricane Delta to Pass

Marine Link


More than half a dozen liquefied natural gas (LNG) tankers were waiting to enter U.S. export plants in the Gulf of Mexico as Hurricane Delta marches toward the Gulf Coast.

Most tankers were located outside of Cheniere Energy …

October 7, 2020 - 9:22 pm LNG, Marine Shipping
Offshore Oil and Gas Firms Prepare for Yet Another Massive Hurricane

Offshore Oil and Gas Firms Prepare for Yet Another Massive Hurricane

Image source: National Hurricane Center HOUSTON (Reuters) – Oil and gas workers wit…

Petronet Selects Platts West India Marker for November LNG cargo tender

Petronet Selects Platts West India Marker for November LNG cargo tender First t…

September 29, 2020 - 5:24 am LNG, Marine Shipping, Press Releases
Loud Calls For Global Shipping To Ditch Fossil Fuels And Meet Climate Goals

Loud Calls For Global Shipping To Ditch Fossil Fuels And Meet Climate Goals

Hellenic Shipping News


Oil & Gas 360 Publishers Note: Very interesting article with some nice nuggets. Don’t agree with  many of the view points, but still an interesting article.  

At UN Climate Week this week, calls have increased for shipping …

The Safer tanker has been stranded off Yemen's Red Sea oil terminal of Ras Issa for more than five years.

‘Oil Spot’ Reported Near Decaying Tanker off Yemen – Saudi and the world need action now, not after the disaster

MarineLink


Oil & Gas 360 Publishers Note: We have been following this story for some time. The pending disaster will make the Exxon Valdez look like a bathtub ring after a bath. compared to  Safer tanker could be 4 times

September 24, 2020 - 12:15 pm Crude Oil News, ESG, International, Marine Shipping, Special Report
Courtesy of Zvezda Shipbuilding Complex

Novatek charters Arctic LNG 2 fleet

Offshore Energy


Russia’s largest independent natural gas producer Novatek has signed long-term charter deals for 14 Arc7 ice-class tankers for its Arctic LNG 2 project.

The company noted in its statement on Monday it has signed deals with Smart LNG, …

September 7, 2020 - 1:03 pm International, LNG, Marine Shipping, Natural Gas News
BHP Charters Five LNG-fueled Newcastlemax Bulk Carriers in a ‘World’s First’

BHP Charters Five LNG-fueled Newcastlemax Bulk Carriers in a ‘World’s First’

MarineLink


Oil & Gas 360 Publishers Note: Earlier this week we ran a story about BHP exporting  coke coal from Australia to Asia, and not have the fossil fuel count against the BHP Co2 emissions under their goal to carbon

Eni seeks US clearance to transfer Venezuelan oil – from a repurposed tanker that has been tethered for 10 years

Eni seeks US clearance to transfer Venezuelan oil – from a repurposed tanker that has been tethered for 10 years

Argus


Oil & Gas 360 Publishers Note: As this is a decommissioned tanker that has been repurposed for storage, and it is an example of a larger problem that is lurking on the horizon. It is not clear how many

Source: Fox Business

Oil and gas industry assesses damage at refineries, plants

Fox Business


The energy industry is assessing damage caused by storm surges and high winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday.

Oil and gas producers evacuated platforms and …

Novatek Ships First LNG Cargo to UAE

Novatek Ships First LNG Cargo to UAE

360 Feed Wire


Russian gas company Novatek has said it has shipped its first LNG Cargo to the United Arab Emirates.

Novatek said Friday that the cargo was shipped from the Yamal LNG project by its subsidiary NOVATEK Gas & …

August 28, 2020 - 6:05 am Energy News, International, LNG, Marine Shipping, Press Releases
A picture taken on July 21, 2019, shows Iranian Revolutionary Guards patrolling around the British-flagged tanker Stena Impero as it's anchored off the Iranian port city of Bandar Abbas. - Iran warned Sunday that the fate of a UK-flagged tanker it seized in the Gulf depends on an investigation, as Britain said it was considering options in response to the standoff. Authorities impounded the Stena Impero with 23 crew members aboard off the port of Bandar Abbas after the Islamic Revolutionary Guard Corps seized it Friday in the highly sensitive Strait of Hormuz. (Photo by Hasan Shirvani / MIZAN NEWS AGENCY / AFP)        (Photo credit HASAN SHIRVANI/AFP/Getty Images)

Iran Says It Detained a UAE Ship and Its Crew

MarineLink


Iran seized a United Arab Emirates-registered ship violating its territorial waters this week, Iran’s Foreign Ministry said on Thursday, adding that UAE coastguards killed two Iranian fishermen on the same day.

Tensions have risen between the two countries, which …

August 20, 2020 - 8:31 am International, Marine Shipping, Politics & Opinions
Nigeria’s crude exports threatened further as US floods European market

Nigeria’s crude exports threatened further as US floods European market

Energy Mix Report


The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes, forcing sellers of Nigerian and Mediterranean crudes to discount September-loading cargoes.

S&P Global Platts quoted traders on …

August 17, 2020 - 10:30 am Crude Oil News, International, Marine Shipping
Source: nydailynews.com

Tankers ship Iranian fuel cargoes to U.S. for seizure

Reuters


LONDON/MEXICO CITY  – Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on …

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Diamond S Shipping Inc. Reports Second Quarter 2020 Results

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Companyȁ…

August 13, 2020 - 6:06 am Earnings, Finance, Marine Shipping, Press Releases
Source: Reuters

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

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 …

Matterhorn Spirit - Built in 2005

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

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 …

The coronavirus turned our world upside down virtually overnight,” said Ina Reksten, COO, Yara Marine Technologies.

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

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

Hudong to deliver third Yamal LNG carrier

Hudong to deliver third Yamal LNG carrier

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

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

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

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.

June 29, 2020 - 8:00 pm International, LNG, Marine Shipping, Press Releases
Source: © Getty Representational image

Tankers Carrying Venezuelan Oil Stuck at Sea

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

New TMS Cardiff Gas LNG carrier delivered to Total

New TMS Cardiff Gas LNG carrier delivered to Total

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 …

June 23, 2020 - 8:30 am International, LNG, Marine Shipping
Source: Reuters

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

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 …

Eagle Blane (Image: Inger Johanne Stenberg/Equinor)

Equinor testing new LNG-powered shuttle tankers

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 …

June 10, 2020 - 8:00 am International, LNG, Marine Shipping, Technology, Transportation