Post Tagged with: "supertankers"

Source: Houston Chronicle

The oil glut is filling up the world’s supertankers fast

Houston Chronicle


The world’s oil tankers are being filled with crude at a record pace as the options to store a glut on land rapidly diminish, one of the industry’s largest owners said.

A combination of surging production from key …

Source: Reuters

Booking frenzy sends tanker rates soaring as OPEC opens oil taps

Reuters


SINGAPORE  – The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more crude in a bid to regain market share and buyers took advantage of plunging oil prices.

Freight …

March 12, 2020 - 3:00 pm Crude Oil News, Energy News, Marine Shipping
Corpus Christi Ship Channel Gets Funding Nod for 75-Foot Depth: Permian Producers Can Gear Up for Supertankers

Corpus Christi Ship Channel Gets Funding Nod for 75-Foot Depth: Permian Producers Can Gear Up for Supertankers

Expanded Texas shipping lane could help cut trade deficit by $50B