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Post Tagged with: "VLCC"

Geopolitical developments continue to drive maritime crude oil tanker rates

Geopolitical developments continue to drive maritime crude oil tanker rates

EIA

Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018 because of a combination of geopolitical events and changes to maritime fuel specifications. The U.S. Energy Information Administration (EIA) estimates …

February 8, 2020 - 6:55 am — Closing Bell Story‎, Crude Oil News, EIA News That Matters, Marine Shipping, Transportation
An oil tanker anchored near Marseille, France, in 2017. An array of factors are coming together to support high tanker earnings. Photo: jean-paul pelissier/Reuters

Crude Exporters Brace for Sustained High Shipping Costs

Wall Street Journal

The U.S. blacklisting of the Cosco tankers set tanker freight rates on fire, but maritime fundamentals will keep prices high

Crude oil exporters and users probably should get used to high shipping costs.

The freight-rate roller coaster …

November 4, 2019 - 9:05 am — Closing Bell Story‎, Crude Oil Exports from U.S., Crude Oil News, Energy News, International
Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

Source: Reuters:

Russia’s liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia’s Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, …

October 8, 2019 - 9:52 am — China, Closing Bell Story‎, Crude Oil News
Source: Sentinel Midstream

Another Deepwater Port to Export Crude

By Tyler Losier, Energy Reporter, Oil & Gas 360

Port will be located off the coast of Freeport, Texas
Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, submitted a license application on May 30 through the U.S. Maritime Administration

…
June 3, 2019 - 1:00 am — Closing Bell Story‎, Crude Oil News, Midstream, Oil and Gas 360 Articles
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

…
December 7, 2018 - 3:52 pm — Closing Bell Story‎, Crude Oil Exports from U.S., Crude Oil News, Press Releases