US independent Hess has chartered three very large crude carriers ( VLCC s) to store 6mn bl of its Bakken crude as US land-based storage nears capacity, chief executive John Hess said today.
News ID: 9366 Publish Date : 2020/05/07
A Saudi Arabian oil official on Saturday refuted the conclusion of an analytics firm that the country’s oil exports to the US dramatically increased in the last month.
News ID: 9186 Publish Date : 2020/04/18
As many as 25 very large crude carriers ( VLCC s) were booked for floating storage during 1 February-30 March, according to shipping data obtained by Argus, as crude demand and prices plummet from a combination of the Opec+ battle for market share and the coronavirus pandemic.
News ID: 9006 Publish Date : 2020/04/01
Scrubber-fitted very large crude carriers ( VLCC ) should see a time charter equivalent (TCE) premium of $12,500/d compared with VLCC s without scrubbers, according to vessel operator DHT, equal to an additional $4.5mn per year.
News ID: 6952 Publish Date : 2019/10/24
Ships fitted with exhaust gas cleaning systems in September spent an average of 44 days out of service, a 33pc increase from 33 days for installation of such scrubber systems in June, according to shipping firm Clarksons.
News ID: 6716 Publish Date : 2019/10/18
Norwegian independent tanker operator Frontline said Friday the worst for the tanker sector was over, adding it was well positioned for any rebound in the market.
News ID: 2629 Publish Date : 2018/11/16
China's Qingdao Port International is confident that crude imports by Shandong-based independent refiners in 2019 will remain stable from 2018, dispelling concerns that independent refiners may be slowing their operations in response to increased competition and tighter tax regulations, the company's general manager, Liu Jin, told S&P Global Platts on the sidelines of the Asia Pacific Petroleum Conference in Singapore this week.
News ID: 2288 Publish Date : 2018/09/27
International Seaways has signed contracts with Norway's Clean Marine AS to purchase seven exhaust gas cleaning systems, commonly known as scrubbers, to install on 50% of its VLCC fleet of 14 vessels, the company announced Monday.
News ID: 2267 Publish Date : 2018/09/25