More Oil Tanker News

Shipping analyst sees upside to current tanker market

Feb 16, 2009 Despite what it calls "the prevailing pessimism of massive tanker order-books and declining oil demand for 2009," transport analyst McQuilling Services says there is still an upside to the current market.

Libya takes delivery of two oil tankers

Feb 16, 2009 Libya's state-owned General National Maritime Transport Co. (GNMTC) has taken delivery of two 115,000-dwt oil tankers, the Al-Qadisiyah and Al-Jala, from Cido Shipping of Japan.

Pirates seize another tanker off Yemen

Feb 9, 2009 Pirates operating in the Gulf of Aden, shrugging off recent military and political developments aimed at curbing their activities, hijacked the MV Longchamp, a German tanker bound from Europe to the Far East with a cargo of LPG.

Watching Government: Arctic offshore gets busier

Feb 9, 2009 Equipment for responding to arctic maritime accidents could prove inadequate as polar sea ice declines, energy demand grows, and vessel traffic increases, according to a report released Jan. 29 by the National Oceanic and Atmospheric Administration and the University of New Hampshire.

Arctic maritime emergency response capability should be improved, report says

Feb 6, 2009 Infrastructure for responding to Arctic maritime accidents could prove inadequate as sea ice declines, energy demand grows and vessel traffic increases, according to a new report.

Pirates seize another tanker off Yemen

Jan 31, 2009 Pirates operating in the Gulf of Aden, shrugging off recent military and political developments aimed at curbing their activities, hijacked the MV Longchamp, a German tanker bound from Europe to the Far East with a cargo of liquefied petroleum gas.

Non-OPEC output a non-issue for OPEC's future market dominance

Jan 27, 2009 Tanker freight rates continue to be driven by supply and demand fundamentals, reported McQuilling Services LLC.

New Caspian oil production will bypass Russian transport

Jan 26, 2009 Most of the Caspian region’s new oil production will be transported to international markets via pipelines in Azerbaijan and Georgia, reducing Russia’s share of the regional oil transport market.

Conversion, scrapping keep rates firm as demand erodes

Jan 19, 2009 Tanker market earnings for the half-year ended September 2008 firmed 43.7%, accelerating the strength seen in the previous 6 months.

Tanker freight rates weaker in 2009, analyst says

Jan 16, 2009 Tanker freight rates continue to be driven by supply and demand fundamentals, reported McQuilling Services LLC.

Somali pirates release Saudi tanker Sirius Star

Jan 13, 2009 Somali pirates released the Saudi Arabian-owned supertanker MV Sirius Star after receiving a $3 million ransom, according to officials and a negotiator for the bandits.

ExxonMobil fined for 2006 Massachusetts spill

Jan 12, 2009 ExxonMobil Pipeline Co. agreed to pay more than $6 million in fines for a 2006 oil products spill near its Everett, Mass., terminal, the US Department of Justice said on Dec. 23, 2008.

Gas exporting countries form charter, base in Doha

Jan 12, 2009 The Gas Exporters Countries Forum (GECF), a group of the world’s largest natural gas suppliers, has established a charter and chosen Doha as the home for its permanent secretariat, signaling Qatar’s growing importance in the natural gas market.

Exxon Mobil to pay $6 million in fines for 2006 Massachusetts spill

Jan 9, 2009 Exxon Mobil Pipeline Co. agreed to pay more than $6 million in fines for a 2006 oil products spill near its Everett, Mass., terminal, the US Department of Justice said on Dec. 23.

Ithaca installs Jacky facilities in UK North Sea

Jan 7, 2009 Ithaca Energy (UK) Ltd. has installed the wellhead platform and pipelines for its Jacky field in the Inner Moray Firth of the UK North Sea.

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