More Oil Tanker News

Watching The World: Storing oil in Orkney

Mar 2, 2009 The UK’s Orkney Islands, which lie just a stone’s throw off Scotland’s northern end, seem far away indeed from any major contact with the global oil and gas industry.

Abu Dhabi's IPIC, Greek shipping firm form JV

Feb 25, 2009 Abu Dhabi's state-owned International Petroleum Investment Co. has signed an agreement with Greek shipowner Victor Restis for investments in shipping, energy, and transport.

PTTEP Aussie unit lets contract for Montara project

Feb 24, 2009 Thai state company PTTEP Australasia has awarded a $116 million (Aus.) contract to Perth-based Clough Australia for the installation of the Montara oil facilities in the Timor Sea.

Equipment/Software/Literature

Feb 23, 2009

Marine CNG opens alternate production, delivery options

Feb 23, 2009 Recent offshore natural gas opportunities in US waters often share the same obstacle: a lack of pipeline infrastructure to support offshore drilling and transport the gas to shore.

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.

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.

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.

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.

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