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Largest Crude Oil Logistics Facility in U.S. Looks to Add Export Services
Jul 26, 2017 ... making the offering of crude oil vessel loading services for Very Large Crude Carriers (VLCCs) a first for exports at the port. "Since 1981, LOOP has safely offloaded more than 10 ...
Singapore Bunker Player Places Order for Two VLCC Newbuilds
Apr 27, 2017 ... Pte Ltd (Sentek) has placed an order with Hyundai Samho Heavy Industries Co., Ltd. (HSHI) for two VLCCs, with the option for two more, TradeWinds reports. HSHI has said the ships will feature ...
Brightoil Expects to Double its Singapore Bunker Volumes in 2017 as Part of Wider Growth Plans
Oct 19, 2016 ... years," says Staal. "With the new Zhoushan storage and terminal facility, we can soon take our VLCCs straight to China, thus reducing transportation costs. Economies of scale and in-storage ...
China Merchants Enter Singapore Bunker Market
Sep 16, 2016 ... Merchants Energy Shipping Co. (CMES). The CMES fleet includes 37 very large crude carriers (VLCCs), and 11 very large ore carriers (VLOCs). Risk management and finance matters of the new ...
Refined Oil Products Stock Build Could Push Up Tanker Rates
Feb 2, 2016 ... "At the same time, we have seen some unusual activity in the tanker market: both a Suezmax and a VLCC were recently chartered to carry diesel on their maiden voyage from Asia to ...
Oil Demand Growth Stymied by Warm Weather and Lousy Global Economics: IEA
Jan 20, 2016 ... pressure and could see floating storage become profitable." Tanker rates, particularly those of VLCCs, were given a boost from floating storage demand in January of last year, but that demand ...
CMES' Newbuilds Said to Be 20% More Fuel Efficient than VLCCs Built in 2009-2011
Dec 17, 2015 ... (CMES) has placed an order for four newbuild 308,000 DWT "eco-friendly" Very Large Crude Carriers (VLCCs), which the company says will be 20 percent more efficient than equivalent vessels built in ...
Frontline 2012 Reports "Strongest Third Quarter Ever" On Surging Oil Market
Nov 25, 2015 ... fleet utilization was said to be running at levels not seen since 2009. Average rates for VLCCs trading on a standard 'TD3' voyage between the Arabian Gulf and Japan in the third quarter ...
Tanker Rates Could Get Further Boost from Ballast Water Rules
Oct 15, 2015 ... for vessels to install ballast water treatment systems (BWTS) as per a predefined schedule. "For VLCCs (Very Large Crude Carriers), which fall firmly within the highest ballast water capacity ...
Asia VLCC Rates Reach Five-And-A-Half Year High At $100,000 Per Day
Oct 6, 2015 ... large crude carrier (VLCC) rates on voyages between the Persian Gulf and East Asia have reached a five-year high at $100,000 per day, Platts reports. Stronger-than-expected demand from ...