2014 to May 2015 and indicates possible future market direc-tions. ... when a drop in crude oil prices propelled demand for crude tankers. Freight rates surged and the 1-year VLCC timecharter rate rose to the highest level since the start of the financial cri- ... and lower oil prices boosted product tanker demand. As a result,

The oil tanker, used in some form for more than 130 years, has evolved from a basic vessel carrying oil to a behemoth of the sea, able to transport vast amounts of liquids in the most efficient manner possible.

2015 | The Group expanded its business at the South Pacific Islands. The Group has acquired 3 oil tankers, named Angel 6, 18 and 62, with total capacity over 100,000 MT in support of this expansion. ... The Group purchased 3 oil tankers named Angel 22, 61, 66 with total capacity of 125,000 MT. ...

Combination ore-bulk-oil carriers and permanently moored floating storage units are two other variations on the standard oil tanker design. Oil tankers have been involved in a number of damaging and high-profile oil spills. As a result, they are subject to stringent design and operational regulations. ... 2015: VLCC Crude Persian Gulf–Japan ...

The death toll from an oil tanker explosion in Western Equatoria state, South Sudan, this week has risen to 182, according to a regional official. The blast occurred in the town of Maridi on ...

The fixture lists, provided to Reuters by tanker brokers and oil traders, also showed Vitol has booked the 2 million barrel Maran Corona Very Large Crude Carrier (VLCC), while Swiss-based trader ...

South Korean shipbuilders ride oil tanker wave. ... Owners of crude oil tankers have been encouraged to buy new vessels by a recovery in charter rates stemming both from new demand to move oil ...

Sep 10, 2018· The fiery explosion of oil-laden CSX tanker cars along a snowy stretch of south-central West ia came just two days after a similar incident in eastern Ontario, and follows a year that ...

Jan 10, 2018· Part of an oil tanker that has been ablaze for days off the coast of Shanghai exploded Wednesday, forcing rescue boats searching for 31 missing sailors to retreat, Chinese authorities said.

Ship Finance International Limited SFL is one of the largest shipowners having a fleet of more than 80 vessels, including 10 crude oil tankers. The stock currently has a Zacks Rank #1. The stock ...

A tanker loaded with around 514,000 barrels of oil has set sail from Vancouver en route to China in what is the largest shipment of oil from the Canadian port since 2015

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Poten Pinpoints Busiest Dirty Tanker Routes in 2015. ... The AG to South Asia (India) trade ended up in third place, while destinations in South East Asia rank number 6. Traditional import powerhouses USA and UK/Continent are way down the list, but remain in the top 15. ... More vessels are being used to store crude oil based on a recent …

: THE BUSINESS TIMES Energy & Commodities - [HOUSTON] An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.. Read more at The Business Times.

Grown from 3 to 33 Suezmax crude oil tankers since 2004. ... Nordic American Tankers Limited (NYSE: NAT) - New suezmax vessel delivered to NAT today - impacting earnings and dividend capacity positively 08/14/2018 Nordic American Tankers (NYSE: NAT) - The 2nd Quarter 2018 report - A busy quarter 07/25/2018

Houthi attacks on oil tankers highlights need to break the militia's grip on Yemen ... then we really would have a Hezbollah south in a few years.” ... after signing the 2015 nuclear deal and ...

Jan 02, 2015· Single Hull Oil Tankers Barred From U.S. Waters. ... (ENS) – As of January 1, 2015 single-hull oil tankers are no longer allowed in U.S. waters. ... New South …

Jun 04, 2015· Published on Jun 4, 2015 China is cashing in on the falling price of oil. This super tanker is a floating storage facility, holding more than 3 million barrels of crude.

Oil Tankers. Crude oil tankers are large ships used to transport crude oil from the Middle East, Africa, and Latin America to refineries worldwide. Tankers that carry refined products are known as product tankers, and carry refined petroleum products from refineries to distribution locations. ... (November 29, 2015). Oil Transportation [Online].

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Until 2015, the two companies had a close partnership in the lucrative bunker oil market in West Africa. Concordia Maritime's deficit grows The only product tanker in Stena Group, Concordia Maritime, exits the first half of the year with a larger deficit than from the same period last year.

In this Feb. 17, 2015 file photo, a train derailment that sent a tanker with crude oil into the Kanawha River near Mount Carbon, ... South Africa ZA;

Yemen’s Houthi rebels say that they’re ready to unilaterally suspend attacks on Saudi oil tankers in the Red Sea in an attempt to reach a peace agreement with Saudi Arabia ... Quits South Pars ...

Traders Are Hoarding Oil In These Colossal Ships While They Wait For Prices To Bounce Back. Mike ; Jan. 20, 2015, 3:28 PM; ... Traders are in a mad dash to rent some of the world's biggest oil tankers so they can store crude while prices remains in record-low territory. ... is stationed off Singapore and is likely to remain there for most ...

The oil tanker veered off the road on its way to a region west of the capital, Juba. Photograph: Jadwiga Figula Photography/Getty Images/Moment Open At least 85 people have been killed in South ...

“Having enjoyed a very strong 2015 that saw the highest freight rates for crude oil tankers in seven years, 2016 was a step down, but still profit making. As the crude oil tanker fleet kept growing faster than demand in 2017, losses returned to the industry, after three profitable years.”

The death toll from an oil tanker explosion in Western Equatoria state, South Sudan, this week has risen to 182, according to a regional official. The …

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Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait, one of the world's most important tanker routes, after Yemen's Iran-aligned Houthis ...

JANUARY 2015 OIL TANKER SPILL STATISTICS 2014. Background collisions, groundings, structural damage, fires or ... a small tanker sank in the South China Sea loaded with ... 06 OIL TANKER SPILL STATISTICS Figure 5: Oil spilt per decade as a percentage of the total

Oil tankers have become super expensive — a sign drillers are flooding the market once more, according to a report Wednesday by Bloomberg's Naomi Christie and Bill Lehane. The daily rate for oil ...

The Santa Barbara oil spill into the waters off the coast of Santa Barbara and Refugio State Beach, caused by an onshore broken pipeline owned by Plains All American Pipeline.