Hints and tips:
...The discrepancy between the volume of oil arriving at Dörtyol on tankers from Russia, tracked by Kpler, and the Russian volumes recorded by GTS, could mean that some of the terminal’s customers have provided...
...trading houses stood to profit after the price of Brent crude fell to less than $20 a barrel last April, as it presented an opportunity for those with access to storage, both on land or at sea through idled tankers...
...Shipping rates also soared as Saudi Arabia tried to snap up almost every available tanker as part of its price war....
...Stockpiles at important oil storage hubs such as Saldanha Bay in South Africa have been “emptied” and crude stored on tankers at sea, such as off the coast of Iran and Singapore, is “all gone.”...
...The tanker, according to satellite tracking of its movements and draft, shows the trading house has suddenly unloaded the majority of its oil, raising its 380m-long hull out of the water....
...An oil tanker carrying crude oil from Iraqi Kurdistan has reappeared in waters about 300 miles off Nova Scotia in Canada, according to satellite ship tracking data, lining up a potential challenge from Iraq...
...Unless Turkey closes the pipeline, the Iraqi central government is not able to do much to stop Kurdish oil exports beside threatening to sue tankers carrying Kurdish crude, as it has in the past....
...Another tanker of US oil, the Seaqueen, is en route to Rotterdam, and is expected to arrive on Thursday....
...Mr Bake suggested traders would soon be forced to move more oil on to tankers at sea as storage on land started to creak under the weight of the glut. Investors remain split over the outlook....
...Last week, the head of Glencore’s oil business made similar comments after the internationally recognised government in the east said it would stop any tanker operating on behalf of the Swiss company from...
...This time last year, a high-stakes dispute over a tanker filled with Iraqi Kurdish oil came to a head in a Texas court....
...Israeli refineries and oil companies imported more than 19m barrels of Kurdish oil between the beginning of May and August 11, according to shipping data, trading sources and satellite tanker tracking....
...But the price difference between contracts in the spot market and for later delivery has recently narrowed, making it more difficult to store barrels profitably, especially on tankers at sea....
...“Sharks off the British coast: Oil tankers refuse to unload until prices rise . . .,” railed an excitable British tabloid newspaper in 2009....
...This is because it costs much less to finance a tanker of oil when crude is at $60 a barrel rather than $100. Low interest rates have also helped the traders’ working capital....
...Morgan Stanley has separately reached an agreement to sell its global oil merchant trading business to Rosneft of Russia, a deal that includes the bank’s minority interest in seaborne tanker operator Heidmar...
...At the same time, shipyards are seeing more orders for product tankers....
...Refiners in South Korea and Japan said they have no immediate plans to boost crude purchases from Iran while Indian processors intend to maintain contracted volumes after the EU lifted a ban on insuring tankers...
...Mr Nilsson said Triton planned to build a global chemical tanker business of the same scale as the two biggest companies in the market for bigger chemical tankers – Norway’s Stolt-Nielsen, which operates...
...The Jurong facility will for the first time allow ships carrying LNG – gas cooled and shipped in tankers – to berth at the tiny city-state, providing an alternative source of supply to gas piped from neighbouring...
...BLT’s problems will cause particular gloom because the speciality tanker market – where the largest fleets are operated by Norwegian companies, led by Oslo-listed Stolt-Nielsen – had been seen as one of...
...Mexico, Nigeria, Saudi Arabia, UK, Venezuela: the origins of tankers docking at the Texas port of Corpus Christi once read like a roll call of top oil-exporting nations. The list has now shortened....
...A glut of ships has sent rates earned in all three main shipping segments – tankers, dry bulk carriers and container shipping – to below operating cost levels for long periods in the past year, creating...
...Senior figures in the shipping industry believe at least one leading oil tanker operator is likely to follow collapsed smaller operators into insolvency, the FT reports, as the sector is swamped by oversupply...
...At least one leading oil tanker operator is likely to follow collapsed smaller operators into insolvency, senior figures in the industry believe, as the sector is swamped by oversupply, the FT reports....
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