Tanker Trades

NEW DELHI, Sept 21 (Reuters) - India's crude oil imports rose to a four-month high in August, recovering from the near one-year low in July, with refiners buying incremental barrels mainly from Latin America and the United States, tanker data from trade sources showed.

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Poten warns tanker owners on limited growth prospects for Chinese oil demand

Splash24/7 20 Sep 2021

Chinese oil imports have been the biggest source of growth for the tanker trades over the past two decades with demand growing from 4.7m barrels per day in 2000 to 13.8m in 2020, an average annual growth rate of 5.5%, making the People’s Republic by some distance the ...

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Nigeria could become importer of crude as tanker markets set for shake-up

Tradewinds 20 Sep 2021

UK-based Gibson ...

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Shipping needs true, transparent and timely vessel emissions data

Splash24/7 19 Sep 2021

The industry’s ability to comply with pollution and climate change goals demands a new, technology-driven approach, writes Peter Georgiopoulos, the chairman of tanker owner United Overseas Group. Carbon pricing, emissions trading, EEXI, CII, The Poseidon Principles, Getting to Zero and The Sea Cargo Charter ... The question is this ... .

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With fuel from Iran, Hezbollah steps in where Lebanon has failed

Gulf News 17 Sep 2021

Beirut ... Hezbollah supporters lined roads in northeastern Lebanon as dozens of tanker trucks arrived ... Unable to secure help from elsewhere, it has turned to war-torn Syria and economically damaged Iran ... Women toss rose petals as they welcome tankers carrying Iranian fuel. Image Credit ... “Our aim is not trade or profit,” Nasrallah said in a speech Tuesday.

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TMS Tanker Shipping Conference Session 1: Assessing the short and long term picture

MENA FN 15 Sep 2021

(MENAFN - Mid-East.Info) Dubai, UAE. The sixth annual The Maritime Standard Tanker Conference takes place on 23 November in person at the Dubai World Trade Centre, and one of the highlights of the ... .

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Global shipping industry reaping highest gains since 2008

The National 14 Sep 2021

While for many shipping sectors Covid-19 has brought a boom, for oil tankers it has meant loss-making trades for much of 2021 and owners effectively subsidising the shipment of crude oil ... That has burnt one of the hottest trades in the sector at the start of the year – bullish oil tankers positions on the hope of a summer surge in oil demand.

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Large swathe of the tanker fleet nearing retirement age

Splash24/7 13 Sep 2021

Around one in four tankers are approaching retirement age, something that ... Many ageing tankers with limited trading opportunities have moved into sanctioned Iranian and/or Venezuelan trade over the past 12 months.

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Ecochlor’s Filterless EcoOne & EcoOne Hybrid Receive IMO Type Approval

The Maritime Executive 13 Sep 2021

We have worked diligently over the last 18 months along with DNV, Maran Tankers, Golden Bear and DHI to test the EcoOne™ BWMS and EcoOne Hybrid™ BWMS to the highest standards possible in compliance with IMO testing requirements and to ensure the operational reliability that is expected from every single Ecochlor system.”.

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Lebanon’s Hezbollah says Iranian fuel oil to arrive this week

Al Jazeera 13 Sep 2021

The arrival of the Iranian tanker comes days after a new government was formed in Lebanon, ending a 13-month deadlock ... Nasrallah said the Syrian government has mobilised dozens of tanker trucks to transport the diesel to the eastern Lebanese town of Baalbek by Thursday. ‘Not for profit or trade’ ... “Our aim is not trade or profit,” he said ... .

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Strongest earnings for shippers since 2008 as freight prices soar

Straits Times 12 Sep 2021

While Covid-19 has brought a boom for many shipping sectors, it has meant loss-making trades for oil tankers for much of this year and owners are effectively subsidising the shipment of crude oil ... That has burned one of the hottest trades in the sector at the start of the year - ...

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