Latest News for: Tanker trades

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Iran Seizes Two Greek Tankers in Persian Gulf Waters

Yahoo Daily News 28 May 2022
The ability of tankers to move freely through the Persian Gulf is essential to the global oil trade. Tankers hauled 20.7 million barrels a day of crude, or a third of world’s trade through the Strait of Hormuz in 2018, according to the Energy Information Administration ... (Adds information on one of the arrested tankers in fifth paragraph.).
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China's largest oil trader is hiring tankers to carry even more discounted Russian crude

Business Insider 27 May 2022
Chinese oil giant Unipec has hired at least 10 more tankers to import eastern Russian crude, according to Bloomberg ... Chinese oil giant Unipec has hired at least 10 tankers to transport Russian ESPO crude. Russian oil trades at a significant discount to Brent and WTI ... Russian oil currently trades at a significant discount to other varieties.
photo: AP / Iranian Presidency Office
In this photo released by the official website of the office of the Iranian Presidency, President Ebrahim Raisi speaks during a cabinet meeting in Tehran, Iran, Wednesday, Oct. 27, 2021
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Iran Calls Oil Seizure Piracy Demanding Greece Abide by Maritime Law

The Maritime Executive 27 May 2022
ended the incident that began nearly seven weeks ago by winning an order to seize the cargo of 700,000 barrels of crude aboard the shadowy tanker ... The United States had listed the 115,520 dwt tanker on previous sanctions on the Iranian oil trade and moved to seize the cargo on those grounds.
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Clean tanker earnings leap

Splash24/7 25 May 2022
Over 80% of vessels from MR chemical tanker operators are deployed in the non- chemical trade, such as vegetable oils and CPP, according to Eastport calculations.
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Ostergaard-Nielsen steps back at USTC as daughters take up the reins

Tradewinds 25 May 2022
The generational shift at Danish bunker and tanker giant United Shipping ...
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Frontline: tanker owners can bank premium even if they stay away from Russian barrels

Tradewinds 25 May 2022
Tanker owners shunning the lucrative Russian export trade are still gaining from ...
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US top destination for Russian crude and products transferred in Greece last month

Tradewinds 25 May 2022
... countries that have imposed trade sanctions on Russia or are contemplating doing so, data shows.
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At $6.09 a G\gallon, Los Angeles pays record gas price over US average

SiliconValley.com 25 May 2022
By Rob Golum and Chunzi Xu . Bloomberg. Los Angeles drivers know they pay more for gasoline than the average US driver ... These measures add about $1.30 to the cost of a gallon, according to the Western States Petroleum Association, a trade group. California also imports both oil and refined products, which must be trucked in or brought by tanker ... Newsom.
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At $6.09 a gallon, Los Angeles pays record gas price over US average

Daily Bulletin 25 May 2022
By Rob Golum and Chunzi Xu . Bloomberg. Los Angeles drivers know they pay more for gasoline than the average US driver ... These measures add about $1.30 to the cost of a gallon, according to the Western States Petroleum Association, a trade group. California also imports both oil and refined products, which must be trucked in or brought by tanker ... Newsom.
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May favours product tankers as politics and policy cloud market picture

Splash24/7 24 May 2022
Product tankers are in the spotlight as recovering demand meets constrained supply and crude trades recalibrate to new geopolitical realities, writes Tim Smith from Maritime Strategies International ... Product trade flows have seen limited movement overall – April saw about 3.7m tonnes moving from Russia to Europe, similar to pre-invasion levels.
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BRS again suggests Jones Act waiver to tackle rising energy costs, this time for gasoline

Tradewinds 24 May 2022
... House to allow foreign-flagged ships into domestic trades and stimulating MR tanker demand.
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Imports from Russia doubled to €80m in March despite sanctions

Irish Independent 24 May 2022
In March, a Russian oil tanker docked in Dublin Port despite calls from the Siptu trade union for it to be turned away.While a rise in prices following the invasion may have impacted the value of the imports into Ireland, the volume of fuel oil imported in March also increased ...
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Lena Piazza Joins Seabulk as Vice President, Engineering

Kentucky New Era 23 May 2022
During Tom’s tenure he successfully oversaw the construction of 70 newbuild vessels, ranging from ECO MR tankers to Seabulk’s most recent, innovative Azimuth Stern Drive diesel-electric hybrid tug ... * * * * * ... It also operates a fleet of U.S.-flag tankers servicing the U.S. coastwise trade of crude oil, petroleum, and chemical products ... .

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