Maritime

US oil railcar market collapses as foreign crude makes comeback

Reuters | February 03, 2015 | Energy | Maritime | Intermodal | Road

A years-long bidding war for trains to haul crude oil across North America has abruptly ended, with more than a dozen mile-long unit trains now parked in Midwest stockyards and tank car lease rates halving from last summer’s peaks. Read More »

MOL, Mitsui Sign Deal to Charter LNG Carrier

AJOT | January 29, 2015 | Energy | Maritime

Mitsui O.S.K. Lines, Ltd. announced the signing of a contract with Mitsui & Co., Ltd. on January 29 to charter a new 177,000m3 LNG carrier. Read More »

First Satorp diesel cargoes to United States will land this week

Reuters | January 19, 2015 | Energy | Maritime

The first United States-bound cargoes of diesel from Saudi Arabia’s 400,000 barrel per day Satorp refinery will land in New York early this week, traders said on Monday. Read More »

Oil glut spurs top traders to book supertankers for storage at sea

Reuters | January 08, 2015 | Energy | Maritime | International Trade

Some of the world’s largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut. Read More »

U.S. agency considers exports of oil, gas from deepwater ports

Reuters | December 15, 2014 | Energy | Maritime

A U.S. agency is considering how the country could export crude oil and natural gas from deepwater ports as the domestic drilling boom adds pressure for Washington to relax trade restrictions and approve shipments of fuel. Read More »

Sovcomflot concludes USD 319 million, 10 year limited-recourse credit facility

AJOT | December 08, 2014 | Energy | Maritime

The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre, which will operate on long-term contracts with the Shell Group. Read More »

TransCanada pausing work on Quebec export terminal due to whales

Reuters | December 02, 2014 | Energy | Maritime | Liner Shipping | Ports & Terminals | Terminals

TransCanada Corp, Canada’s No.2 pipeline operator, is pausing work on a proposed oil export terminal in Quebec, after a federal committee recommended that Beluga whales in the St. Lawrence river be listed as an ‘endangered’ species. Read More »

Report says Alba Tanker buys OW tanker unit of bankrupt OW Bunker

AJOT | December 01, 2014 | Energy | Maritime | Ports & Terminals | Landside Service | Regulatory Issues

According to press reports, OW TANKER, a unit of bankrupt OW Bunker and owner of its bunker vessels, has been taken over by a newly-created company, Alba Tanker, which has the trustees of the bankrupt company on its board. Read More »

Energy choke points critical to transit of global energy supplies

AJOT | December 01, 2014 | Energy | Maritime | International Trade | Ports & Terminals | Canal and Waterway

International energy markets depend on reliable transport routes. About 63% (56.5 million barrels per day) of the world's oil production in 2013 moved on maritime routes. World chokepoints for maritime transit of oil are a critical part of global energy security because of the high volume of petroleum and other liquids transported by these routes. Read More »

Tanker operators set for margin boost as oil price retreats

Reuters | November 28, 2014 | Energy | Maritime | Liner Shipping

Tanker operators are expecting bigger profit margins as low oil prices slash the cost of fuel and encourage traders to ship more crude around the world. Read More »

Second Algerian light crude cargo arrives at Venezuelan port

Reuters | November 18, 2014 | Energy | Maritime

A tanker carrying Algerian light oil arrived at the Venezuelan port of Jose late on Monday and is waiting to unload up to 2 million barrels in PDVSA’s second crude purchase from state-run Sonatrach, according to Reuters vessel-tracking data. Read More »

Sales of Venezuelan diluted crude to the U.S. jumped in October

Reuters | November 04, 2014 | Energy | Maritime

OIL-VENEZUELA/EXPORTS:Sales of Venezuelan diluted crude to the U.S. jumped in October Read More »

Suncor to regularly consider shipping Western Canada crude overseas

Reuters | November 03, 2014 | Energy | Maritime

Suncor Energy Inc will look regularly at the economics of shipping Western Canadian crude from the country’s East Coast to markets overseas, Chief Executive Officer Steve Williams said on Thursday. Read More »

Locals end protest at Libya’s Sirte Oil in port of Brega

Reuters | October 28, 2014 | Energy | Maritime

A protest has ended in Libya’s eastern oil port of Brega where locals had been demanding jobs at state-run Sirte Oil Co, a lawmaker and company official said. Read More »

Transneft says gradually resuming oil loadings at Russian ports

Reuters | October 28, 2014 | Energy | Maritime

Russian pipeline monopoly Transneft is gradually resuming oil loadings at Russian ports after a suspension due to bad weather, Interfax news agency quoted a company spokesman as saying on Tuesday. Read More »

Suncor crude tanker to resume journey from Quebec to Gulf Coast

Reuters | October 20, 2014 | Energy | Maritime

A tanker chartered by Canada’s Suncor Energy Inc to ship oil sands crude from Quebec to the U.S. Gulf Coast was expected to receive replacement parts on Friday, enabling it to resume its journey, a Transport Canada spokeswoman said. Read More »

Maersk Supply Service orders six supply vessels from Norway

Reuters | October 16, 2014 | Energy | Maritime | Liner Shipping

Maersk Supply Service, a unit in Danish conglomerate A.P. Moller-Maersk, said on Thursday it has placed an order for six new large anchor-handling tug supply vessels from Kleven Maritime in Norway. Read More »

Tanker sets sail from Algeria to deliver Venezuela’s first crude import

Reuters | October 14, 2014 | Energy | Maritime

The first tanker of imported crude ever bought by Venezuela has sailed from Algeria in a move to reduce costs by the South American state-run oil company PDVSA, according to Reuters ship tracking data and sources close to the deal. Read More »

Kinder Morgan to add oil storage capacity to Houston operations

Reuters | October 14, 2014 | Energy | Maritime

Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. Read More »

South Korea’s Samsung Heavy to build oil tankers for sanctioned Russian firm

Reuters | October 10, 2014 | Energy | Maritime

South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. Read More »