Maine port city bans oil loading as Canada seeks export options

Reuters | July 22, 2014 | Energy | Maritime | Ports & Terminals

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock to the export of Canadian oil sands crude and setting up a showdown with industry which called the process illegal. Read More »

Libya reaches deal to reopen Brega oil port

Reuters | July 21, 2014 | Energy | Maritime

Libya state oil company National Oil Corp (NOC) has reached a deal with security guards to end a protest at eastern Brega oil port, which is expected to allow the terminal to reopen on Tuesday, a company spokesman said. Read More »

Rosneft CEO Sechin says U.S. sanctions on company are illegal

Reuters | July 16, 2014 | Energy | Maritime

Rosneft Chief Executive Officer Igor Sechin said on Wednesday that U.S. sanctions on the Russian state-controlled energy company are illegal because it has no role in the crisis in Ukraine. Read More »

Med tanker market pins freight rate hopes on Libya oil export push

Reuters | July 16, 2014 | Energy | Maritime

Rising oil exports from Libya after months of disruption helped push Mediterranean tanker rates to the highest levels in nearly six months on Wednesday, and shipping players expected more gains in earnings as shipments from the OPEC member step up. Read More »

Libya offers first oil from Ras Lanuf port since reopening

Reuters | July 16, 2014 | Energy | Maritime

Libya’s National Oil Corp has issued a tender to sell 1 million barrels of Amna crude oil from its major eastern Ras Lanuf oil port, a tender document dated July 16 showed on Wednesday. Read More »

Libya’s oil exports stutter, major eastern ports await restart

Reuters | July 16, 2014 | Energy | Maritime

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday. Read More »

Libya’s Brega oil port still closed by oil guards

Reuters | July 16, 2014 | Energy | Maritime

Libya’s eastern Brega oil port remained closed on Wednesday because of protesting oil guards who blocked the port at the weekend, a spokesman for Libya’s National Oil Corp (NOC) said. Read More »

Nordic American Tankers Limited Taking delivery of its 21st ship - enhancing the dividend

GlobeNewswire | July 16, 2014 | Energy | Maritime

Nordic American Tankers Limited announced that it took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchase the vessel as announced in our press release June 5, 2014. Read More »

Pirates attack Malaysian oil tanker in South China Sea

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

Pirates attacked a Malaysian oil tanker in the Malacca Straits and siphoned off its load, the Malaysian navy and officials said on Wednesday, the latest in a series of hijackings raising tension in Southeast Asia’s busy sea lanes. Read More »

Iran oil tanker firm still faces sanctions after EU blacklisting annulled

Reuters | July 14, 2014 | Energy | Maritime

Iran’s main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union. Read More »

Maersk Tankers continues exit from crude transportation

Reuters | July 14, 2014 | Energy | Maritime | Liner Shipping

Maersk Tankers, a unit of A.P. Moller-Maersk, said on Thursday it had quit four unprofitable crude oil charter contracts by buying out supertankers and selling them onwards, continuing its exit from crude oil transportation. Read More »

Libyan protesters shut down Brega oil port

Reuters | July 14, 2014 | Energy | Maritime

Protesters have shut down the eastern Libyan oil port Brega, state firm National Oil Corp (NOC) said on Saturday, days after the government celebrated the reopening of major ports following almost a year of blockage. Read More »

India’s ONGC set to skip 2nd Aug naphtha export cargo

Reuters | July 14, 2014 | Energy | Maritime

India’s Oil and Natural Gas Corp (ONGC) is set to skip a second naphtha export cargo for August after shutting a pipeline supplying gas to its western India plant, two company sources said. Read More »

One of the Heaviest Cargoes for AAL’s Pacific Service

AJOT | July 11, 2014 | Breakbulk & Projects | Energy | Maritime | Ports & Terminals

AAL has successfully delivered and discharged one of the heaviest pieces of cargo carried on its Pacific Service Read More »

Batista’s OSX Brasil suspends Dutch unit’s creditor payments

Reuters | July 10, 2014 | Energy | Maritime

A Netherlands-based subsidiary of Brazilian tycoon Eike Batista’s bankrupt shipbuilding and shipleasing unit OSX Brasil SA suspended payments to creditors after being granted protection by a Dutch court. Read More »

Petro-pirates plague busy Southeast Asia shipping lanes

Reuters | July 10, 2014 | Energy | Maritime | Liner Shipping

In the dead of night, as his fuel tanker sailed through the narrowest section of one of the world’s busiest waterways, Captain Thiwa Saman was wrenched from sleep and pitched into a waking nightmare. Read More »

Dubai’s Gulf Navigation cuts capital, eyes new expansion

Reuters | July 09, 2014 | Energy | Maritime

United Arab Emirates shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million), key parts of a turnaround plan designed to solve its debt problems. Read More »

Japan’s MOL to launch Arctic Ocean LNG route from Russia’s Yamal in 2018

Reuters | July 09, 2014 | Energy | Maritime

Japan’s Mitsui OSK Lines Ltd (MOL) said on Wednesday that it will start transporting liquefied natural gas (LNG) through the Arctic Ocean in 2018 using icebreaker LNG tankers. Read More »

Maersk plans $1.7 bln Brazil writedown; sells oilfield stake

Reuters | July 08, 2014 | Energy | Maritime

Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday, selling its stake in its only producing Brazilian oilfield and saying it will write off $1.7 billion of investments in the country. Read More »

Maersk to take $1.7 bln writedown on Brazil oil assets

Reuters | July 08, 2014 | Energy | Maritime

Danish oil and shipping group A.P. Moller-Maersk is taking a $1.7 billion writedown on some Brazilian oil assets after results from appraisal drilling came in at the low end of expectations. Read More »