Tankers
347 stories, page 12 of 15
Market Report Shows Oil Prices Bullish
Burgeoning momentum to own oil seems poised to push oil prices higher for now. On the week, U.S commercial stocks built led by crude, while Japanese crude stocks drew strongly, according to a market report by NYC-based…
China J/V to Buy Six LNG Carriers
China Shipping Development and Sinopec Kantons are to spend HK$11.71 billion to buy six LNG carriers, which will be chartered to Sinopec. The two companies have set up a joint venture China Energy Shipping Investment…
Deliberately Drifting: Tankship Saves Fuel
The tankship 'Nord Integrity' took advantage of favourable winds & current to drift some 280 miles on passage to the loading port in order to save fuel. The 48,026 dwt tankship saved US$17,000 by shutting down the main…
China Shipping Development Order LNG Ships
China Shipping Development Co. to order six liquefied natural gas (LNG) to tap the nation’s rising demand for cleaner fuel. The addition of the tankers comes as the world’s largest energy consumer plans to more than…
Offshore Floating Production: 40% Growth in Five Years
IMA has completed an in-depth analysis of the floating production sector – including a forecast of orders for additional floating production systems between 2013 and 2017. Highlighted below are some key findings in…
Shipbuilding Order Dispute to the Tune of US$300-million
FLEX LNG (HQ in Tortola) is in continuing dispute with Samsung Heavy Industries and briefs its shareholders as follows: "As previously announced, FLEX LNG considers the four shipbuilding contracts and the EPCIC that were…
Tankship ERS Capability Guidelines Published
The Oil Companies International Marine Forum (OCIMF) clarifies & recommends minimum scope of statutory Emergency Response Services (ERS). According to current regulations oil tankers must have prompt access to…
Vessel Damage Stability: IMO Sub-Committee Completes Review
The IMO’s Sub-committee on Stability and Load Lines & on Fishing Vessels Safety (SLF) has reviewed and finalised the draft Guidelines. The Sub-committee had, at its last meeting in January 2012 also developed draft…