crude oil tanker

2021 Tough on Crude Oil Tanker Freight Rates So Far

  • The year 2021 has been tough on crude oil tanker freight rates across the board so far.
  • Consequently, the industry buzz has been all about large scale scrapping of tankers.
  • but so far, it has been all talk and very little walk, as the second-hand market has proved a much-preferred alternative, reports bimco.

Although demolitions are up from the start of last year, only two shuttle tankers and two Aframax crude oil carriers (0.45m DWT) have been confirmed demolished in the first two months of...

https://mfame.guru/2021-tough-on-crude-oil-tanker-freight-rates-so-far/

Crude Oil Tanker Market To Have A Long & Painful Recovery

The outlook for the global crude oil tanker market remains difficult for the near term, according to a new analysis from maritime research consultancy Drewry, reports Maritime Executive.

In a year-end analysis, they point to uncertain demand for oil combined with overcapacity and the industry’s failure to take steps to address the glut of vessels

A decline in floating oil storage

In its analysis, Drewry points to the continued lack of demolitions and efforts by shipowners to reduce the...

https://mfame.guru/crude-oil-tanker-market-to-have-a-long-painful-recovery/

Rope Ladder Snapped! Pilot Falls off Crude Oil Tanker!

Durban ship’s pilot fell off a crude oil tanker while disembarking at the Durban port on Tuesday, reports TimesLive.

What happened?

A Transnet National Ports Authority ship’s pilot fell off a crude oil tanker after a rope ladder snapped at the Durban port.

Rescue team

National Sea Rescue Institute (NSRI) Durban station commander Jonathan Kellerman said that a rescue team was dispatched at 7.45am after the 35-year-old man fell off the vessel while disembarking before it departed the port.

Kellerman...

http://mfame.guru/rope-ladder-snapped-pilot-falls-off-crude-oil-tanker/

Crude Oil Tanker Detained Over Payment Disputes

  • A crude oil tanker has been detained in the southeast bunkering hub of Singapore.
  • The reasons for the ship’s detention are unclear but are likely to do with disputes over the payment for goods and services.

As per court records, a crude oil tanker has been detained in the southeast bunkering hub of Singapore, reports Ship&Bunker News Team.

The vessel was arrested on 16th March.

Detention for unknown reasons

As per the ship database Equasis, the suezmax oil tanker is controlled by Greek interests.

T...

http://mfame.guru/crude-oil-tanker-detained-over-payment-disputes/

FSL Trust Crude Oil Tanker Sold for US $24 Million?

  •  First Ship Lease Trust sells crude oil tanker FSL Shanghai, receiving the initial 10% deposit in escrow.
  • The disposal is scheduled to take place before the end of March 2020. 
  • Though the value of sale was not revealed, as per the valuation, the crude oil tanker’s worth is estimated to be USD 24 million.

According to a Marine Link report, First Ship Lease Trust, announces the sale of the crude oil tanker FSL Shanghai.

The Memorandum of Agreement

FSL Trust Management carried out a Memorandum of...

http://mfame.guru/fsl-trust-crude-oil-tanker-sold-for-us-24-million/

Large-capacity Crude Oil Tanker To Cross Northern Sea Route

  • Aframax crude oil tanker Korolev Prospect has become the large-capacity crude oil tanker to travel the entire length of the Northern Sea Route.
  • The tanker has traveled the entire length using cleaner-burning LNG fuel and delivered a cargo of crude oil from the port of Murmansk to China.
  • The vessel will take ‘Tikhonov’ deep-water route that lies north of the New Siberian Islands, opened for commercial shipping in 2011 by SCF’s tanker Vladimir Tikhonov.
  • In 2018, SCF Group won an Environmental...

http://mfame.guru/large-capacity-crude-oil-tanker-to-cross-northern-sea-route/

Two Saudi Oil Tankers Suffered Sabotage in UAE

Saudi Arabia’s oil tankers suffered a “sabotage attack” on Sunday off the coast of Fujairah, UAE, reports Platts.

What happened?

Saudi Arabia’s two oil tankers were targeted in “sabotage attack” off the coast of Fujairah, United Arab Emirates, near the world’s biggest crude shipping chokepoint.

The tankers were on their way to cross into the Arabian Gulf, with one of them scheduled to load with Saudi crude oil from the port of Ras Tanura and delivered to Saudi Aramco’s customers in the US, Saudi...

http://mfame.guru/two-saudi-oil-tankers-suffered-sabotage-in-uae/

Iran Looking for Ships to Keep Oil Flowing


  • Renewed U.S. sanctions makes potential sellers and flag registries wary of doing business with Tehran.
  • With U.S. sanctions in November, up to 10 new supertankers have stalled from South Korea.
  • Panama removed nearly 21 Iranian tankers from its registry forcing Tehran to put the vessels under its own flag.
  • The restrictions are on Iran’s port, energy and shipping sectors with temporary waivers to its 8 biggest oil customers.
  • Oil exports accounting for an estimated 70 percent of Iran’s revenues.
  • I...

http://mfame.guru/iran-looking-for-ships-to-keep-oil-flowing/