By Ari Natter and Jennifer A. Dlouhy Feb 14, 2025 (Bloomberg) –Transportation Secretary Sean Duffy said the Trump administration planned to “move forward” with approval of a Texas port capable of…
https://gcaptain.com/texas-oil-export-port-to-get-trump-teams-blessing/
The National Shipping Company of Saudi Arabia (Bahri) has announced a significant step in its fleet modernization strategy with the acquisition of nine Very Large Crude Carriers (VLCCs) from Capital…
https://gcaptain.com/bahri-announces-1-billion-acquisition-of-nine-vlccs/
By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling China — the world’s biggest oil…
https://gcaptain.com/oil-supertankers-headed-for-china-jump-to-the-highest-in-a-year/
By Sharon Cho and Alex Longley Feb 24, 2024(Bloomberg) –Longstanding warnings from the oil tanker industry that too few of the ships are being built are coming back to haunt the…
https://gcaptain.com/shortage-of-oil-tankers-at-hand-as-red-sea-attacks-divert-trade/
The reported increase in the number of supertankers heading to the US to collect oil reveals several key dynamics within the global oil market, says an article published on yahoo website.
Record Number Of SupertankersAccording to Bloomberg’s data, there’s a surge in the number of supertankers bound for the US within the next three months. This is notably the highest recorded influx in at least six years.
Changing Energy LandscapeThe increased flow of vessels reflects the evolving dynamics in the...
https://mfame.guru/unprecedented-influx-of-supertankers-signals-booming-us-oil-exports/
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While Malcom McLean, founder of Sea-Land, is regarded as the father of the container ship, Daniel Keith Ludwig is recognized as the father of the supertanker.
Ludwig was born on June 24, 1897, in South Haven, Michigan, to a family involved in Great Lakes shipping. He quit school in the eighth grade and split his time between Michigan and Port Arthur, Texas, living with his...
https://www.freightwaves.com/news/maritime-history-notes-daniel-k-ludwig-father-of-the-supertanker
The 1 million-barrel-per-day GulfLink project is one of three proposed deepwater oil export terminals along the Gulf Coast with pending applications with the U.S. Maritime Administration’s Deepwater Port Licensing Program….
https://gcaptain.com/sentinel-sees-gulf-coast-deepwater-port-approval-coming-next-year/
By Alex Longley and Sharon Cho (Bloomberg) — Earnings for giant supertankers carrying crude are slumping as OPEC+ production cuts and reduced releases from US reserves curb seaborne volumes. Ships capable…
https://gcaptain.com/supertanker-earnings-plunge-on-reduced-crude-supplies/
(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global crude flows. Rates for giant…
https://gcaptain.com/oil-tanker-rates-bubbling-up-as-russia-disrupts-trade/
By K. Oanh Ha (Bloomberg) –Stacy Fischer-Rosenthal and her 30-strong team have had a busy summer booking private yachts for bankers, CEOs and other high flyers now liberated from the shackles of…
https://gcaptain.com/bankers-ceos-splash-millions-on-one-week-superyacht-rentals/