supertankers

Shipping Companies Banking on Gas Carriers As LNG Demand Grows

  • Demand has grown sharply in Asia and in the U.S. as improved hydraulic fracturing technology has made drilling for both shale oil and gas more cost-effective.
  • LNG market is driven by growing demand from Japan, China, India and Southeast Asia that has helped triple seaborne gas cargoes since 2000 to 308 million metric tons last year.
  • The global fleet of LNG tankers has a value of nearly $50 billion.
  • LNG tankers cost more than oil tankers because of the technology needed to manage natural gas...

http://mfame.guru/shipping-companies-banking-on-gas-carriers-as-lng-demand-grows/

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/

12 Vessels Travel 21,000 Miles Holding Nothing But Seawater

  • Vessels are making voyages of as much as 21,000 miles direct from Asia, all the way around South Africa, holding nothing but seawater for stability.
  • Middle East producers restrict supplies.
  • America’s light crude must be exported, and not enough supertankers are in the Atlantic Ocean for the job.
  • Daily earnings for the VLCCs, on the benchmark Middle East-to-China route doubled since last week to $29,494.
  • The U.S. both exports and imports large amounts of crude as the variety it pumps is very...

http://mfame.guru/12-vessels-travel-21000-miles-holding-nothing-but-seawater/

+ More