Tankers

Private Equity , Investment , Tankers , Construction

Prostar Capital Closes Refinancing for UAE Oil Terminal

New $280 million debt facility to fund significant VLCC loading expansion.

August 17, 2021

Tankers

Cheniere Still Working on Louisiana Sabine LNG Tanks, Faces Possible Fine

Last week, Cheniere said in a federal securities filing that pipeline safety regulators proposed a $2.2 million penalty in July for alleged violations related to the 2018 leak.

August 16, 2021

Business , Tankers

Guyana Earns Nearly $80 Million from 7th Crude Cargo, Government Says

Exxon Mobil's discoveries off Guyana's coast have turned the country into the world's newest crude exploration hotspot.

August 10, 2021

Markets , Legislation , Tankers

US Waives Jones Act to Ease Fuel Crunch After Pipeline Hack

Waiver will allow foreign vessels to ship products from the Gulf Coast to the East Coast.

May 13, 2021

Markets , Tankers

Traders Book Tankers in Europe After Colonial Shutdown

At least six tankers ae booked to move gasoline from Europe to the U.S.

May 11, 2021

Tankers , Construction

Port of Corpus Christi, Stabilis to Build LNG Fueling Infrastructure

The partnership acknowledges the increased use of LNG as a marine fuel.

May 5, 2021

Trade , International , Tankers

Mexico Port Works on US-Sanctioned Cuban Tankers that Carry Venezuelan Oil

Work on the tankers could potentially violate sanctions on Venezuela, lawyers say.

April 30, 2021

Crude Oil , Trade , Tankers

Oil Prices Rise over 3% on Fears Suez Blockage May Last Weeks

Oil prices, however, were still headed for a third consecutive weekly loss, with the outlook for demand dented by fresh coronavirus lockdowns in Europe despite the Suez Canal blockage.

March 26, 2021

Crude Oil , Trade , International , Tankers

Oil Prices Rise after Suez Canal Ship Runs Aground Blocking Traffic

The potential disruption to supplies due to the Suez Canal incident has lifted oil prices, but “the reprieve seems temporary,” says Jeffrey Halley of brokerage OANDA.

March 24, 2021

Trade , International , Tankers

Iran Asks Indonesia to Explain Seizure of Tanker Accused of Illegal Oil Transfer

Indonesia says that oil spilled during the transfer.

January 25, 2021