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Saudis join floating storage surge as oil surplus strains land-based capacity

Of the 21 VLCCs chartered for periods of between six and 12 months in the past two weeks, nine are specifically designated as floating storage

Middle East and Africa Saudi Arabia Tankers and Gas

Crude Tankers

Set Alert for Lloyd's List Tankers and Gas :: Crude Tankers

Latest From VLCC & Suez and Aframax

Total seals LNG-fuelled tankers charters with AET

AET parent MISC Group took early and bold decisions to invest in LNG dual-fuel vessels and the industry has responded positively to this

International Tankers and Gas

Bahri brings in more VLCCs as Saudi oil cargoes head out

Ongoing Saudi strategy to flood the market with oil sees Bahri charter in another two VLCCs within five days

Saudi Arabia Coronavirus

Guyana starts crude exports to China

Guyana is now officially a crude exporting country, with its economy expected to take off along with the start-up of oil production at the mega Liza field

French Guiana China
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Product Tankers

Set Alert for Lloyd's List Tankers and Gas :: Product Tankers

Latest From Products

Torm sees strong two years for product tankers

The Danish owner saw profit boosted as revenues jumped and costs fell in 2019

Tankers and Gas Products

Heung-A Shipping undergoes KDB-led debt overhaul

The South Korean shipping company has reported losses since 2016 and saw its debt-to-equity ratio spike fivefold over the past three quarters

Tankers and Gas Finance

Opec to slash oil production due to coronavirus

Opec says the virus may push down global oil demand growth to only 480,000 barrels per day this year, from growth forecasts of 1.1m bpd in December, before the coronavirus outbreak

Tankers and Gas Energy
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LPG

Set Alert for Lloyd's List Tankers and Gas :: LPG

Latest From LPG

Rising LPG demand in India to boost spot rates

India is likely to increase imports of LPG from the Middle East, which supplied about 94% of its imports in 2019

India Tankers and Gas

BW LPG confirms Anders Onarheim as chief executive

Mr Onarheim became acting chief executive of the very large gas carrier owner in late 2019

BW firms People

Navigator launches LPG pool with Pacific Gas and Greater Bay Gas

The pool consists of 14 handysize vessels and will focus on the ethylene and ethane trade

LPG Energy
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LNG

Set Alert for Lloyd's List Tankers and Gas :: LNG

Latest From LNG

The going gets tougher for LNG sector

Poten & Partners’ Melanie Lovatt suggests that buyers in southern Europe may also seek to defer cargo deliveries given the drastic slowdown in demand in the region  

International Tankers and Gas

US LNG exports to China start to flow again

This is the first time since March 2019 that LNG shipments have gone from the US to China

China United States

BP’s force majeure claim hits Golar LNG

BP’s bid to invoke coronavirus to back its force majeure claim has set alarm bells ringing over the sanctity of Golar LNG’s standing contracts

Singapore Norway
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Equity Watch

Set Alert for Lloyd's List Tankers and Gas :: Equity Watch

Latest From DHT, Euronav, Frontline, Gener8, Nordic American Tankers, Scorpio Tankers, Dorian Lpg, Gaslog & Golar Lng

Greece set to proceed with first FSRU

Greek shipowner, GasLog takes a 20% stake in the project developer for the first floating regasification and storage unit in its home country

Greece Tankers and Gas

Golar to develop LNG terminal at Port of Suape in Brazil

Company says operations are scheduled to start in the second half of 2020

Tankers and Gas Brazil

Frontline to buy 10 suezmaxes from Trafigura

The finance deal, at Libor plus 2.3% interest, gives Frontline purchase options throughout the seven-year term

Tankers and Gas Frontline
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