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As Shale Struggles, Crude Tankers Ply Oceans of Cash

2020-04-06 18:00:00| OGI

Even with very high day rates, the oil market contango means that floating storage makes economic sense.

Tags: cash crude struggles oceans

 

Swan Island shipyard workers accept the Tanker Champ flag awarded them for the highest production of tankers per way, A2004-002.2248, circa 1943.

2020-03-23 22:20:46| PortlandOnline

Tags: way production island highest

 
 

Virus Outbreak Knocks Four Asia-Bound LNG Tankers Off Course

2020-02-13 16:28:22| OGI

Up to 15 tankers globally have been classified as floating storage.

Tags: off virus lng outbreak

 

US Blacklists Six Oil Tankers In New Venezuela-related Sanctions

2019-12-03 20:04:50| OGI

The United States and more than 50 other countries have recognized Venezuelan opposition leader Juan Guaido as the legitimate president.

Tags: oil sanctions tankers blacklists

 

Exxon Mobil Bars Use Of Oil Tankers Linked To Venezuela

2019-10-04 19:48:16| OGI

Exxon Mobil Corp. this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the U.S. sanctioned country and on global crude freight rates.

Tags: oil mobil venezuela bars

 

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