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Samsung Delivers LNG Carrier to GasLog

May 11, 2020

Greek shipowner GasLog has taken delivery of a newbuild liquefied natural gas (LNG) carrier from Korean shipbuilder Samsung Heavy Industries. The 180,000-cubic-meter-capacity GasLog Wales will operate on a 12-year time charter agreement with the principal LNG shipping entity of Japan’s JERA…

China Issues Second Batch Fuel Export Quotas

May 11, 2020

China has issued 28 million tonnes of refined fuel export quotas in the second allotment for this year, little changed from the first batch of 27.99 million tonnes issued last December, according to four sources with knowledge of the matter…

China's Crude Oil Imports Rebound in April

May 07, 2020

China's crude oil imports rebounded in April from a month earlier on daily basis as refiners ramped up output amid a recovery in fuel demand with the impact of the coronavirus outbreak easing while crude prices crashed on slumping consumption elsewhere…

China's Crude Imports from Saudi Slip, Russia Up 31%

Apr 27, 2020

China's March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No.2 supplier Russia rose 31%, Reuters' calculations based on customs data showed on Sunday.China's March crude oil imports rose 4…

Supertanker Rates Ease After Spike. Could Jump Again Soon

Apr 24, 2020

Supertanker freight rates eased this week as surging demand for floating storage cooled and crude oil output is set to fall, but rates could jump again as fewer tankers become available and as traders take advantage of weak oil prices, sources said…

LNG Tanker to Discharge First US Cargo in China in 13 Months

Apr 20, 2020

The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China…

Bank Seeks Impounding of Ocean Tankers' Ships

Apr 20, 2020

India's ICICI Bank is seeking the impounding of two vessels operated by Ocean Tankers (Pte) Ltd, a unit of Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT), an ICICI source said on Monday.The tankers, Wu Yi San and Chang Bai San…

Singapore Oil Trader Hin Leong Meets Banks over Finances

Apr 15, 2020

Singapore oil trader Hin Leong held a call with banks on Tuesday after they failed to provide a letter of credit to the firm to purchase at least one cargo of oil products due to load this month, four sources said.The coronavirus pandemic has…

SHI Wins $314M Orders for 3 Shuttle Tankers

Mar 02, 2020

South Korean shipyard giant Samsung Heavy Industries (SHI) has won a 361.1 billion won ($314.4 million) deal to build three shuttle tankers in Asia.The shipbuilder disclosed in a regulatory filing that Suezmax shuttle tankers will be delivered to the unnamed Asian shipper by July 2022…

Coronavirus Leaves China-bound Tankers Stranded

Feb 14, 2020

The coronavirus's effect on energy markets is worsening, as the sharp fall in demand in China, the world's largest importer of crude, is stranding oil cargoes off the country's coast and prompting shippers to seek out other Asian destinations…

Coronavirus Paralyzes Oil, Gas Sales into China

Feb 05, 2020

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said…

PetroChina Starts Gasoline Exports to India

Oct 29, 2019

China's PetroChina International Co Ltd shipped a cargo of 92 octane gasoline to India, marking the company's first direct refined oil shipment to the country, its parent company China National Petroleum Corp (CNPC) said in a statement on Tuesday…

Saudi Still China's Top Oil Supplier

Oct 25, 2019

Saudi Arabia held its position as China's largest crude oil supplier in September helped by demand from new refineries and as imports from Iran and Venezuela continued to fall due to U.S. sanctions, customs data showed on Friday.The drone and…

Tankers Unable to Offload in Malaysian Port

Oct 22, 2019

Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy…

Sinopec Weighs Output Cuts Due to Freight Rate Surge

Oct 15, 2019

Asia's largest refiner, Sinopec, is weighing plans to cut oil imports in December and reduce output at its refineries after a surge in global tanker freight rates hit margins, four sources with knowledge of the matter said.The cost of shipping…

Current News

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

ADNOC Taps McDermott for Fujairah LNG Plant FEED

ADNOC Taps McDermott for Fujairah LNG Plant FEED

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Chevron Wraps Up Wheatstone Maintenance

Chevron Wraps Up Wheatstone Maintenance
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