Latest News for: Clean product tanker

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LR1s and MR1s becoming ‘niche’ tankers

Splash24/7 12 Feb 2021
Among the most popular clean petroleum product tankers 15 years ago, the two tanker segments are now ageing fast with a scant orderbook and little appetite to contract new vessels ... The need for larger tankers is also down to the fact that export-orientated refineries constructed ...
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Indonesia quake kills 35, injures hundreds: What we know so far

Hindustan Times 15 Jan 2021
The island was hit by a huge quake and tsunami two and a half years ago that killed thousands of people ... What we know so far. ... 2 ... 3 ... 4 ... 5 ... 6 ... 7 ... 8 ... Ambulance crews have been sent with 92 additional volunteers, clean water tankers and production units, tarpaulins for shelter, face masks with 200 family relief kits to aid survivors of the devastating tragedy.
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Consort Bunkers acquires Xihe tankers

Splash24/7 28 Sep 2020
Singapore’s Consort Bunkers has acquired two small clean product tanker from financially troubled Xihe Group.
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Floating storage play is unwinding but effects are far from over

Splash24/7 03 Jul 2020
A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in ... Although this analysis is based on tankers storing crude and fuel oil, it is important to note a large volume of refined products is also being storage on clean tankers.
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Mexico´s Bay of Campeche ports close onTropical Storm Cristobal

Petroleum World 04 Jun 2020
The Pajaritos terminal and the Tuxpan terminal are the two main loading destinations for US refined products exports into Mexico, according to Kpler vessel tracking software ... Kpler showed very few clean or dirty tankers in the area June 3. Campeche is also one of the most active oil and gas exploration and production regions in the country.
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Chemical tanker owners confront ‘second wave’ impact of coronavirus

Splash24/7 19 May 2020
The chemical tanker sector could be considered in the front line for impact from COVID-19 due to widespread disruption to economic activity in the manufacturing sector ... One bright spot is that chemical tanker market balances will be supported by the reduction of swing tonnage due to strength in the clean product tanker market.
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Oil's Crash Prompts Record Push to Store Fuel at Sea

Wall Street Journal 03 May 2020
... of March, according to the Baltic Clean Tanker Index, a gauge of freight rates along 11 shipping routes.
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Forced to store fuel at sea, oil refiners at breaking point

Finance & Commerce 23 Apr 2020
... of clean product exceeds the current demand and that land-based storages are filling, which drives storage onto product tankers at sea,” said Joakim Norholm Vasehus, a spokesman at Torm A/S, a 131-year old Copenhagen-based owner that operates dozens of refined-fuel tankers.
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Torm Plc (TRMD) Moving Like A Penny Stock; Why Is It Up 540%?

PennyStocks 21 Apr 2020
But back to the question, what is Torm Plc? The company is a United Kingdom-based company that owns and operates product tankers. The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products ... There’s something to be said about oil tanker stocks right now.
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Volatility and uncertainty on the tanker front

Splash24/7 10 Apr 2020
On the clean side, we have seen increased interest in the LR2 sector for shorter periods of a maximum of a year, again for clean petroleum products storage, and fixture levels have moved up recently ... It is not unheard of for traders to use new vessels to store clean petroleum products which can only be done with virgin tanks.

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