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Geopolitical developments continue to drive maritime crude oil tanker rates

February 8, 2020

EIA Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018 because of a combination of geopolitical events and changes to maritime fuel specifications. The U.S. Energy Information Administration (EIA) estimates that an average of 100.8 million barrels per day (b/d) of liquid fuels were consumed globally in 2019. Approximately 42%

Crude Exporters Brace for Sustained High Shipping Costs

November 4, 2019

Wall Street Journal The U.S. blacklisting of the Cosco tankers set tanker freight rates on fire, but maritime fundamentals will keep prices high Crude oil exporters and users probably should get used to high shipping costs. The freight-rate roller coaster that was triggered by geopolitical events in September may have leveled off, but fundamentals in the shipping industry are only

Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

October 8, 2019

Source: Reuters: Russia’s liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia’s Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, a Novatek official said. The United States imposed sanctions on Sept. 25 on state-owned COSCO’s subsidiaries, COSCO Shipping Tanker (Dalian) Co

Sentinel Midstream Applies for New Deepwater Crude Export Facility - Oil & Gas 360

Another Deepwater Port to Export Crude

June 3, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Port will be located off the coast of Freeport, Texas Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, submitted a license application on May 30 through the U.S. Maritime Administration (MARAD) for a deepwater crude export facility to be located off the coast of Freeport, Texas. The project will also

Mt Astra (Suezmax) Loading at Corpus Christi ship tanker -Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S. Oil and GAs 360

Corpus Christi Ship Channel Gets Funding Nod for 75-Foot Depth: Permian Producers Can Gear Up for Supertankers

December 7, 2018

Expanded Texas shipping lane could help cut trade deficit by $50B

Geopolitical developments continue to drive maritime crude oil tanker rates

Crude Exporters Brace for Sustained High Shipping Costs

Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

Another Deepwater Port to Export Crude

Corpus Christi Ship Channel Gets Funding Nod for 75-Foot Depth: Permian Producers Can Gear Up for Supertankers

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