Until very recently, the narrative in the tanker market went like this: The coronavirus has destroyed oil demand, excess oil will be forced into storage on tankers, a huge portion of the fleet will be … [Read more...] about Tanker pitch goes back to basics as floating storage fades
CRUDE OIL STORAGE
Crude tanker storage, orderbook dynamics could balance demand lull: Teekay
Source: S&P global Teekay Tankers is looking toward potentially bullish tanker supply factors, namely discharge delays, floating storage and the orderbook environment to combat depressed crude … [Read more...] about Crude tanker storage, orderbook dynamics could balance demand lull: Teekay
INNOVATION- Chinese firm Submarinergy is fast building 5000-Ton crude floating storage units (CFSU)
As we were discussing hiring oil tanker for storing cheap crude oil, there is a new kid in the block with some out innovative idea for large scale storage. Composite material shipbuilding company, … [Read more...] about INNOVATION- Chinese firm Submarinergy is fast building 5000-Ton crude floating storage units (CFSU)
India’s crude oil storage tanks to be full in third week of May
Low oil prices are an opportunity for India to stock up on the commodity, and the pumps at Indian Strategic Petroleum Reserves Ltd’s (ISPRL) underground storage caverns are busy. The public sector … [Read more...] about India’s crude oil storage tanks to be full in third week of May
