Floating storage could hit tanker markets this year, with the potential to boost earnings even further than initially forecast. The US Energy Information Administration (EIA) said inventory builds ...

An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that ...

It costs traders more than $200,000 a day to ship liquefied natural gas in the Atlantic basin, per Bloomberg. Daily charter rates to ship LNG for October and November are at $206,750 and $284,750, ...

Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B ...

Drydocks World, a unit of Dubai-owned ports and logistics group DP World, has signed a contract with Dixstone Lower Gulf FZCO to convert an LNG carrier into a floating storage unit (FSU) for use in ...

Falling tanker rates have temporarily improved demand for U.S. crude, helping lift benchmark prices as shipping costs to Asia ...