New Bureau Veritas rules support hybrid power and energy storage systems

Bureau Veritas has issued a new chapter in its rules providing a framework for electric and hybrid power...

South Korea’s Ulsan Port Authority fast-tracking oil storage project

South Korea’s Ulsan Port Authority is in talks with various foreign strategic investors to advance Phase I ...

VLCC Rates Supported by Floating Storage

Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for floating ...

Britain’s reliance on imported gas to jump as giant storage site axed

Britain is set to lose its largest natural gas storage site, increasing the country’s reliance on imported ...

More VLCCs tankers use for crude oil storage

Yet another time in recent months, oil tankers are being used for oil storage. In its latest weekly report,...

Tanker firm Frontline expects rise in storage of oil on vessels

Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers...

North Sea floating storage high amid slack Asian demand

Rising light sweet crude production in Libya and west Africa, combined with slack demand for North Sea grades in...