oil tanker shipping News

‘Degassing’ North Dakota Crude Oil Before Shipping Among Safety Ideas

After a spate of fiery derailments, the scramble to make North Dakota’s Bakken crude oil safer when it’s being transported on trains has focused on better tracks, slower speeds, and reinforced railcars that bypass urban areas. But that is starting …

Longer Routes Help Oil Tankers Mitigate Iran Sanctions

Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on Wednesday. Chief Executive Herbjorn Hansson said Western sanctions …