Government, Business, Fuel

US Targets Sanctions for Iran-Venezuela Oil Tanker Trade

An Iranian crude oil tanker sits anchored off the coast of Gibraltar in July 2019. An Iranian crude oil tanker sits anchored off the coast of Gibraltar in July 2019. (Marcelo del Pozo/Bloomberg News)

The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.

Saleha Mohsin | Bloomberg News
June 9, 2020
Business, Equipment, Fuel

Tanker Truck Industry Faces Challenges as Fuel, Milk Deliveries Decline

A Kenan Advantage tank truck Kenan Advantage Group

Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic.

Dan Ronan | Associate News Editor
May 7, 2020
Government, Business, Fuel

A 12,000-Mile Trip May Be in Vain Due to Iran Oil Sanctions

An oil tanker in the Mediterranean sea An oil tanker in the Mediterranean sea is silhouetted against the sky in the waters off the coast of Gibraltar. (Marcelo del Pozo/Bloomberg News)

More than two months and 20,000 kilometers (12,000 miles) ago, the tanker Da Yuan Hu left Singapore and headed to Mexico to pick up a shipment of crude oil. On Sept. 26, with less than two weeks to go until it reaches its destination, its long quest could be in jeopardy.

September 26, 2019
Government, Business, Fuel

Iran Oil Tanker Released by Gibraltar as US Eyes Detention

Iranian oil tanker Grace 1 sits anchored off the Strait of Gibraltar Iranian oil tanker Grace 1 sits anchored off the Strait of Gibraltar on July 20, 2019. (Marcelo del Pozo/Bloomberg News)

Iran is racing to return an oil supertanker to international waters after a Gibraltar court determined it couldn’t wait for the United States to take action that would prolong the six-week detention of the vessel for allegedly violating trade sanctions.

August 15, 2019
Business, Fuel, Logistics

GulfMark Energy to Expand Oil Hauling Fleet With Red River Acquisition

GulfMark Energy tanker GulfMark Energy

Adams Resources & Energy Inc., the Houston-based corporate parent of oil marketing firm GulfMark Energy and petroleum and chemical hauler Service Transport Co., has agreed to acquire Red River Vehicle Holdings, a crude oil transportation firm operating in Oklahoma and Texas, for approximately $10 million.

August 20, 2018
Government, Business

California Rail Transit Authority Blocks Tanker Deliveries

Randen Pederson/Flickr

The Sonoma-Marin Area Rail Transit Authority, or SMART, prevented a North Coast freight operator from delivering a dozen more railcars filled with an estimated 396,000 gallons of flammable gas to a storage site south of Sonoma, escalating tensions between the rail agencies.

Derek Moore | The Press Democrat (Santa Rosa, Calif.)
October 4, 2016

Tank Truck Carriers to Experience Strong Year Despite Costs, Capacity Concerns, Experts Say

BALTIMORE — Nearly all tank  truck carriers can expect a strong 2011 because of solid manufacturing sector growth, though tight capacity and rising costs will make the road to prosperity more challenging, industry experts said.

May 30, 2011

Enforcement of Tanker Residue Rule Delayed as Carrier Industry, U.S. Customs Debate

U.S. Customs and Border Patrol officials have postponed the July 17 effective date for a controversial regulation requiring that motor carriers and exporters report even small amounts of residual chemicals left inside cargo tank containers when returning from deliveries in Canada and Mexico.

May 16, 2011