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29 Mar 2016 By Tradewinds

Lloyd Fonds Issues Panamax Payday

Tanker pair continue to generate healthy dividend for investors, finance house says. Lloyd Fonds has issued a tasty payout to investors in a pair of panamax tankers.

24 Feb 2016 By Penfield

THEO T Departs Port Corpus Christi First US Crude Oil Export Since Lift of Ban

Watch a video of this historic departure.

22 Feb 2016 By Bloomberg

The Trickle of U.S. Oil Exports Is Already Shifting Global Power

The sea stretched toward the horizon last New Year’s Eve as the Theo T, a red-and-white tug at her side, slipped quietly beneath the Corpus Christi Harbor Bridge in Texas.

14 Jan 2016 By Tradewinds

‘New kid on the block’ Penfield Marine punches above its weight

Low-key commercial manager corners first two US crude export cargoes after 40-year ban is lifted.

31 Dec 2015 By Bloomberg

First U.S. Oil and LNG Sailing Into Global Markets

The Bahamas-flagged MT Theo T departs Corpus Christi, Texas carrying the first U.S. crude export after Congress repealed the 40-year-old export ban.

31 Dec 2015 By Houston Business Journal

First crude oil export shipment to set sail

History is being made with the first export shipment of crude oil in more than 40 years.