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tankers


Tuesday, March 12, 2024
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

Russia’s Crude Shipments Rebound to the Highest Level This Year

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports surged to the highest level for the year so far, with shipments from a key Pacific

March 12, 2024
Total Views: 811

Wednesday, March 6, 2024
Aerial view of tanker ship at sea
Shipping

Tanker Newbuild Contracting Surges to Kick Off 2024

BIMCO is reporting a significant surge in crude tanker newbuild contracting in the first two months of 2024, with a 490% year-on-year increase to 7.4 million

March 6, 2024
Total Views: 1165

Sunday, March 3, 2024
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay. REUTERS/Tatiana Meel
Shipping

Some OPEC+ Members Agree To Extend Oil Output Cuts

By Maha El Dahan and Alex Lawler DUBAI, March 3 (Reuters) – Some OPEC+ members agreed on Sunday to extend voluntary oil output cuts into the second

March 3, 2024
Total Views: 686

Friday, March 1, 2024
tanker deck
Shipping

Russian Oil Tankers Behave Strangely After Latest U.S. Sanctions

By Julian Lee (Bloomberg) — Two oil tankers appeared to stop what they were doing off the coast of Greece just a few days after the US Treasury

March 1, 2024
Total Views: 10216

Tuesday, February 27, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

OPEC+ to Consider Extending Voluntary Output Cuts, Sources Say

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar LONDON/MOSCOW, Feb 27 (Reuters) – OPEC+ will consider extending voluntary oil output cuts into the

February 27, 2024
Total Views: 550

An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel//File Photo
Shipping

Russia’s Crude Exports Shrug Off Halt to Key Pacific Grade

By Julian Lee (Bloomberg) — A temporary halt in shipments of Russia’s Sokol crude from Sakhalin Island on the Pacific Coast was offset by a surge

February 27, 2024
Total Views: 1469

Sunday, February 25, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipbuilding

Shortage Of Oil Tankers At Hand As Red Sea Attacks Divert Trade

By Sharon Cho and Alex Longley Feb 24, 2024(Bloomberg) –Longstanding warnings from the oil tanker industry that too few of the ships are being built

February 25, 2024
Total Views: 4144

Wednesday, February 21, 2024
Gasoline tanker at terminal. Photo Shutterstock
Shipping

Scotland’s Fuel Binge Offers Glimpse of Future Without Refinery

By Alex Longley and Jack Wittels (Bloomberg) — A boom in Scottish diesel imports offers a glimpse into the country’s future energy security ahead of

February 21, 2024
Total Views: 2069

Monday, February 19, 2024
Aerial view of tanker ship at sea
Shipping

Indian Diesel Flowing to Asia

By Jack Wittels (Bloomberg) — Shipments of diesel from India into Europe are at the lowest since 2022 so far this month as Houthi attacks on

February 19, 2024
Total Views: 2429

Monday, February 12, 2024
Aerial view of tanker ship at sea
Shipping

Diesel Market Flashes Supply Tightness in Europe

By Jack Wittels (Bloomberg) — The diesel market in Europe is flashing signs of tightness as refinery halts and Red Sea disruption squeeze supplies of a

February 12, 2024
Total Views: 898

Friday, February 9, 2024
Bob Burke. Photo courtesy Marine Money
Shipping

Should I Stay or Do I Go? Ridgebury Tankers’ Burke Reflects on Selling His Fleet

By Barry Parker (gCaptain) – After leaning into a surging tanker market and selling off his fleet at, or near, its peak, what should is a shipowner to

February 9, 2024
Total Views: 1401

Tuesday, February 6, 2024
oil tanker
Shipping

High Tanker Rates Hit U.S. Crude Exports to Asia

By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the

February 6, 2024
Total Views: 3887

Monday, February 5, 2024
tanker deck
Shipping

Red Sea Chaos Causing Global Oil Buyers to Shop Local

By Sharon Cho (Bloomberg) — The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make

February 5, 2024
Total Views: 3309

Thursday, February 1, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

Saudis Boost North Red Sea Oil Exports to Avoid Red Sea Chaos

By Julian Lee and Alex Longley (Bloomberg) — Saudi Arabia significantly increased oil exports from its Muajjiz terminal last month, allowing them to

February 1, 2024
Total Views: 2493

Thursday, January 25, 2024
tanker at sea
Shipping

Tankers Face Million-Dollar Detour Around Cape of Good Hope

Rerouting tankers around the Cape of Good Hope due to Red Sea attacks can add nearly a million dollars per voyage while also doubling transit time, according

January 25, 2024
Total Views: 2552

Monday, January 15, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

More Tankers Avoid Red Sea After Military Strikes

By Robert Harvey, Natalie Grover and Ahmad Ghaddar LONDON, Jan 15 (Reuters) – At least six more oil tankers were steering clear of the southern

January 15, 2024
Total Views: 3428

Monday, January 8, 2024
Maersk Tanker Underway
Shipping

Maersk Tankers Acquires Penfield Marine to Expand Tanker Services

Copenhagen-based Maersk Tankers has recently completed its acquisition of Penfield Marine, a boutique commercial management company. The move allows Maersk

January 8, 2024
Total Views: 2044

Friday, January 5, 2024
Stock photo of an oil tanker moored at sea
Shipping

Tankers Carrying Russian Oil Showing Signs of U.S. Sanctions Impact

By Sherry Su and Julian Lee (Bloomberg) — There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in

January 5, 2024
Total Views: 76634

Wednesday, December 20, 2023
tanker at sea
Shipping

U.S. Tightens Enforcement of Price Cap on Russian Oil

The U.S. Department of the Treasury has intensified its efforts to enforce the price cap on Russian oil by taking action against shipowners and vessels

December 20, 2023
Total Views: 1304

Wednesday, December 13, 2023
FILE PHOTO: A tanker ship passing through the Miraflores docks at the Panama Canal, in Panama City, December 30, 2009. REUTERS/Alberto Lowe/File Photo
Shipping

Fuel Tankers Face Long Slog as Panama Canal Drought Reroutes Trade

HOUSTON, Dec 13 (Reuters) – Oil tanker Cururo is taking the long way from Houston to Chile: sailing the length of South America’s Atlantic coast,

December 13, 2023
Total Views: 2452
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