vlcc

By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) – Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge

U.S.-Israeli strikes on Iran and Tehran's retaliatory attacks across the Persian Gulf are disrupting oil exports from a region that supplies 20% of global

A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect

VLCC charter rates have pushed back into six-figure territory, with DHT Holdings (NYSE:DHT) securing a one-year time charter at $105,000 per day for the

A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market

Soaring freight rates have enticed some shipowners to use new tankers to transport Russian oil, a trade usually carried out by older vessels that are close to

The sanctioned shadow fleet tanker Hyperion has entered the Bay of Biscay and is now heading northeast toward the English Channel. The vessel is one of just a

Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move that marks a new trade order after US exerted

U.S. authorities boarded and seized the oil tanker Olina in Caribbean waters on Friday, marking the fifth such interception in recent weeks as Washington

Chinese buyers shunned offers for Venezuelan crude this week, as a US blockade on the South American producer constrains exports and pushes up

China's foreign ministry on Monday said the United States' seizure of another country's ships was a serious violation of international law, after the U.S.

 A U.S. move this week to seize an oil tanker out of Venezuela is poised to make a bad situation worse for a crisis-stricken Cuba already struggling to

A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty

The amount of Iranian crude held on tankers at sea has swelled to the highest in two-and-a-half years, reflecting slower demand from top buyer China even as

Scorpio Tankers Inc. (NYSE: STNG) announced Monday it has signed letters of intent to construct two Very Large Crude Carriers at Hanwha Ocean in South Korea,

On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from

VLCC specialist Tankers International is projecting effective vessel supply growth of only 1% in the next three years due to the declining usable capacity of a

By Ari Natter and Jennifer A. Dlouhy Feb 14, 2025 (Bloomberg) –Transportation Secretary Sean Duffy said the Trump administration planned to “move

By Ira Breskin NEW YORK — This is a seller’s market for tankers. That was the consensus of industry experts speaking here this week at the 31st annual

President Donald Trump’s maiden sanctions package targeting a handful of vessels carrying Iranian oil stopped short of the “maximum pressure” campaign