product tankers

The product tanker sector is bracing for a monumental surge in fleet capacity, with newbuild deliveries projected to reach 12 million deadweight tonnes (DWT)

By Barry Parker (gCaptain) – In recent months, the froth has come off the prices of tanker shares. In the highly cyclical world of shipping stocks, when

Product tanker contracting so far in 2024 has reached an 18-year high, marking a 17% increase compared to the previous year, according to BIMCO. The world’s

Contracting of product tanker newbuilds has hit a 10-year high this year, but recycling of older ships and the impact of decarbonization regulations are likely

By Barry Parker (gCaptain) – February 5th, when the price caps on Russian refined products kicked in, was a pivotal day for the MR and LR1 tanker

By Barry Parker (gCaptain) – Tanker stocks have been among the biggest gainers this year, propelled by the recovery in demand following the pandemic, the

By Barry Parker (gCaptain) – “All of these markets are humming” was the report from Lars Dencker Nielsen, the Commercial Director     

by Chen Aizhu (Reuters) China has entrusted a defense-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal

By Elizabeth Low and Debjit Chakraborty (Bloomberg)– Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and

Rates in the long-range tanker market for transporting oil products softened on Monday as lighter bookings took a toll on

Concordia Maritime (STO:CCORB) announced on Friday a signed agreement with Shell Tankers Singapore Pte Ltd for the charter of the 65,200 dwt P-MAX tankers

Dec. 26 (Bloomberg) — Los Angeles gasoline climbed to the highest level against futures in six weeks after three ships were chartered off the U.S. West

By Barbara Lewis and Robin Emmott BRUSSELS, Dec 16 (Reuters) – European negotiators, hoping to cut fuel bills, will press their U.S. counterparts in

Hyundai Mipo added nearly a half billion dollars to their backlog today with a 16-ship order from an undisclosed Middle Eastern shipowner today. The order

Shipowner J. Lauritzen, following their announcement in mid-August to gradually exit the product tanker market, has concluded the sale today of its fleet of

LONDON, Oct 16 (Reuters) – Transatlantic clean tanker rates stayed pressured on Wednesday as slow bookings and a build up of vessels took their toll on

Aker Philadelphia Shipyard (APSI) and Crowley Corporation have announced today a partnership to build four Jones Act-compliant, 50,000 dwt, 330,000-barrel

LONDON, July 8 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday although the transatlantic

Clean tanker rates for refined petroleum products on top export routes were mostly softer on Monday although firmer bookings boosted earnings in the

LONDON, May 20 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up