supertankers

Trafigura Group is planning to order two more supertankers from a Chinese yard, as the trading giant looks to reduce its exposure to an unpredictable shipping

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

The National Shipping Company of Saudi Arabia (Bahri) has announced a significant step in its fleet modernization strategy with the acquisition of nine Very

By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling

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

(Bloomberg) –Supertankers holding more than 20 million barrels of Saudi Arabian crude are clustered off Egypt’s Red Sea coast, the most since the

The 1 million-barrel-per-day GulfLink project is one of three proposed deepwater oil export terminals along the Gulf Coast with pending applications with the

By Alex Longley and Sharon Cho (Bloomberg) — Earnings for giant supertankers carrying crude are slumping as OPEC+ production cuts and reduced releases

(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global

By K. Oanh Ha (Bloomberg) –Stacy Fischer-Rosenthal and her 30-strong team have had a busy summer booking private yachts for bankers, CEOs and other

By Damian Shepherd (Bloomberg) — The summer doldrums are here for oil supertankers. Freight rates on the benchmark route from the Middle East to Asia

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the

By Devika Krishna Kumar NEW YORK, Nov 7 (Reuters) – Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude

By Florence Tan and Chen Aizhu SINGAPORE, Sept 27 (Reuters) – Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday

By Collin Eaton HOUSTON, June 3 (Reuters) – Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a

By Alex Longley (Bloomberg) — Higher OPEC oil production and longer voyages are propelling shipowners back to good times. Just a month ago,

Update: SCI Confirms Two Casualties from VLCC Explosion A VLCC belonging to the Shipping Corporation of India suffered an explosion in a cargo tank on Tuesday

The Port of Corpus Christi has sold over $216 million in bonds to help finance the deepening and widening of the Corpus Christi Ship Channel. Currently at a

Belgian tanker company Euronav has purchased the Ultra Large Crude Carrier Seaways Laura Lynn, making it the proud owner of the only two ULCCs in the world