supertankers

The cost ?of shipping oil on the largest tankers fell this week from record highs as demand eased following a wave of attacks on vessels in the Middle East

A growing number of empty supertankers have been turning away from the Persian Gulf as escalating Iranian attacks threaten a critical transfer hub for wartime

(Bloomberg) — Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global

By Yongchang Chin, Sherry Su, Nathan Risser and Alex Longley Sep 19, 2026 (Bloomberg) –The soaring cost of moving oil around the world is making

Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil are exiting the Red Sea via the Bab el-Mandeb strait on Thursday, shipping

By Alaric Nightingale and Julian Lee (Bloomberg) — The recent spate in attacks on commercial shipping during the Iran war has increasingly involved

Traffic through the Strait of Hormuz picked up for the first time since Iran’s recent attacks on ships in the waterway, with more operators sending crude

Iranian crude oil flows appeared to surge following the lifting of a months-long US naval blockade on the Islamic Republic’s ports, even as visible traffic

The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a

By Florence Tan SINGAPORE, April 11 (Reuters) – Three supertankers passed through the Strait of Hormuz on Saturday, shipping data showed, marking what

West African crude traders are slashing prices as soaring freight costs and an unfavorable Brent-Dubai spread kill Asian demand. Tanker rates to Asia hit

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