tanker rates

Thursday, December 8, 2022
vlcc supertanker

Supertanker Earnings Plunge on Reduced Crude Supplies

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

December 8, 2022
Total Views: 884

Tuesday, September 20, 2022

Surging Shipping Costs Threaten Next Energy Crunch

By Ann Koh (Bloomberg) — Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential

September 20, 2022
Total Views: 872

Monday, August 29, 2022

Tanker Market May A Get Sudden Boost If Iran Nuclear Deal Is Reached

By Sharon Cho (Bloomberg) –Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be

August 29, 2022
Total Views: 1622

Monday, August 8, 2022

Tankers See Strongest Market in 25 Years

By Kwaku Gyasi and Alex Longley (Bloomberg) — Tankers hauling everything from diesel to gasoline are experiencing a period of strength not seen in at

August 8, 2022
Total Views: 2699

Monday, August 1, 2022

Inflation Hits Oil Tanker Newbuild Prices Hard

Crude oil tanker owners’ shares are up today on news that increasing newbuild rates are driving up the value of existing fleets and could prevent the

August 1, 2022
Total Views: 3225

Saturday, July 23, 2022
two tankers conduct ship-to-ship transfer

Dark Tanker Market Gets Competitive

Data from Vortexa, a platform in the energy industry, shows that Iran, Russia, and Venezuela are all vying to sell oil to Asia. According to the analysis,

July 23, 2022
Total Views: 3931

Tanker docks at marine terminal

Shrinking Oil Tanker Fleet May Deepen The Energy Crisis

by John Konrad (gCaptain) A dwindling oil tanker fleet could deepen the global energy crisis over the next three years as energy companies try to increase

July 23, 2022
Total Views: 11023

Friday, June 3, 2022

Surging Tanker Rates Make Interesting Case for Jones Act Fleet

By Chunzi Xu and Sheela Tobben (Bloomberg) The global search for fuel after Russia’s war has thrust the US Gulf Coast into the role of a main supplier to

June 3, 2022
Total Views: 3812

Thursday, March 3, 2022
oil tanker

Russia’s Toxic Oil Sends Tanker Rates Into a Frenzy

By Sharon Cho (Bloomberg) — For clues on how toxic Russian oil has become, look no further than the trade for tankers that export it. It now costs

March 3, 2022
Total Views: 2147

Monday, February 28, 2022
tanker at sea

Oil Tanker Rates Soar for Key Routes on Russian Invasion

By Bloomberg News (Bloomberg) — The escalating crisis over Ukraine has catapulted the cost of shipping oil by sea.  Freight rates for hauling crude

February 28, 2022
Total Views: 1776

Friday, February 25, 2022
oil tanker photo

Tanker Rates Soar Alongside War Risk Premiums

By Koustav Samanta (Reuters) Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies,

February 25, 2022
Total Views: 1303

Sunday, September 12, 2021
Oil tanker in Ningbo Zhoushan port
Maritime News

ClarkSea Index Records Longest Month Of Gains Despite Tanker Market Doldrums

By Alex Longley (Bloomberg ) While for many shipping sectors Covid has brought a boom, for oil tankers it has meant loss-making trades for much of 2021 and

September 12, 2021
Total Views: 1248

Wednesday, March 17, 2021
lou vest oneeighteen navigation shipping

U.S. Refiners Scale Back on Hiring Ships

By Jonathan Saul and Laura Sanicola (Reuters) – U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of

March 17, 2021
Total Views: 2236

Monday, October 19, 2020
Ocean Princess Tanker

Singapore’s Ocean Tankers Wants To Return Ships To Owners

By Florence Tan and Anshuman Daga SINGAPORE, Oct 19 (Reuters) – The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court

October 19, 2020
Total Views: 1475

Monday, January 6, 2020
oil tanker at sea
Maritime News

Tankers Sail to U.S. Gulf as Rates Surge

HOUSTON, Jan 6 (Reuters) – A flotilla of oil tankers is sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast to take advantage of

January 6, 2020
Total Views: 21

Wednesday, November 27, 2019
frontline tanker
Maritime News

Frontline Resumes Dividend As Tanker Market Improves

by Terje Solsvik (Reuters) – Crude oil tanker firm Frontline declared its first dividend in more than two years on Wednesday and said it plans to

November 27, 2019
Total Views: 26

Wednesday, November 13, 2019
tanker loading
Maritime News

The Spike in Oil-Tanker Rates May Be Over, But a Boom Is Coming

By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) –A surge in the cost of hiring oil tankers last month may already seem like a distant memory, but

November 13, 2019
Total Views: 39

Monday, October 14, 2019
oil tanker
Maritime News

Geopolitical Risks Send Supertanker Rates to Record Levels

By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) –Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels

October 14, 2019
Total Views: 27