Join our crew and become one of the 106,544 members that receive our newsletter.

tanker rates


Tuesday, February 6, 2024
oil tanker
Shipping

High Tanker Rates Hit U.S. Crude Exports to Asia

By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the

February 6, 2024
Total Views: 3890

Wednesday, August 9, 2023
File photo of an oil tanker at sea
Shipping

Tanker Rates Plunge as OPEC+ Cuts Curb Vessel Demand

By Sherry Su, Sheela Tobben and Bill Lehane (Bloomberg) — Oil supply cuts by some of the world’s top producers are curbing the need for tankers,

August 9, 2023
Total Views: 1889

Friday, June 23, 2023
FILE PHOTO: Shipping containers are seen at the container terminal of the port of Oakland, California, U.S., October 28, 2021. REUTERS/Carlos Barria/File Photo
Shipping

Liner Bear Market Looms as Rates Continue to Tumble

By Mike Wackett (The Loadstar) – Maritime analysts are bearish on the outlook for liner shipping, as inventory de-stocking progress in the US and Europe

June 23, 2023
Total Views: 1098

Friday, June 16, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Tanker Rates from Nigeria Soar as Owners Steer Clear

By Alex Longley (Bloomberg) — The cost of shipping oil from Nigeria surged the most in more than a year at the end of a week in which some owners

June 16, 2023
Total Views: 2773

Wednesday, June 14, 2023
Oil Supertanker Rates Surge as Cargoes From Mideast Climb
Shipping

Oil Supertanker Rates Surge as Cargoes From Mideast Climb

(Bloomberg) — Earnings for giant crude supertankers posted their second-largest daily gain in three years as the number of cargoes jumped from the Middle

June 14, 2023
Total Views: 1200

Thursday, December 8, 2022
vlcc supertanker
Shipping

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: 917

Tuesday, September 20, 2022
Stock photo of a tanker at sea
Shipping

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: 878

Monday, August 29, 2022
Tanker Market May A Get Sudden Boost If Iran Nuclear Deal Is Reached
News

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: 1631

Monday, August 8, 2022
Tankers See Strongest Market in 25 Years
Shipping

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: 2722

Monday, August 1, 2022
Inflation Hits Oil Tanker Newbuild Prices Hard
News

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: 3631

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

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: 4008

Tanker docks at marine terminal
News

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: 11098

Friday, June 3, 2022
File photo of a product tanker underway at sea
Shipping

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: 3928

Thursday, March 3, 2022
oil tanker
Shipping

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: 2151

Monday, February 28, 2022
tanker at sea
Shipping

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: 1785

Friday, February 25, 2022
oil tanker photo
News

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: 1323

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: 1261

Wednesday, March 17, 2021
lou vest oneeighteen navigation shipping
News

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: 2240

Monday, October 19, 2020
Ocean Princess Tanker
News

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: 1691

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: 36
close

JOIN OUR CREW

Maritime and offshore news trusted by our 106,544 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.