tanker rates

A number of notable US-listed tanker companies have announced significant share repurchase programs this week, signaling confidence in the sector despite

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

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,

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

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

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

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

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

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

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

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

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,

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

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

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

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

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

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

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

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