tanker rates

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

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

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

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

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