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Tuesday, November 5, 2024
Shipping

Shell Game on the High Seas: U.S. Busts Turkish National in Venezuela Oil Smuggling Ring

A 37-year-old Turkish national has been apprehended in Miami on charges of conspiring to violate U.S. sanctions on Venezuela and the Maduro regime. The arrest

November 5, 2024
Total Views: 1997

Monday, November 4, 2024
Pipeline Pressure: Texas Shale Surge Pushes Gulf Coast Crude Prices Higher
Shipping

Pipeline Pressure: Texas Shale Surge Pushes Gulf Coast Crude Prices Higher

By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) – The difference in prices for U.S. shale oil in West Texas and at Houston has

November 4, 2024
Total Views: 1213

Wednesday, October 30, 2024
Shipping

Why STNG’s Wager on DHT Could Signal a Tanker Market Rebound

By Barry Parker (gCaptain) – In recent months, the froth has come off the prices of tanker shares. In the highly cyclical world of shipping stocks, when

October 30, 2024
Total Views: 704

Tuesday, October 22, 2024
An anchored tanker ship at night
Featured

Inside the Shadowy Insurance Market Covering Russia’s Oil Tankers

By Alex Longley, Patrick Sykes and Alberto Nardelli (Bloomberg) — One of the energy market’s open questions since Russia’s invasion of Ukraine has

October 22, 2024
Total Views: 1494

Monday, October 21, 2024
Shipping

Is the Tanker Market Set for a Comeback? Experts Say a ‘November Surge’ Could Be Just the Beginning

By Barry Parkger (gCaptain) – The tanker market session at Capital Link’s Maritime Forum in New York drew a standing-room-only crowd. Although

October 21, 2024
Total Views: 1152

Wednesday, October 16, 2024
Offshore

Guyana Moves to Diversify Offshore Energy Production as Oil Exports Leap

Guyana has taken a significant step in expanding its offshore oil and gas production, with energy giants TotalEnergies, Qatar Energy, Petronas, Cybele Energy,

October 16, 2024
Total Views: 1558

Tuesday, October 15, 2024
Shipping

Red Sea Shipping Crisis: Oil Flows Through Bab el-Mandeb Plummets By Over Half in 2024

The flow of crude oil and oil products through the strategic Bab el-Mandeb Strait has plummeted by over 50% in the first eight months of 2024, according to the

October 15, 2024
Total Views: 1773

Wednesday, October 9, 2024
Shipping

Geopolitical Volatility Fuels Surge in Tanker Rates

With tensions in the Middle East ratcheting upward again, the tanker market is taking notice. In a weekly market opinion piece titled “Tankers in

October 9, 2024
Total Views: 890

Tuesday, October 8, 2024
Satellite imagery captured by the European Space Agency's Copernicus Sentinel-2 shows three tankers at Iran's Kharg Island export terminal, October 8, 2024.
Shipping

Iran Is Still Shipping Crude Oil From Kharg Island Export Terminal

By Julian Lee (Bloomberg) — Iran is still exporting crude oil from its main Kharg Island terminal even after a flotilla of oil tankers fled nearby

October 8, 2024
Total Views: 1702

Friday, September 20, 2024
Shipping

Disruption Drives Shipping: How Geopolitical Tensions and Market Volatility Are Reshaping Global Maritime Trade

(gCaptain) – One presenter at a recent seminar, produced jointly by law firm Reed Smith and class society DNV, Jakub Walenkiewicz, the Principal Market

September 20, 2024
Total Views: 1052

Wednesday, September 11, 2024
Shipping

Maersk Tankers Launching New Chemical Tanker Pool

Maersk Tankers, a global leader in the shipping industry, is set to launch a new chemical tanker pool on October 1st, expanding its services and strengthening

September 11, 2024
Total Views: 1817

Shipping

Peninsula Launches Independent Tanker Company to Expand Freight Operations

London-based marine fuels supplier Peninsula has announced the creation of Hercules Tanker Management (HTM), a new independent entity that will take over

September 11, 2024
Total Views: 851

Tuesday, September 10, 2024
Shipping

US-Listed Tanker Companies Ramp Up Share Repurchases

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

September 10, 2024
Total Views: 1200

Monday, September 9, 2024
Shipping

Tankers: An Upward Spurt in The Offing?

(gCaptain) – Over the past 2½ years, the tanker market has received much attention and brought good fortune to investors who jumped aboard following the

September 9, 2024
Total Views: 1205

Friday, August 30, 2024
Shipping

Frontline Anticipates Seasonal Upturn in Tanker Market

Frontline plc (NYSE: FRO), a major player in the tanker industry, has reported its Q2 2024 earnings of $0.62 per share, matching the previous quarter’s

August 30, 2024
Total Views: 903

Shipping

Tankers: OPEC+ Likely to Proceed with Output Hike from October, Sources Say

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Aug 30 (Reuters) – OPEC+ is set to proceed with a planned oil output hike

August 30, 2024
Total Views: 463

Wednesday, August 21, 2024
Shipbuilding

Product Tanker Ordering Reaches 18-Year High, Sparking Oversupply Concerns

Product tanker contracting so far in 2024 has reached an 18-year high, marking a 17% increase compared to the previous year, according to BIMCO. The world’s

August 21, 2024
Total Views: 1214

Tuesday, August 20, 2024
Shipping

Bahri Announces $1 Billion Acquisition of Nine VLCCs

The National Shipping Company of Saudi Arabia (Bahri) has announced a significant step in its fleet modernization strategy with the acquisition of nine Very

August 20, 2024
Total Views: 1134

Tuesday, July 30, 2024
Accidents

Tankers ‘Hafnia Nile’ and ‘Ceres 1’ Anchored in Malaysian Waters Amid Ongoing Investigation into Fiery Collision

KUALA LUMPUR, July 30 (Reuters) – Two large oil tankers that collided and caught fire near Singapore earlier this month are afloat and anchored

July 30, 2024
Total Views: 1431

Monday, July 22, 2024
Shipping

Trafigura Group Expands High Heat Tanker Fleet

The Trafigura Group has successfully acquired Gearbulk’s 50 percent share in the joint venture company High Heat Tankers (HHT). The strategic move marks a

July 22, 2024
Total Views: 1156
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