Crude Tanker Order Book Hits Nine-Year High as Fleet Renewal Accelerates
The crude tanker sector is experiencing its most significant shipbuilding boom in nearly a decade, with the order book-to-fleet ratio climbing to 14.1
The crude tanker sector is experiencing its most significant shipbuilding boom in nearly a decade, with the order book-to-fleet ratio climbing to 14.1
Russia's Black Sea port of Novorossiysk temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday,
A buildup of a billion barrels of oil on the world’s oceans includes a disproportionately large amount of crude from nations subject to some kind of
Scorpio Tankers Inc. (NYSE: STNG) announced Monday it has signed letters of intent to construct two Very Large Crude Carriers at Hanwha Ocean in South Korea,
The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks
A flotilla of crude oil on the world’s oceans expanded to a fresh high as producer nations keep adding barrels and the tankers sail further for
The Baltic Exchange has launched two new Aframax tanker benchmarks tracking Canadian crude exports to Asia, marking a direct response to shifting global trade
Most Iranian-flagged tankers have begun transmitting properly over the Automatic Identification System (AIS) without spoofing for the first time in seven and a
DHT Holdings, Inc. says that its fleet should not be subject to new Chinese port fees on US-linked vessels that are set to take effect on Tuesday, based on
Bearish signs are cropping up across the oil market after US President Donald Trump’s latest tariff threats fanned fears of an imminent
By Alex Longley Oct 3, 2025 (Bloomberg) –The amount of oil on tankers plowing the world’s oceans climbed to the highest in more than two years,
The Houthi-aligned Humanitarian Operations Coordination Center (HOCC) has designated 13 entities, 9 individuals, and 2 vessels for sanctions related to US
(Bloomberg) — Two key oil ports on Russia’s Black Sea coast resumed loading of tankers overnight following Ukrainian aerial and marine drone attacks on
Sept 21 (Reuters) – Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a complex network of shipping companies and
U.S. President Donald Trump signed an Executive Order today imposing a 25% tariff on imports from India, citing the country’s continued purchase of
Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil
The Indian Navy stealth frigate INS Tabar has responded to a distress call from the Pulau-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on Sunday after
A limpet mine may have caused a blast that damaged a Greek tanker sailing off Libya's coast last week, the fifth such incident to hit commercial shipping in
Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions
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