Record Tanker Rates Threaten to Push U.S. Oil Exports to Asia to Seven-Year Low
US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the cost to lease a tanker for the Pacific
US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the cost to lease a tanker for the Pacific
Deal adds four modern crude tankers as International Seaways reports sharply higher spot earnings entering the fourth quarter. International Seaways has agreed
Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled
FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas
Commodity trading giant Trafigura is launching a new tanker company with plans to raise about $500 million and list the business in Oslo, opening its growing
A liquefied natural gas tanker bringing fuel from the US to Europe suffered a systems failure that the crew reported as a suspected cyber attack, according to
For more than a century, commercial shipping steadily moved away from sails. Now they are coming back. Across the global fleet, shipowners are installing
Oil prices rose by over $3 on Tuesday after shipping industry sources said oil loadings at Saudi Arabia's Red Sea port of Yanbu had been suspended, and Libya
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships
The head of Japanese shipping company Mitsui OSK Lines Ltd. expects disruption in the Strait of Hormuz to last longer than previously assumed, with recent
Aug 22 (Reuters) – Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from
The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a
Scorpio Tankers is moving to reshape its product tanker fleet, announcing agreements to sell four LR2 tankers while lining up two new MR newbuildings and
U.S. Treasury Secretary Scott Bessent announced Monday that the Treasury Department is issuing a temporary 30-day general license allowing “the
Danish shipping giant D/S NORDEN says the ongoing Persian Gulf conflict and disruption to the Strait of Hormuz are having sharply different effects across
Venezuela's oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to the United States,
Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with oil companies, a White House official said on
The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers' group as an unprecedented energy crisis triggered
The United States continues to export record amounts of oil. Demand for U.S. black gold shows no signs of lessening. The long line of tankers dotting the ocean
By Selcan Hacaoglu Apr 19, 2026 (Bloomberg) –International Energy Agency Executive Director Fatih Birol proposed building a new oil pipeline linking
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up