tankers

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

Product tanker operator TORM has agreed to acquire agreed to acquire eight second-hand Medium Range (MR) tankers for $340 million. Delivery of these vessels is

Saltchuk Resources, Inc. has successfully completed its tender offer to acquire all outstanding shares of Overseas Shipholding Group, Inc. (NYSE: OSG) for

By Alex Longley (Bloomberg) — Group of Seven sanctions aimed at depriving the Kremlin of petrodollars are failing in one of their key objectives:

By Alex Longley and Jack Wittels (Bloomberg) — Some of the world’s biggest oil-hauling supertankers are instead loading up vast volumes of diesel in

By Marianna Parraga HOUSTON, June 25 (Reuters) – Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to

By Trixie Yap SINGAPORE, June 21 (Reuters) – Global commodities trader Trafigura loaded diesel onto a supertanker in the Middle East this week, taking

Scorpio Tankers Inc. (NYSE: STNG) is selling five of its older MR product tankers for a total of $179.1 million. The sales, expected to close in the third

Crude oil and oil product flows around the Cape of Good Hope increased by nearly 50% in the first five months of 2024 compared to last year’s average as

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI, June 2 (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output

By Dmitry Zhdannikov, Alex Lawler and Maha El Dahan LONDON, May 30 (Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting

By Sherry Su (Bloomberg) — Three tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without

WASHINGTON, May 28 (Reuters) – The United States and its partners are prepared to use sanctions and export controls to prevent China-Russia

Seattle-based Saltchuk Resources, a diverse freight transportation and services company, has entered into a definitive agreement to acquire Overseas

May 1 (Reuters) – Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline

A navigation error by a pilot led to a 600-foot-long tanker striking a pier at the Joint Base Charleston’s Naval Weapons Station in South Carolina, the

2023 proved to be a remarkable year for U.S. petroleum product exports, with propane leading the surge. The United States hit a new high in petroleum product

By Arathy Somasekhar and Georgina McCartney HOUSTON, March 20 (Reuters) – Rising oil tanker chartering rates due to

Despite restrictions, the Russian crude trade is expected to continue at discounted prices, benefiting the crude tanker market for vessels not subject to

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports surged to the highest level for the year so far, with shipments from a key Pacific