By Alex Longley and Alaric Nightingale (Bloomberg) — Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s crude oil. The result is likely to be...

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s...

By Brian Ellsworth and Marianna Parraga CARACAS/MEXICO CITY, Jan 19 (Reuters) – The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped...

By Andres Guerra Luz (Bloomberg) — Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in...

By Sheela Tobben and Dave Merrill (Bloomberg) — Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The...

What a year! With 2020 coming to a close, we’re taking a look back at the maritime stories that continued to make headlines all year long. IMO 2020 The year...

Maersk Product Tankers has announced an agreement for the sale of 14 product tankers, a portion of which will be bareboat chartered back to the company. The agreement on the...

By Fabiola Zerpa, Ben Bartenstein and Peter Millard (Bloomberg) — Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation...

By Serene Cheong and Sheela Tobben (Bloomberg) — An armada of around 20 tankers laden with U.S. oil will be heading to Asia this month as the region continues to outpace...

The ship’s manager confirms the Maltese-flagged MT Agrari was hit by an unknown source about one meter above the waterline, causing a breach. The vessel is reported stable. By Jonathan...

By Devika Krishna Kumar, Olga Yagova and Noah Browning NEW YORK/MOSCOW/LONDON, Nov 19 (Reuters) – China, the global oil market’s lifeline this year, has stepped up purchases from exporters like...

By Sharon Cho, Elizabeth Low and Ann Koh (Bloomberg) –China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers...

Heidmar Chief Executive Officer Pankaj Khanna has taken full control of the tanker pool management company from shipping billionaire George Economou. The company announced Monday that Mr. Pankaj Khanna has...

Nov 5 (Reuters) – An oil tanker owned by Venezuelan state oil company Petroleos de Venezuela’s maritime division is undergoing repairs in Cuba after suffering a fire while discharging last...

By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while distillate inventories posted their biggest...

Tokyo-based shipping company Asahi Tanker Co. has placed an order for the world’s first electric-powered tankers. The two tankers, which were ordered at Kawasaki Heavy Industries, will be 100% powered...

By Ira Breskin – A tanker charterer should carefully vet a nominated vessel by conducting prudent risk assessments to reduce liability. In fact, it is incumbent on the charterer to do...

By Sheela Tobben and Javier Blas (Bloomberg) –Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping...

By Florence Tan and Roslan Khasawneh SINGAPORE, Sept 10 (Reuters) – Oil major BP has provisionally chartered a supertanker to store crude oil off Malaysia at this year’s lowest rate...

By Alex Longley (Bloomberg) –Just six months ago, oil supertankers experienced a windfall as the pandemic slashed demand for crude and traders raced to book vessels to store the resulting...