By Andres Guerra Luz and Alex Longley (Bloomberg) — Oil fluctuated above $63 a barrel, exactly one year after U.S. benchmark crude futures plunged below zero, with traders extending its rally...

By Sheela Tobben and Lucia Kassai (Bloomberg) — Canadian oil sellers are sending exports to the U.S. West Coast, an unexpected move prompted by the staggered global demand recovery from the...

New York-listed tanker companies International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. (NYSE: DSSI) have announced an all-stock merger that will create the world’s second largest US-listed tanker...

by Aziz El Yaakoubi (Reuters) – The Saudi-led coalition has allowed four tankers to dock at Yemen’s Red Sea port of Hodeidah, two sources familiar with the matter said, after...

By Alex Longley and Alaric Nightingale (Bloomberg) — The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing...

By Jonathan Saul and Laura Sanicola (Reuters) – U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when...

BEIJING, March 16 (Reuters) – China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with officials seizing 11 ships and...

By Alex Longley (Bloomberg) — Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China...

By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part...

By Deisy Buitrago and Marianna Parraga CARACAS/MEXICO CITY, Feb 23 (Reuters) – Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part...

by Charles Regnier (Reuters) – Belgium’s Euronav expects pressure on freight rates to continue until late 2021, the tanker operator said as it reported weaker than expected quarterly results on...

By Yew Lun Tian and Fathin Ungku BEIJING (Reuters) – China said on Wednesday it was seeking details about 25 of its nationals who were among 61 crew on two supertankers seized...

By Jonathan Saul LONDON, Jan 28 (Reuters) – A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created...

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...