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tankers


Wednesday, May 1, 2024
FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
Shipping

Port Constraints for Canada’s Trans Mountain Pipeline May Crimp Oil Exports

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

18 mins ago
Total Views: 64

Tuesday, April 30, 2024
Bow Triumph at the Odfjell Terminal in Charleston on September 8, 2022, showing damage to the vessel’s starboard side. U.S. Coast Guard Photo
Accidents

Pilot Error Led to Major Tanker Accident at South Carolina Naval Base

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

23 hours ago
Total Views: 3797

Wednesday, April 3, 2024
tanker at sea
Shipping

U.S. Petroleum Product Exports Hit Record in 2023

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

April 3, 2024
Total Views: 608

Wednesday, March 20, 2024
A tanker transits the Panama Canal Locks
Shipping

Shippers Turn to Longer-Term Charters as Tanker Supply Tightens

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

March 20, 2024
Total Views: 1268

Tuesday, March 19, 2024
An aerial view shows an SCF tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022
Shipping

Tanker Operators Navigate Russian Crude Trade Amid Sanctions

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

March 19, 2024
Total Views: 1201

Tuesday, March 12, 2024
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

Russia’s Crude Shipments Rebound to the Highest Level This Year

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

March 12, 2024
Total Views: 822

Wednesday, March 6, 2024
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
Shipping

Tanker Newbuild Contracting Surges to Kick Off 2024

BIMCO is reporting a significant surge in crude tanker newbuild contracting in the first two months of 2024, with a 490% year-on-year increase to 7.4 million

March 6, 2024
Total Views: 1185

Sunday, March 3, 2024
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay. REUTERS/Tatiana Meel
Shipping

Some OPEC+ Members Agree To Extend Oil Output Cuts

By Maha El Dahan and Alex Lawler DUBAI, March 3 (Reuters) – Some OPEC+ members agreed on Sunday to extend voluntary oil output cuts into the second

March 3, 2024
Total Views: 694

Friday, March 1, 2024
tanker deck
Shipping

Russian Oil Tankers Behave Strangely After Latest U.S. Sanctions

By Julian Lee (Bloomberg) — Two oil tankers appeared to stop what they were doing off the coast of Greece just a few days after the US Treasury

March 1, 2024
Total Views: 10245

Tuesday, February 27, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

OPEC+ to Consider Extending Voluntary Output Cuts, Sources Say

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar LONDON/MOSCOW, Feb 27 (Reuters) – OPEC+ will consider extending voluntary oil output cuts into the

February 27, 2024
Total Views: 554

An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel//File Photo
Shipping

Russia’s Crude Exports Shrug Off Halt to Key Pacific Grade

By Julian Lee (Bloomberg) — A temporary halt in shipments of Russia’s Sokol crude from Sakhalin Island on the Pacific Coast was offset by a surge

February 27, 2024
Total Views: 1474

Sunday, February 25, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipbuilding

Shortage Of Oil Tankers At Hand As Red Sea Attacks Divert Trade

By Sharon Cho and Alex Longley Feb 24, 2024(Bloomberg) –Longstanding warnings from the oil tanker industry that too few of the ships are being built

February 25, 2024
Total Views: 4239

Wednesday, February 21, 2024
Gasoline tanker at terminal. Photo Shutterstock
Shipping

Scotland’s Fuel Binge Offers Glimpse of Future Without Refinery

By Alex Longley and Jack Wittels (Bloomberg) — A boom in Scottish diesel imports offers a glimpse into the country’s future energy security ahead of

February 21, 2024
Total Views: 2078

Monday, February 19, 2024
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
Shipping

Indian Diesel Flowing to Asia

By Jack Wittels (Bloomberg) — Shipments of diesel from India into Europe are at the lowest since 2022 so far this month as Houthi attacks on

February 19, 2024
Total Views: 2430

Monday, February 12, 2024
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
Shipping

Diesel Market Flashes Supply Tightness in Europe

By Jack Wittels (Bloomberg) — The diesel market in Europe is flashing signs of tightness as refinery halts and Red Sea disruption squeeze supplies of a

February 12, 2024
Total Views: 905

Friday, February 9, 2024
Bob Burke. Photo courtesy Marine Money
Shipping

Should I Stay or Do I Go? Ridgebury Tankers’ Burke Reflects on Selling His Fleet

By Barry Parker (gCaptain) – After leaning into a surging tanker market and selling off his fleet at, or near, its peak, what should is a shipowner to

February 9, 2024
Total Views: 1406

Tuesday, February 6, 2024
oil tanker
Shipping

High Tanker Rates Hit U.S. Crude Exports to Asia

By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the

February 6, 2024
Total Views: 3889

Monday, February 5, 2024
tanker deck
Shipping

Red Sea Chaos Causing Global Oil Buyers to Shop Local

By Sharon Cho (Bloomberg) — The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make

February 5, 2024
Total Views: 3312

Thursday, February 1, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

Saudis Boost North Red Sea Oil Exports to Avoid Red Sea Chaos

By Julian Lee and Alex Longley (Bloomberg) — Saudi Arabia significantly increased oil exports from its Muajjiz terminal last month, allowing them to

February 1, 2024
Total Views: 2494

Thursday, January 25, 2024
tanker at sea
Shipping

Tankers Face Million-Dollar Detour Around Cape of Good Hope

Rerouting tankers around the Cape of Good Hope due to Red Sea attacks can add nearly a million dollars per voyage while also doubling transit time, according

January 25, 2024
Total Views: 2574
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