Oil Tankers

Tanker shipping news – VLCC and Aframax crude rates, product tanker fixtures, chemical carrier demand, sanctions fleet shifts and crude oil tankers.

Monday, September 25, 2023
tanker at sea
Shipping

Russia Still Relies on Europe for Shipping its Oil 

By Alex Longley (Bloomberg) — Russia is still relying on European shipping to transport its oil even as the country’s supplies exceed Group-of-Seven

September 25, 2023
Total Views: 1781

Thursday, September 21, 2023
FILE PHOTO: A pipe yard servicing government-owned oil pipeline operator Trans Mountain is seen in Kamloops, British Columbia, Canada June 7, 2021. REUTERS/Jennifer Gauthier/File Photo
Shipping

Canada’s Mega Pipeline Promises to Redraw Global Oil Flows

By Lucia Kassai and Robert Tuttle (Bloomberg) — Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next

September 21, 2023
Total Views: 9852

Monday, September 18, 2023
The Stena Immaculate and Stena Imperative, which have both been selected for the Tanker Security Program. Photo courtesy Crowley
Shipping

Military Sealift Command Awards Tanker Charters

The U.S. Navy’s Military Sealift Command has awarded contracts for the time charter of three U.S.-flag tankers that are also enrolled in the U.S.

September 18, 2023
Total Views: 5555

Tuesday, August 22, 2023
File photo of a product tanker underway at sea
Shipping

Maritime Partners to Acquire AMSC’s Jones Act Tanker Fleet

Oslo-based AMSC and Maritime Partners have signed a share purchase agreement for Maritime Partners’ purchase of American Tanker Holding Company (ATHC), a

August 22, 2023
Total Views: 2194

Monday, August 21, 2023
Ship Tracker Reveals Iran’s Surging Oil Exports
Shipping

Ship Tracker Reveals Iran’s Surging Oil Exports

By Alaric Nightingale (Bloomberg) — Iran’s oil exports are surging this month, swelling global flows at a time when other producers are cutting back,

August 21, 2023
Total Views: 3541

FILE PHOTO: The tanker SCF Irtysh pictured on May 10, 2017. Photo credit: MartinLueke/Shutterstock
Shipping

Russia Ships Naphtha to China Via Northern Sea Route

MOSCOW, Aug 21 (Reuters) – Russia is shipping a rare naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to

August 21, 2023
Total Views: 7130

Wednesday, August 9, 2023
File photo of an oil tanker at sea
Shipping

Tanker Rates Plunge as OPEC+ Cuts Curb Vessel Demand

By Sherry Su, Sheela Tobben and Bill Lehane (Bloomberg) — Oil supply cuts by some of the world’s top producers are curbing the need for tankers,

August 9, 2023
Total Views: 1964

Thursday, July 27, 2023
Scorpio Tankers' handymax tanker STI Batterdea enters the port of Rotterdam
Shipping

Ukraine Conflict and EU’s Ban on Russian Oil Products Drive Surge in Product Tanker Orders

The war and Ukraine and EU’s ban on Russian oil products is driving product tanker rates higher, contributing to a surge in newbuild orders. The product

July 27, 2023
Total Views: 938

Tuesday, July 18, 2023
Knock Nevis -Largest Ship
Ship Design

Knock Nevis – The World’s Largest Supertanker

In the annals of maritime history, few names evoke as much awe and fascination as the Knock Nevis. Known by many names throughout her storied life—Seawise

July 18, 2023
Total Views: 3257

Monday, July 10, 2023
Nigeria to Destroy Tanker Caught Smuggling Crude Oil
Shipping

Nigeria to Destroy Tanker Caught Smuggling Crude Oil

LAGOS, July 10 (Reuters) – Nigeria’s state-owned oil firm NNPC Ltd said on Monday an 800,000-liter (211,338-U.S. gallon) vessel carrying stolen

July 10, 2023
Total Views: 4980

Friday, July 7, 2023
tanker at sea
Shipping

Saudi Supertanker Backlog Off Egypt is Growing Again

By Prejula Prem (Bloomberg) — Saudi-owned supertankers are once again starting to cluster off the coast of Egypt, after earlier signs this week that the

July 7, 2023
Total Views: 2978

Wednesday, July 5, 2023
oil tanker
Shipping

Saudi Crude Oil Tanker Backlog at Ain Sukhna Begins to Clear

By Julian Lee (Bloomberg) — A backlog of Saudi-owned supertankers that has built up off Egypt’s Red Sea coast is beginning to clear.  The number

July 5, 2023
Total Views: 1172

Tuesday, June 27, 2023
Scorpio Tankers' handymax tanker STI Batterdea enters the port of Rotterdam
Shipping

Scorpio Tankers Secures $1 Billion Financing for Fleet Expansion

Scorpio Tankers has secured commitments for a $1 billion term loan and revolving credit facility, which will be used to finance 45 unencumbered product

June 27, 2023
Total Views: 1775

Monday, June 19, 2023
File photo of an oil tanker at sea
Shipping

Last Oil Tanker Waiting to Load Kurdish Crude Sails Empty

By Anthony Di Paola (Bloomberg) — A last tanker that had been waiting in the Mediterranean Sea for nearly three months to load Kurdish crude

June 19, 2023
Total Views: 6997

Friday, June 16, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Tanker Rates from Nigeria Soar as Owners Steer Clear

By Alex Longley (Bloomberg) — The cost of shipping oil from Nigeria surged the most in more than a year at the end of a week in which some owners

June 16, 2023
Total Views: 2921

Wednesday, June 14, 2023
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
Shipping

Global Oil Demand Approaching Peak as Clean Energy Takes Center Stage, Says IEA Report

Growth in the global demand for oil is projected to experience a significant slowdown in the coming years before stalling out this decade amid the transition

June 14, 2023
Total Views: 837

A bird's-eye view of ships along the coast in Singapore July 9, 2017. REUTERS/Jorge Silva/File Photo
Accidents

Tanker Fire at Singapore Terminal Extinguished

A fire broke out on a tanker berthed at a terminal in Singapore on Wednesday, but was extinguished within about two hours with no injuries or pollution

June 14, 2023
Total Views: 1971

Monday, June 12, 2023
Marshall Islands-flagged oil tanker Advantage Sweet, which, according to Refinitiv ship tracking data, is a Suezmax crude tanker which had been chartered by oil major Chevron and had last docked in Kuwait, sails at Marmara sea near Istanbul, Turkey January 10, 2023. REUTERS/Yoruk Isik
Shipping

U.S. May Unload Oil From Seized Iranian Vessel Off Texas

(Bloomberg) — The US may soon start unloading oil from an Iranian tanker now anchored off the coast of Texas that was seized by the Department of Justice

June 12, 2023
Total Views: 6153

Thursday, June 8, 2023
Stock photo of an oil tanker moored at sea
Shipping

Operator Eyes 2027 Start Date for Texas Offshore Oil Export Project

HOUSTON, June 8 (Reuters) – Enterprise Products Partners’ Sea Port crude oil export terminal off the coast of Texas could begin operations

June 8, 2023
Total Views: 1980

Tuesday, June 6, 2023
The Kozmino oil port in eastern Russia
Shipping

Russian Crude Exports Stay High as OPEC+ Partners Call for Clarity

By Julian Lee (Bloomberg) — Russian crude oil flows to international markets continue unabated, with no substantive sign of the output cuts that

June 6, 2023
Total Views: 1958