Oil Tankers

Platts, a prominent provider of information and benchmark prices for the commodities and energy markets, has announced the launch of new tanker rate price

Scorpio Tankers Inc. (NYSE: STNG), a global provider of petroleum product transportation, has exercised purchase options on five additional ships as the

By Sharon Cho and Bill Lehane (Bloomberg) — China’s recovery may be disappointing some oil bulls, but there’s one incontrovertible fact: the

By Verity Ratcliffe (Bloomberg) — Iran seized a second oil tanker in less than a week, ratcheting up tensions for shipping in one of the world’s

A new ETF offering investors pure-play exposure to tanker shipping futures launched on the New York Stock Exchange today. The ETF, known as the Breakwave

By Julian Lee (Bloomberg) — Two months into Moscow’s threatened oil output cut, there is no sign of a sustained drop in crude flows out of the

By Alex Longley (Bloomberg) — Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can

By Prejula Prem and Sharon Cho (Bloomberg) — Russian oil is still powering Europe — just with the help of India. Back in December, the European Union

By Alex Longley and Julian Lee (Bloomberg) — An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet

By John Konrad (gCaptain) A Congressional Research Study update by Ronald O’Rourke shows the US Navy has earmarked $8.8 million in research and

By Sharon Cho (Bloomberg) — The price of Russian oil is nearing a threshold that could create complications for the country’s biggest buyers. 

By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON, April 6 (Reuters) – Global fuel suppliers are turning to longer and costlier routes that

Shipping magnate John Fredriksen has increased his stake in Belgian tanker company Euronav, making him the largest shareholder. According to a filing with the

By Sharon Cho (Bloomberg) — OPEC+’s shock decision to cut oil production isn’t just redrawing the outlook for crude prices, it’s also hit the

Jonathan Saul (Reuters)–Spain has called for tighter scrutiny of oil transfers involving tankers at sea as the number of unregulated ships hit by

By Chunzi Xu and Alex Longley (Bloomberg) — The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s

By Alaric Nightingale and Thomas Gualtieri (Bloomberg) — A United Nations agency that oversees shipping raised concerns about the shadow fleet that has

Asset management giant Oaktree Capital Management has abruptly terminated its sale of 5 million Class A common shares in TORM plc (Nasdaq: TRMD or TRMD A), a

By Bloomberg News (Bloomberg) — Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to

By Arathy Somasekhar HOUSTON, March 20 (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far