Oil Tankers

By Chunzi Xu (Bloomberg) — New York and much of the East Coast are at risk of a gasoline shortage this summer as the European Union’s ban of

By Captain Stephen M. Carmel (CIMSEC) The Department of Defense is projected to need on the order of one hundred tankers of various sizes in the event of a

French shipowner turns to auxiliary wind propulsion to help decarbonize. French tanker company Socatra has entered into a contract with Norsepower to retrofit

By Nidhi Verma and Chen Aizhu NEW DELHI/SINGAPORE, Jan 13 (Reuters) – At least four Chinese-owned supertankers are shipping Russian

By Julian Lee (Bloomberg) — Sweeping European sanctions on the purchase and transportation of Russian oil have prompted the country to transport more

By Kevin Whitelaw (Bloomberg) — Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those

By Stephen Treloar (Bloomberg) — Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and

By Asad Zulfiqar and Sherry Su (Bloomberg) — China is snapping up cargoes of crude that would normally head to Europe, spooking the continent’s

MOSCOW, Dec 22 (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December,

By Asad Zulfiqar and Alex Longley (Bloomberg) — Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting

By Serene Cheong, Julian Lee and Sharon Cho (Bloomberg) — There are tentative signs that oil tanker companies are avoiding sending their ships to

Proman Stena Bulk has successfully taken delivery of its fourth methanol-fueled tanker, Stena Prosperous, paving the way for methanol’s uptake as a

By Jack Wittels (Bloomberg) — Europe is bringing in diesel cargoes from around the world at close to a record pace ahead of the coming ban on shipments

By Jack Wittels (Bloomberg) — Russia has set up a site in the Baltic Sea to allow it to transfer refined fuels from one vessel onto another in a bid

ISTANBUL, Dec 13 (Reuters) – Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new

By Chen Aizhu SINGAPORE, Dec 12 (Reuters) – China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as

By Firat Kozok, Selcan Hacaoglu and Sherry Su (Bloomberg) — Turkey dug in on an insistence that oil tankers navigating its waters must prove they’re

By Daren Butler and Can Sezer ISTANBUL, Dec 9 (Reuters) – Turkey emerged as a critical stumbling block to a complex international plan to

U.S.-flag energy shipping company Overseas Shipholding Group (NYSE: OSG) has exercised options to extend its bareboat charter agreements with American Shipping

By Alex Longley and Sharon Cho (Bloomberg) — Earnings for giant supertankers carrying crude are slumping as OPEC+ production cuts and reduced releases