Oil Tankers

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

Thursday, November 3, 2022
Oil tanker in Ningbo Zhoushan port
Shipping

U.S. Crude Exports to Asia at Record High

By Arathy Somasekhar and Muyu Xu HOUSTON/SINGAPORE, Nov 3 (Reuters) – Deliveries of U.S. crude oil to Asia are set to touch a record 1.8

November 3, 2022
Total Views: 3249

Tuesday, November 1, 2022
Scorpio Tankers' handymax tanker STI Batterdea enters the port of Rotterdam
Shipping

Scorpio Tankers Scores a Homerun as Product Tankers Hit It Out of The Park

By Barry Parker (gCaptain) – Tanker stocks have been among the biggest gainers this year, propelled by the recovery in demand following the pandemic, the

November 1, 2022
Total Views: 2915

Friday, October 28, 2022
Chemical tanker
News

Could Clean Startups Boost The Chemical Tanker Market?

During their last quarterly update Overseas Tanker Corp ($OSG) discussed the growth of a new cargo segment for oil tankers: renewable diesel. Could chemical

October 28, 2022
Total Views: 963

Monday, October 24, 2022
Scorpio Tankers Exercises Purchase Options on Eight Ships
Shipping

Scorpio Tankers Exercises Purchase Options on Eight Ships

Scorpio Tankers Inc. (NYSE:STNG) has exercised purchase options for eight tankers along with the repayment of a credit facility that will reduce the

October 24, 2022
Total Views: 1819

Saturday, October 22, 2022
The oil tanker Minerva Virgo, docked at the oil terminal, is seen after leaving a Russian port around the time that nation invaded Ukraine in late February. REUTERS/Bjoern Kils/File Photo
Shipping

Russian Oil Logistics In Chaos With Weeks Until Sanctions Bite

By Serene Cheong Oct 22, 2022 (Bloomberg) –Traders, tanker companies and the world’s most powerful governments are becoming increasingly fixated

October 22, 2022
Total Views: 9904

Wednesday, October 19, 2022
oil tanker at anchor
Shipping

Shipowners Expect Crude Tanker Rates to Stay Strong Despite Russia Turmoil

By Jonathan Saul LONDON, Oct 19 (Reuters) – Prospects for the crude oil tanker market are expected to stay strong for at least the next year

October 19, 2022
Total Views: 734

Monday, October 17, 2022
vlcc tanker u-turn
Shipping

Russia’s Rosneft Moves Into Tanker Chartering as EU Ban Looms

By Nidhi Verma MOSCOW/NEW DELHI, Oct 17 (Reuters) – Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil

October 17, 2022
Total Views: 1879

Russian Oil Exports Fall After Exxon Rejects Putin’s Ship Insurance Plan
News

Russian Oil Exports Fall After Exxon Rejects Putin’s Ship Insurance Plan

by Nidhi Verma  (Reuters) Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept

October 17, 2022
Total Views: 2892

Saturday, October 15, 2022
Sovcomflot Logo Russian
Shipping

Russia Cuts Gasoline Exports

by David Evans (Reuters) Russia has cut gasoline exports via its ports and border crossings in September by 14% month-on-month to 256,204 tonnes amid refinery

October 15, 2022
Total Views: 2107

Thursday, October 13, 2022
Ships bridge silhouetted with Antarctic Icebergs on the Horizon
Shipping

Russia Sanctions Spur Demand for Ice-Class Oil Tankers

By Serene Cheong and Sharon Cho (Bloomberg) — The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union

October 13, 2022
Total Views: 1532

Friday, September 30, 2022
First Wind-Assisted Supertanker Delivered in China
Environment

First Wind-Assisted Supertanker Delivered in China

The world’s first partially sail-powered supertanker has been delivered in China. The M/V New Aden was delivered this month by Dalian Shipbuilding

September 30, 2022
Total Views: 2588

Tuesday, September 20, 2022
Stock photo of a tanker at sea
Shipping

Surging Shipping Costs Threaten Next Energy Crunch

By Ann Koh (Bloomberg) — Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential

September 20, 2022
Total Views: 933

Saturday, September 17, 2022
Baltic Russian Icebreaker
Navy

Don’t Play Russian Roulette With Baltic Oil Tankers

By Javier Blas (Bloomberg) Every day, dozens of oil tankers cross the narrow waterway. It’s a linchpin of global trade. Shut it down and gasoline prices

September 17, 2022
Total Views: 17722

Oil Tanker Rates Bubbling Up As Russia Disrupts Trade
Shipping

Oil Tanker Rates Bubbling Up As Russia Disrupts Trade

(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global

September 17, 2022
Total Views: 1921

Monday, September 12, 2022
vlcc tanker u-turn
Shipping

Shipowners Rush for Ice-Class Tankers to Move Russian Oil This Winter

By Jack Wittels (Bloomberg) — Oil tanker owners are snapping up vessels that can haul cargoes in icy seas, a development that could help Moscow overcome

September 12, 2022
Total Views: 6759

Friday, September 9, 2022
tanker underway at sea from the bridge
Shipping

EU Ban on Russian Fuel Imports Seen as Boon for Global Tanker Demand

By Jack Wittels (Bloomberg) — The European Union’s ban on Russian fuel imports is likely to actually increase the world’s need for oil tankers,

September 9, 2022
Total Views: 6421

Product Tanker Markets Are Humming: This Time It Could Be Different
Shipping

Product Tanker Markets Are Humming: This Time It Could Be Different

By Barry Parker (gCaptain) – “All of these markets are humming” was the report from Lars Dencker Nielsen, the Commercial Director     

September 9, 2022
Total Views: 1895

Thursday, September 1, 2022
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Big Names Livening Up the Tanker Party

By Barry Parker (gCaptain) – Moving deep into 2022’s Q3, the shares in listed tanker companies have been dominating investor interest, as attention has

September 1, 2022
Total Views: 994

Wednesday, August 24, 2022
tanker underway at sea from the bridge
Shipping

U.S. to Continue Record Crude Exports in 2023 as Energy Crisis Deepens

By Sheela Tobben and Devika Krishna Kumar (Bloomberg) — US crude sales overseas are set to hit fresh records through next year as American oil

August 24, 2022
Total Views: 2055

two tankers conduct ship-to-ship transfer
Shipping

Sanctions-Hit Russia Sending Fuel Oil to Asia Using Ship-to-Ship Transfers

MOSCOW, Aug 24 (Reuters) – Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to

August 24, 2022
Total Views: 2801