Oil Tankers

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

Thursday, April 21, 2022
Shipping

Oil Climbs With Supply Risks Eclipsing China Concerns

By Devika Krishna Kumar and Sheela Tobben (Bloomberg) — Oil rose to settle at its highest in three days in a volatile session as a series of challenges

April 21, 2022
Total Views: 1222

Tuesday, April 12, 2022
Shipping

The ESG and Ship Finance Dance: Hydrocarbons No Longer the Devil?

What a difference a day makes. A day after the announcement of the mega merger between tanker giants Frontline (“FRO”) and Euronav (“EURN”), there were

April 12, 2022
Total Views: 1490

Shipping

Costs to Ship Russian Oil Rise as Daily Rates Near $350,000

By Alex Longley (Bloomberg) — Daily earnings for tankers shipping oil from Russia’s Baltic ports are soaring as shipowners continue to exercise

April 12, 2022
Total Views: 4475

Monday, April 11, 2022
News

Russian Oil Exports Are Forced On Longer Voyages To Find Buyers

By Julian Lee (Bloomberg) Russia’s crude oil exports, a key source of revenue for Vladimir Putin’s regime, are showing no signs that they are starting to

April 11, 2022
Total Views: 4955

Saturday, April 9, 2022
Shipping

East Coast Jet Fuel Prices Continue Ascent, Reinforcements Out At Sea

By Laura Sanicola April 8 (Reuters) – East Coast jet fuel prices are showing no sign of retreat from record levels with nearest reinforcements

April 9, 2022
Total Views: 2296

Thursday, April 7, 2022
Shipping

Tanker Mega-Merger: Frontline and Euronav to Combine in $4.2 Billion Deal

By Terje Solsvik and Victoria Klesty OSLO, April 7 (Reuters) – Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge

April 7, 2022
Total Views: 3257

Thursday, March 31, 2022
Shipping

Biden to Release a Record 1 Million Barrels Per Day from Strategic Petroleum Reserve

WASHINGTON, March 31 (Reuters) – President Joe Biden on Thursday will announce the release of 1 million barrels of oil a day for the next six

March 31, 2022
Total Views: 1538

Tuesday, March 22, 2022
Shipping

New York Sends Diesel Cargo to Europe in Rare Trade Flow Reversal

By Chunzi Xu (Bloomberg) — U.S. fuel markets are getting even tighter as Europe’s scramble for alternatives to Russian diesel flipped New York from a

March 22, 2022
Total Views: 4831

Monday, March 21, 2022
Shipping

Pre-Ban Russian Fuel Oil Cargoes Sail for U.S. Ports

By Chunzi Xu (Bloomberg) — U.S. ports are set to admit more Russian fuel oil than they’ve seen in eight months under contracts signed prior to the

March 21, 2022
Total Views: 8223

Wednesday, March 16, 2022
Shipping

Russian Oil, Fuel Cargoes Rush to U.S. Ahead of Energy Ban

By Arathy Somasekhar HOUSTON, March 16 (Reuters) – At least 10 vessels carrying Russia-linked cargoes of crude and refined products were

March 16, 2022
Total Views: 2175

Monday, March 14, 2022
Shipping

Tanker Carrying Russian Cargo Bound for U.S. Sails to North African Coast

LONDON/ATHENS, March 14 (Reuters) – Marshall Islands-flagged tanker Elli, which made a Russian port call and had been bound for the United

March 14, 2022
Total Views: 51576

Friday, March 11, 2022
Shipping

Medium Range Tankers: Going From ‘Just in Time’ to ‘Just in Case’

There has never been a disclaimer like this (at least that I can remember) on an investor presentation: “Given the rapidly evolving situation, this written

March 11, 2022
Total Views: 8133

Thursday, March 10, 2022
Shipping

Tanker Chartering Documents: Safe Berths, Waiting Time and Elephants in the Room

Discussions about charter parties can be fairly dry…unless the subject is tanker chartering. The Society of Maritime Arbitrators (SMA), based in New York,

March 10, 2022
Total Views: 2954

Monday, March 7, 2022
Shipping

Ukraine Uncertainties Cause Divergent Views for Shipping Markets

With the continued fighting in the Ukraine, and the uncertainties surrounding sanctions, port closings, embargoes, and other disrupters, the shipping markets

March 7, 2022
Total Views: 3673

Friday, March 4, 2022
Shipping

China Welcomes Russian Oil Tankers With Alternative Payment Options

By Chen Aizhu (Reuters) – Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as

March 4, 2022
Total Views: 16065

Thursday, March 3, 2022
Shipping

Russia’s Toxic Oil Sends Tanker Rates Into a Frenzy

By Sharon Cho (Bloomberg) — For clues on how toxic Russian oil has become, look no further than the trade for tankers that export it. It now costs

March 3, 2022
Total Views: 2189

Wednesday, March 2, 2022
Shipping

Russian Oil Disruptions Escalate Causing Global Prices to Rise

By Dmitry Zhdannikov and Julia Payne LONDON, March 2 (Reuters) – Disruptions to Russian oil exports intensified on Wednesday with more

March 2, 2022
Total Views: 1105

Monday, February 28, 2022
Finance

Russian Oil Buyers Struggle To Charter Ships

MOSCOW/LONDON, Feb 28 (Reuters) – Buyers of Russian oil have faced difficulties over payments and availability of vessels after imposition of

February 28, 2022
Total Views: 3493

Friday, February 25, 2022
Ships Shelled in Black Sea as Invasion Sparks Shipping Chaos
Shipping

Ships Shelled in Black Sea as Invasion Sparks Shipping Chaos

By Alex Longley, Archie Hunter and Ann Koh (Bloomberg) — Russia’s invasion of Ukraine has brought turmoil to commodities markets as the conflict

February 25, 2022
Total Views: 20689

News

Tanker Rates Soar Alongside War Risk Premiums

By Koustav Samanta (Reuters) Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies,

February 25, 2022
Total Views: 1381