Oil Tankers

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

Wednesday, August 11, 2021
Shipping

White House Calls on OPEC and Its Allies to Pump More Oil

By Trevor Hunnicutt Aug 11 (Reuters) – U.S. President Joe Biden’s top aides are pressuring OPEC and its allies to boost oil output to

August 11, 2021
Total Views: 1023

Monday, July 19, 2021
Shipping

International Seaways and Diamond S. Shipping Complete Tanker Mega Merger

New York-listed tanker companies International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. (NYSE: DSSI) have completed their merger, creating one of

July 19, 2021
Total Views: 1760

Monday, June 14, 2021
Shipping

The Emirati Oil Deal That Has Infuriated Israeli Environmentalists

By Ari Rabinovitch JERUSALEM, June 14 (Reuters) – The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa

June 14, 2021
Total Views: 3159

Tuesday, June 8, 2021
Shipping

Traders Keep North Sea Crude on Tankers Despite Rally

By Sherry Su (Bloomberg) — Here’s something for oil bulls to chew on as Brent crude trades near $72: tankers are holding several million barrels of

June 8, 2021
Total Views: 1950

Sunday, May 9, 2021
Shipping

Oil Traders Work to Avert Shortages After Cyberattack on Major U.S. Pipeline

By Sheela Tobben and Jeffrey Bair (Bloomberg) — The shutdown of America’s largest fuel pipeline after a cyberattack is threatening to send gasoline

May 9, 2021
Total Views: 4330

Tuesday, April 20, 2021
Offshore

Historic Oil Price Crash Marks One Year Anniversary at $63 a Barrel

By Andres Guerra Luz and Alex Longley (Bloomberg) — Oil fluctuated above $63 a barrel, exactly one year after U.S. benchmark crude futures plunged below

April 20, 2021
Total Views: 1555

Friday, April 16, 2021
Shipping

Canadian Crude Shipped from Newfoundland to U.S. West Coast in Unusual Demand Shift

By Sheela Tobben and Lucia Kassai (Bloomberg) — Canadian oil sellers are sending exports to the U.S. West Coast, an unexpected move prompted by the

April 16, 2021
Total Views: 26893

Wednesday, March 31, 2021
Shipping

Tanker Mega Merger: NYSE-Listed International Seaways and Diamond S. Shipping to Combine

New York-listed tanker companies International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. (NYSE: DSSI) have announced an all-stock merger that will

March 31, 2021
Total Views: 1830

Wednesday, March 24, 2021
Ports

4 Product Tankers Allowed To Dock At Yemen’s Red Sea Port

by Aziz El Yaakoubi (Reuters) – The Saudi-led coalition has allowed four tankers to dock at Yemen’s Red Sea port of Hodeidah, two sources familiar

March 24, 2021
Total Views: 1476

Wednesday, March 17, 2021
Shipping

Supertankers Losing Millions Are a Bullish Vaccine Trade

By Alex Longley and Alaric Nightingale (Bloomberg) — The market for moving oil across the world’s oceans is currently so bad that owners of the

March 17, 2021
Total Views: 2216

News

U.S. Refiners Scale Back on Hiring Ships

By Jonathan Saul and Laura Sanicola (Reuters) – U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of

March 17, 2021
Total Views: 2279

Tuesday, March 16, 2021
Shipping

China Seizes Ships in Sprawling $770 Million Refined Oil Smuggling Ring

BEIJING, March 16 (Reuters) – China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with

March 16, 2021
Total Views: 28185

Tuesday, March 9, 2021
Shipping

Supertankers Losing Almost $7,000 a Day Amid OPEC Cuts

By Alex Longley (Bloomberg) — Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on

March 9, 2021
Total Views: 3061

Monday, March 1, 2021
Finance

VLCC Fire Sale – Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt

By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family

March 1, 2021
Total Views: 4794

Tuesday, February 23, 2021
Shipping

‘Perfect Trips’: Venezuela and Iran Swap Jet Fuel for Gasoline

By Deisy Buitrago and Marianna Parraga CARACAS/MEXICO CITY, Feb 23 (Reuters) – Venezuela is shipping jet fuel to Iran in return for vital

February 23, 2021
Total Views: 6236

Thursday, February 4, 2021
News

2021 – Euronav Predicts Oil Freight Rate Weakness Will Continue All Year

by Charles Regnier (Reuters) – Belgium’s Euronav expects pressure on freight rates to continue until late 2021, the tanker operator said as it

February 4, 2021
Total Views: 2732

Friday, January 29, 2021
Shipping

China Seeks Details About Chinese Crew After Tankers Seized by Indonesia

By Yew Lun Tian and Fathin Ungku BEIJING (Reuters) – China said on Wednesday it was seeking details about 25 of its nationals who were among 61 crew on

January 29, 2021
Total Views: 4390

Thursday, January 28, 2021
Shipping

Oil Tanker Market in Rougher Seas as Supply Surges, Storage Sinks

By Jonathan Saul LONDON, Jan 28 (Reuters) – A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi

January 28, 2021
Total Views: 4572

Monday, January 25, 2021
Shipping

Asian Shipbreakers Await Unemployed VLCCs Amid ‘Attractive’ Scrap Values

By Alex Longley and Alaric Nightingale (Bloomberg) — Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s

January 25, 2021
Total Views: 9713

Wednesday, January 20, 2021
Shipping

Tanker Owners Pay to Move Crude in Wake of Supply Cuts

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively

January 20, 2021
Total Views: 3141