tankers


Friday, December 6, 2024
Shipping

OPEC+ Extends Cuts: Why the Oil Giants Are Delaying Output Rises to Q2 2025

DUBAI, Dec 6 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Friday the OPEC+ decision to push back

December 6, 2024
Total Views: 1312

Tuesday, December 3, 2024
The Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) sails alongside the Chemical/Oil Tanker Overseas Mykonos during a fueling-at-sea. U.S. Navy Photo
Defense

U.S. Navy Increasingly Turning to Commercial Tankers for At-Sea Refueling Operations

The U.S. Navy is increasingly relying on consolidated cargo operations (CONSOL) with commercial tankers to support its global fleet, marking a strategic shift

December 3, 2024
Total Views: 3756

Wednesday, November 27, 2024
wave breaking over tanker
Shipping

Frontline CEO Warns of Shadow Fleet’s Impact on Tanker Market

Frontline plc posted a profit of $60.5 million in the third quarter of 2024 despite challenging market conditions. The tanker shipping giant reported revenues

November 27, 2024
Total Views: 1924

Shipping

Trump’s Tariff Plan Has No Exemption for Oil Imports

U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on

November 27, 2024
Total Views: 1293

Friday, November 15, 2024
Shipping

U.S. Maritime Industry Leader Proposes Innovative Funding Plan for Expanded Domestic Tanker Fleet

In a thought-provoking LinkedIn post, Sam Norton, CEO of Overseas Shipholding Group, has outlined a compelling proposal to bolster the U.S. maritime industry,

November 15, 2024
Total Views: 2755

Tuesday, November 5, 2024
Shipping

Shell Game on the High Seas: U.S. Busts Turkish National in Venezuela Oil Smuggling Ring

A 37-year-old Turkish national has been apprehended in Miami on charges of conspiring to violate U.S. sanctions on Venezuela and the Maduro regime. The arrest

November 5, 2024
Total Views: 2131

Monday, November 4, 2024
Shipping

Pipeline Pressure: Texas Shale Surge Pushes Gulf Coast Crude Prices Higher

By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) – The difference in prices for U.S. shale oil in West Texas and at Houston has

November 4, 2024
Total Views: 1268

Wednesday, October 30, 2024
Shipping

Why STNG’s Wager on DHT Could Signal a Tanker Market Rebound

By Barry Parker (gCaptain) – In recent months, the froth has come off the prices of tanker shares. In the highly cyclical world of shipping stocks, when

October 30, 2024
Total Views: 806

Tuesday, October 22, 2024
An anchored tanker ship at night
Featured

Inside the Shadowy Insurance Market Covering Russia’s Oil Tankers

By Alex Longley, Patrick Sykes and Alberto Nardelli (Bloomberg) — One of the energy market’s open questions since Russia’s invasion of Ukraine has

October 22, 2024
Total Views: 1623

Monday, October 21, 2024
Shipping

Is the Tanker Market Set for a Comeback? Experts Say a ‘November Surge’ Could Be Just the Beginning

By Barry Parkger (gCaptain) – The tanker market session at Capital Link’s Maritime Forum in New York drew a standing-room-only crowd. Although

October 21, 2024
Total Views: 1251

Wednesday, October 16, 2024
Offshore

Guyana Moves to Diversify Offshore Energy Production as Oil Exports Leap

Guyana has taken a significant step in expanding its offshore oil and gas production, with energy giants TotalEnergies, Qatar Energy, Petronas, Cybele Energy,

October 16, 2024
Total Views: 1640

Tuesday, October 15, 2024
Shipping

Red Sea Shipping Crisis: Oil Flows Through Bab el-Mandeb Plummets By Over Half in 2024

The flow of crude oil and oil products through the strategic Bab el-Mandeb Strait has plummeted by over 50% in the first eight months of 2024, according to the

October 15, 2024
Total Views: 1913

Wednesday, October 9, 2024
Shipping

Geopolitical Volatility Fuels Surge in Tanker Rates

With tensions in the Middle East ratcheting upward again, the tanker market is taking notice. In a weekly market opinion piece titled “Tankers in

October 9, 2024
Total Views: 950

Tuesday, October 8, 2024
Satellite imagery captured by the European Space Agency's Copernicus Sentinel-2 shows three tankers at Iran's Kharg Island export terminal, October 8, 2024.
Shipping

Iran Is Still Shipping Crude Oil From Kharg Island Export Terminal

By Julian Lee (Bloomberg) — Iran is still exporting crude oil from its main Kharg Island terminal even after a flotilla of oil tankers fled nearby

October 8, 2024
Total Views: 1766

Friday, September 20, 2024
Shipping

Disruption Drives Shipping: How Geopolitical Tensions and Market Volatility Are Reshaping Global Maritime Trade

(gCaptain) – One presenter at a recent seminar, produced jointly by law firm Reed Smith and class society DNV, Jakub Walenkiewicz, the Principal Market

September 20, 2024
Total Views: 1094

Wednesday, September 11, 2024
Shipping

Maersk Tankers Launching New Chemical Tanker Pool

Maersk Tankers, a global leader in the shipping industry, is set to launch a new chemical tanker pool on October 1st, expanding its services and strengthening

September 11, 2024
Total Views: 1938

Shipping

Peninsula Launches Independent Tanker Company to Expand Freight Operations

London-based marine fuels supplier Peninsula has announced the creation of Hercules Tanker Management (HTM), a new independent entity that will take over

September 11, 2024
Total Views: 929

Tuesday, September 10, 2024
Shipping

US-Listed Tanker Companies Ramp Up Share Repurchases

A number of notable US-listed tanker companies have announced significant share repurchase programs this week, signaling confidence in the sector despite

September 10, 2024
Total Views: 1260

Monday, September 9, 2024
Shipping

Tankers: An Upward Spurt in The Offing?

(gCaptain) – Over the past 2½ years, the tanker market has received much attention and brought good fortune to investors who jumped aboard following the

September 9, 2024
Total Views: 1304

Friday, August 30, 2024
Shipping

Frontline Anticipates Seasonal Upturn in Tanker Market

Frontline plc (NYSE: FRO), a major player in the tanker industry, has reported its Q2 2024 earnings of $0.62 per share, matching the previous quarter’s

August 30, 2024
Total Views: 971