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tankers


Friday, October 13, 2023
tanker at sea
Shipping

Exxon Saddled With US-Sanctioned Oil Tanker

(Bloomberg) — Exxon Mobil Corp. is the current charterer of a tanker that was sanctioned by the US Treasury Department on Thursday for a previous breach

October 13, 2023
Total Views: 10476

M/T Alaskan Frontier. Photo courtesy OSG
Shipping

OSG Acquires Tanker Alaskan Frontier for Expansion in Alaska

Overseas Shipholding Group, Inc. (OSG) has announced its agreement with BP Oil Shipping Company, USA, to purchase the tank vessel Alaskan Frontier. The Jones

October 13, 2023
Total Views: 2288

Monday, October 9, 2023
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

John Fredriksen’s Frontline Becomes Largest Pure Play Tanker Company

John Fredriksen’s Frontline has announced its acquisition of two dozen Very Large Crude Carriers (VLCCs) from Euronav, solidifying its position as the

October 9, 2023
Total Views: 3816

Wednesday, October 4, 2023
Sovcomflot ship bridge
Shipping

Russia’s Sovcomflot Reorganizes Tanker Management to Boost Trade

LONDON/MOSCOW, Oct 4 (Reuters) – Russia’s leading tanker group Sovcomflot has transferred dozens of ships into a new Dubai based

October 4, 2023
Total Views: 752

Wednesday, September 27, 2023
War Forces Grain and Oil to Travel Record Distances, UN Says
Shipping

War Forces Grain and Oil to Travel Record Distances, UN Says

(Bloomberg) — Buyers are shipping grains and oil from further and further away after Russia’s invasion of Ukraine disrupted traditional trade routes.

September 27, 2023
Total Views: 555

Monday, September 25, 2023
tanker at sea
Shipping

Russia Still Relies on Europe for Shipping its Oil 

By Alex Longley (Bloomberg) — Russia is still relying on European shipping to transport its oil even as the country’s supplies exceed Group-of-Seven

September 25, 2023
Total Views: 1705

Thursday, September 21, 2023
FILE PHOTO: A pipe yard servicing government-owned oil pipeline operator Trans Mountain is seen in Kamloops, British Columbia, Canada June 7, 2021. REUTERS/Jennifer Gauthier/File Photo
Shipping

Canada’s Mega Pipeline Promises to Redraw Global Oil Flows

By Lucia Kassai and Robert Tuttle (Bloomberg) — Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next

September 21, 2023
Total Views: 9678

Monday, September 18, 2023
The Stena Immaculate and Stena Imperative, which have both been selected for the Tanker Security Program. Photo courtesy Crowley
Shipping

Military Sealift Command Awards Tanker Charters

The U.S. Navy’s Military Sealift Command has awarded contracts for the time charter of three U.S.-flag tankers that are also enrolled in the U.S.

September 18, 2023
Total Views: 5419

Tuesday, August 22, 2023
File photo of a product tanker underway at sea
Shipping

Maritime Partners to Acquire AMSC’s Jones Act Tanker Fleet

Oslo-based AMSC and Maritime Partners have signed a share purchase agreement for Maritime Partners’ purchase of American Tanker Holding Company (ATHC), a

August 22, 2023
Total Views: 2056

Monday, August 21, 2023
Ship Tracker Reveals Iran’s Surging Oil Exports
Shipping

Ship Tracker Reveals Iran’s Surging Oil Exports

By Alaric Nightingale (Bloomberg) — Iran’s oil exports are surging this month, swelling global flows at a time when other producers are cutting back,

August 21, 2023
Total Views: 3411

FILE PHOTO: The tanker SCF Irtysh pictured on May 10, 2017. Photo credit: MartinLueke/Shutterstock
Shipping

Russia Ships Naphtha to China Via Northern Sea Route

MOSCOW, Aug 21 (Reuters) – Russia is shipping a rare naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to

August 21, 2023
Total Views: 7005

Wednesday, August 9, 2023
File photo of an oil tanker at sea
Shipping

Tanker Rates Plunge as OPEC+ Cuts Curb Vessel Demand

By Sherry Su, Sheela Tobben and Bill Lehane (Bloomberg) — Oil supply cuts by some of the world’s top producers are curbing the need for tankers,

August 9, 2023
Total Views: 1889

Thursday, July 27, 2023
Scorpio Tankers
Shipping

Ukraine Conflict and EU’s Ban on Russian Oil Products Drive Surge in Product Tanker Orders

The war and Ukraine and EU’s ban on Russian oil products is driving product tanker rates higher, contributing to a surge in newbuild orders. The product

July 27, 2023
Total Views: 863

Monday, July 10, 2023
Nigeria to Destroy Tanker Caught Smuggling Crude Oil
Shipping

Nigeria to Destroy Tanker Caught Smuggling Crude Oil

LAGOS, July 10 (Reuters) – Nigeria’s state-owned oil firm NNPC Ltd said on Monday an 800,000-liter (211,338-U.S. gallon) vessel carrying stolen

July 10, 2023
Total Views: 4890

Friday, July 7, 2023
tanker at sea
Shipping

Saudi Supertanker Backlog Off Egypt is Growing Again

By Prejula Prem (Bloomberg) — Saudi-owned supertankers are once again starting to cluster off the coast of Egypt, after earlier signs this week that the

July 7, 2023
Total Views: 2902

Wednesday, July 5, 2023
oil tanker
Shipping

Saudi Crude Oil Tanker Backlog at Ain Sukhna Begins to Clear

By Julian Lee (Bloomberg) — A backlog of Saudi-owned supertankers that has built up off Egypt’s Red Sea coast is beginning to clear.  The number

July 5, 2023
Total Views: 1085

Tuesday, June 27, 2023
Scorpio Tankers
Shipping

Scorpio Tankers Secures $1 Billion Financing for Fleet Expansion

Scorpio Tankers has secured commitments for a $1 billion term loan and revolving credit facility, which will be used to finance 45 unencumbered product

June 27, 2023
Total Views: 1675

Monday, June 19, 2023
File photo of an oil tanker at sea
Shipping

Last Oil Tanker Waiting to Load Kurdish Crude Sails Empty

By Anthony Di Paola (Bloomberg) — A last tanker that had been waiting in the Mediterranean Sea for nearly three months to load Kurdish crude

June 19, 2023
Total Views: 6877

Friday, June 16, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Tanker Rates from Nigeria Soar as Owners Steer Clear

By Alex Longley (Bloomberg) — The cost of shipping oil from Nigeria surged the most in more than a year at the end of a week in which some owners

June 16, 2023
Total Views: 2773

Wednesday, June 14, 2023
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
Shipping

Global Oil Demand Approaching Peak as Clean Energy Takes Center Stage, Says IEA Report

Growth in the global demand for oil is projected to experience a significant slowdown in the coming years before stalling out this decade amid the transition

June 14, 2023
Total Views: 789
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