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
(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
Overseas Shipholding Group, Inc. (OSG) has announced its agreement with BP Oil Shipping Company, USA, to purchase the tank vessel Alaskan Frontier. The Jones
John Fredriksen’s Frontline has announced its acquisition of two dozen Very Large Crude Carriers (VLCCs) from Euronav, solidifying its position as the
LONDON/MOSCOW, Oct 4 (Reuters) – Russia’s leading tanker group Sovcomflot has transferred dozens of ships into a new Dubai based
(Bloomberg) — Buyers are shipping grains and oil from further and further away after Russia’s invasion of Ukraine disrupted traditional trade routes.
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
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
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.
Oslo-based AMSC and Maritime Partners have signed a share purchase agreement for Maritime Partners’ purchase of American Tanker Holding Company (ATHC), a
By Alaric Nightingale (Bloomberg) — Iran’s oil exports are surging this month, swelling global flows at a time when other producers are cutting back,
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
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,
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
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
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
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
Scorpio Tankers has secured commitments for a $1 billion term loan and revolving credit facility, which will be used to finance 45 unencumbered product
By Anthony Di Paola (Bloomberg) — A last tanker that had been waiting in the Mediterranean Sea for nearly three months to load Kurdish crude
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
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
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