tankers

Shipping magnate John Fredriksen has increased his stake in Belgian tanker company Euronav, making him the largest shareholder. According to a filing with the

By Sharon Cho (Bloomberg) — OPEC+’s shock decision to cut oil production isn’t just redrawing the outlook for crude prices, it’s also hit the

Jonathan Saul (Reuters)–Spain has called for tighter scrutiny of oil transfers involving tankers at sea as the number of unregulated ships hit by

By Chunzi Xu and Alex Longley (Bloomberg) — The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s

By Alaric Nightingale and Thomas Gualtieri (Bloomberg) — A United Nations agency that oversees shipping raised concerns about the shadow fleet that has

Asset management giant Oaktree Capital Management has abruptly terminated its sale of 5 million Class A common shares in TORM plc (Nasdaq: TRMD or TRMD A), a

By Bloomberg News (Bloomberg) — Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to

By Arathy Somasekhar HOUSTON, March 20 (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far

Product tanker shipping company Scorpio Tankers (NYSE: STNG) announced Monday that it has exercised purchase options on six ships that will reduce its debt by

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports fell back sharply from the previous weeks’ highs, with Moscow unable to

By Alex Lawler LONDON, March 6 (Reuters) – The United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data

By Barry Parker (gCaptain) – The listed companies running the big fleet of tankers have now reported earnings for 2022’s Q4. As last year ended, the

By Julian Lee, Alberto Nardelli and Slav Okov (Bloomberg) — Millions of barrels of Russian crude and fuels have been switched between tankers just a few

By Asad Zulfiqar (Bloomberg) — A shipping hedge fund founded by a one-time ally of oil tanker billionaire John Fredriksen says the industry is set for

By Asad Zulfiqar and Alex Longley (Bloomberg) — A $2.2 billion fleet of oil tankers has been assembled to keep Russian crude and fuels exports

By Chunzi Xu and Prejula Prem (Bloomberg) — First, a small armada of oil tankers emerged to help Russia beat sanctions. Now hundreds of fuel vessels are

By Barry Parker (gCaptain) – February 5th, when the price caps on Russian refined products kicked in, was a pivotal day for the MR and LR1 tanker

By Julian Lee (Bloomberg) — Russia assembled a huge fleet of tankers to beat western sanctions. They’re struggling to get the job done, writes

By Ira Breskin, NEW YORK– Despite being clunky, sanctions that prohibit shipowners from lifting or transporting certain grades of Russian petroleum and

By Mircely Guanipa and Marianna Parraga PUNTO FIJO, Venezuela, Feb 13 (Reuters) – Venezuela will contract with an Iranian shipyard to build two