Oil Tankers

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders'

By Angela Cullen Jan 12, 2025 (Bloomberg) –An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has

The disabled tanker EVENTIN, potentially part of the so-called shadow fleet, has been brought under control after several hours adrift off the Baltic Sea coast

(Bloomberg) — An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa port in the Red Sea after Israeli air raids damaged

U.S.-listed tanker stocks rallied sharply on Tuesday, with some shares jumping as much as 10% after the Pentagon added several Chinese maritime giants to its

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying

The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker to be registered for demolition in more than two

Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top

A Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another

Russian Oil major Rosneft has delayed the commissioning of the Vostok Oil project until 2026, in part due to a shortage of ice-capable oil tankers as a result

The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower global demand for oil creates an opportunity for more

A tanker hauling Russian crude from the Baltic Sea to India that was observed heading toward the Shetland Islands — a route that would have taken it on a

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

Captain Avhilash Rawat had just finished dinner when an anti-ship ballistic missile smashed into his oil

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

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

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

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,

After a dark-fleet ship exploded off the coast of Malaysia in May last year, its scorched wreck was sent to an Indonesian scrapyard. Then, last month, its