Oil Tankers

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Aug 30 (Reuters) – OPEC+ is set to proceed with a planned oil output hike

Product tanker contracting so far in 2024 has reached an 18-year high, marking a 17% increase compared to the previous year, according to BIMCO. The world’s

The National Shipping Company of Saudi Arabia (Bahri) has announced a significant step in its fleet modernization strategy with the acquisition of nine Very