A chunk of Russia’s oil tanker fleet is being forced to change the flag they sail under as US and UK sanctions heap pressure ...

“In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight tonnes (DWT), joined the fleet. Compared to 2023, the capacity ...

Supertanker rates surged in the aftermath of the U.S. sanctions on Russian oil trade and shadow fleet tankers, with rates for the vessels capable of shipping 2 million barrels of crude doubling in ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

Trump is driving uncertainty in oil markets as he pressures OPEC to boost production while threatening some trade partners ...

VLCC fleet growth went into reverse last year as crude tanker deliveries hit a 36-year low. Shipowners’ organisation Bimco calculated that shipyard handovers fell 74% from 2023, with only 17 new ...

The fuel oil spilled by the Volgoneft-212 oil tanker, which crashed in the Kerch Strait on December 15, was intended for transfer to the tanker FIRN, part of the “shadow fleet” of aging ships that ...

A growing portion of Russia's oil tanker fleet is being forced to reflag as U.S. and U.K. sanctions intensify pressure on Moscow's shipping network, Bloomberg reported on Jan. 23. The removal of these ...

Many others, including four of the six oil majors ... entitled Suezmax Tankers: Myths, Facts and Surprises, the S&P market registered 120 sales from 1990-95 and a fleet of around 370 ships.