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A market paradox seems to be forming in the product tanker market. In its latest weekly report, shipbroker Xclusiv said that “the product tanker market has experienced an extraordinary freight rally between early August…
The goal is to equip four vessels with dual-fuel engines and prevent emissions of over 1.2 million tons of carbon dioxide equivalent in 10 years.
Brent crude gained 3.2% to $112.27 per barrel. It has been bouncing between $97 and $112 in recent days on uncertainty about when the war with Iran will allow the global energy industry to…
Our ambition to power our new fleet of Very Large Ammonia Carriers (VLACs) with ammonia has taken an important step forward. Our retrofit project, RIPPLE, has been selected for EU Innovation Fund funding, pending…
Two more tankers have been struck by unidentified projectiles in separate incidents near the Strait of Hormuz and in the northern Persian Gulf, adding to a growing series of attacks...
Iran’s Revolutionary Guards claimed Tuesday that a supertanker caught fire after striking a naval mine south of the Strait of Hormuz, adding to a series of similar claims that have...
(Bloomberg) — A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only a sliver of the dark fleet, as existing contracts, complex compliance checks and sky-high...
The US will turn some “dark fleet” oil tankers into legitimate ships, allowing tankers under sanctions to begin a process to legitimately
Evangelos Marinakis-controlled Capital Tankers has continued to make progress on the financing of its fleet under construction.
US President Donald Trump said on Thursday that Iran was letting 10 oil tankers transit the Strait of Hormuz as an apparent goodwill gesture in negotiations.Tru
Two tankers bound for India sailed through the Strait of Hormuz on Monday, as US President Donald Trump threatened to attack Iran’s power plants unless Tehran d
Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in coming days after a pause in voyages, with no crude oil
The Iranian Government has agreed to provide Bangladesh-registered tankers carrying oil and LNG with safe passage through the Strait of Hormuz, Bangladeshi news
India has seized three US-sanctioned tanker ships linked to Iran this month and stepped up surveillance in its maritime zone to curb illicit trade, a source wit
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