Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.
Darren Prokop explores the reasons for the huge drop in oil prices and what the ramifications are because of the drop.
An exclusive interview with Lois Zabrocky, CEO of tanker owner International Seaways.
Investors and commodity shippers favor spot contracts, but GHG cuts will require more long-term employment.
An exclusive interview with Greece’s Ioannis Martinos on what’s next for Signal Ocean.
Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.
VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.
For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
Trucking stands to gain, rail to lose if project moves forward.
Time-charter rates can offer a clearer view on future sentiment than headline-grabbing spot rates.
As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.
The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.
Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.
If U.S. crude output were to lose momentum, it would be felt by tanker owners much more so than before.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
Geopolitical and trade tensions are having an increasing effect on shipping rates.
Middle East tanker attacks could spur oil importers to bring forward purchases, increasing shipping demand.
Is a recovery near for VLCC crude tanker spot rates? Not yet, warns an an analyst at VesselsValue.
If a trade war pares GDP growth, OPEC cuts may be extended, weighing tanker rates.
There are some positive signs for shipping rates, but overall, disappointment prevails.
NYSE-listed Diamond S Shipping brings an experienced management team back into the public arena.
There are reasons to be optimistic about rates in both the crude and product tanker sectors – and INSW’s fleet spans both categories.
Crude tanker owner DHT Holdings believes the stage is now set for a pronounced upswing in rates.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
