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.
