Latest News for: Tanker ship

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Performance Shipping extends aframax charter at lower rate

Splash24/7 23 Jan 2025
Greece’s Performance Shipping has extended the time charter contract for an aframax tanker with Glencore subsidiary ST Shipping & Transport ... Looking ahead, we remain constructive on the tanker ...
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US sanctions drive up freight costs for Russian ESPO blend oil

Invezz 23 Jan 2025
Traders reported that the cost of shipping oil from Kozmino port to China on Aframax tankers, which have a capacity of around 100,000 tons, has surged to between $6.5 million and $7.5 million, according to the report.
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Russian Oil Freight Rates Soar on Sanctions-Driven Tanker Shortage

gCaptain 23 Jan 2025
The cost of oil shipping from Kozmino port to China on Aframax tankers, which can carry some 100,000 metric tons, has jumped to $6.5 million-7.5 million from $1.5 million on average at the end of the last year, traders said.
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How Biden trumped India before Trump with his oil sanctions

The Times of India 23 Jan 2025
... announced sanctions on two Russian oil producers — Gazprom Neft and Surgutneftegas — along with 183 vessels that are primarily oil tankers that have been shipping millions of barrels of Russian crude.
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Nordic American Tankers sells one vessel and takes another with purchase option

Splash24/7 23 Jan 2025
Suezmax specialist Nordic American Tankers (NAT) is adding a leased vessel to its owned fleet and shipping out one of its oldest tankers ... fleet will stand at 19 suezmax tankers.
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Seacon Shipping hires ex-ExxonMobil freight trader to lead tanker business

Tradewinds 23 Jan 2025
Hong Kong-listed Seacon Shipping Group is building up its ...
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New report highlights shipping’s weak position within the global energy transition

Splash24/7 23 Jan 2025
The report finds the shipping sector faces substantial supply-side risks linked to carbon-intensive vessels becoming obsolete and demand-side risks linked to decreased fossil fuel demand ... ships.
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Seacon Shipping hires ex-ExxonMobil freight trader for tanker desk

Tradewinds 23 Jan 2025
Hong Kong-listed Seacon Shipping Group is building ...
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Top court takes steps to improve foreign case handling

ECNS 23 Jan 2025
In April 2019, the Qingdao Maritime Court in Shandong province facilitated a settlement among parties and stakeholders from six countries in a case involving a 300,000-metric-ton oil tanker, allowing the continuation of the ship sale contract.
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Authorities say 66 migrants arrive on Crete after sailing from the Libyan coast

Ekathimerini 23 Jan 2025
Of those, 29 people – 10 from Sudan, 10 from Pakistan, five from Bangladesh and four from Egypt – had been picked up by a passing Philippines-flagged tanker ship dozens of miles south of Gavdos on Wednesday.
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Oil Tanker Vessel Deliveries Plummet 74% in '24

MarineLink 22 Jan 2025
Compared to 2023, the capacity delivered dropped by 74%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO ... “Low deliveries and recycling of ships have caused the crude tanker fleet to age considerably.
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Oil Tankers Reroute to Russian Pacific Port Hobbled by Sanctions

gCaptain 22 Jan 2025
Most ships typically used for the trade are Aframaxes, which have capacity of around 750,000 barrels. At least two tankers with Hong Kong-listed owners have started plying the route, according to ship-tracking data compiled by Bloomberg.

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