It took control of two dozen tankers after the Russian... Some major Western shipping firms, including one of Greece’s largest, are moving Russian crude, too, trading oil under the price cap.A Sovcomflot spokesperson didn’t respond to queries.Among those providing tankers is Gatik.
In the year since the war in Ukraine began, once-dominant Western firms have pulled back from trading, shipping and insuring Russian oil ...Battered tankers as much as half a century old sail to clandestine customers with their transponders off ... a novel cast of traders, a vast and growing tanker fleet, and new sources of finance.
“The Norsepower RotorSail™? is widely recognized as a proven solution for sea-going vessels, and we believe that our MR tanker Alcyone will benefit from significant efficiency gains and help us reduce our CO2 emissions.” ... “The Norsepower Rotor Sail™? ...
The Department of Defense is projected to need on the order of one hundred tankers of various sizes in the event of a serious conflict in the Pacific... Militarily useful tankers for U.S ... There will be significant but unpredictable impacts on oil markets, tanker markets, and trade flows upon which to base assumptions on tanker availability.
On the wet market, India is responsible for 12% of the world’s seaborne crude oil trade and 7% of the world’s seaborne oil product trade. Only about 7% of the global bulker fleet and almost 4% of the tanker fleet is older than 21 years old, according to Xclusiv, while just 3% of boxships trading today are older than 29.
Analysts at New York-based tanker brokers Poten & Partners have crunched the numbers to highlight how dramatically Russia’s oil exports have changed in the 11 months since the start of the invasion of Ukraine. Contained in a new report are many startling statistics which neatly encapsulate how the tanker trades were turned on their head in 2022.
Euronav confirmed that it is filing for “emergency arbitration,” against Frontline in the ongoing battle over the tanker company’s decision not to proceed with the combination of the companies, which would have resulted in the largest publicly-traded operator of crude oil tankers ... ....
... with LinaKhan, the hard-charging chair of the FederalTradeCommission ... Khan, his counterpart at the Federal Trade Commission, is a 33-year-old think-tanker who first came to prominence by writing a law-review paper in her late 20s arguing for an antitrust case against Amazon.
In a discussion on where shipping markets were headed in 2023 the container sector is still waiting to settle on a new normal, while volatile bulker and tanker markets make investments in newbuildings uncertain ...Russian aggression disrupts tanker trades, spot fixtures down 8% ... But for tankers, for now, it still looks very expensive,” he said.