Latest News for: Tanker trades


Upstart Indian shipper helps get Russian oil to market

Live Mint 29 Jan 2023
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.

How Russia dodges oil sanctions on an industrial scale

Economist 29 Jan 2023
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.

French MR Tanker to be Retrofitted with Rotor Sails

The Maritime Executive 26 Jan 2023
“The Norsepower Rotor Sail™? 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™? ...

Tristar Group: A partner of choice for top international oil companies

Gulf News 26 Jan 2023
Business highlights. Road transport and warehousing ... Surface transport. Aviation fuel ... Tristar’s shipping business owns and/or operates more than 30 chemical, oil and gas tankers and bulk carriers that trade globally, mostly with oil majors. These include an LNG carrier and six new build 25,000 MT DWT, IMO Type 2 Oil and chemical tankers ... LNG and LPG ... .

Tankers for the Pacific Fight: A Crisis in Capability

The Maritime Executive 24 Jan 2023
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.

India’s proposed ship age limits to have negligible effect on the global merchant fleet

Splash24/7 24 Jan 2023
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.

Ton-mile demand generated by Russian crude oil exports has tripled since the start of the ...

Splash24/7 23 Jan 2023
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.

Man arrested for misappropriation of diesel

Malaysian National News Agency 22 Jan 2023
... 4,000 litres of diesel in a tanker lorry during an inspection by the Ministry of Domestic Trade and Living Costs at a petrol station on Jalan Lebuhraya Butterworth-Kulim, here yesterday.

Man arrested in Bukit Mertajam for misappropriation of diesel

The Star 22 Jan 2023
A man was arrested for allegedly attempting to ...

Buy Danish: Norden’s lucrative trading arm valued at ‘next to nothing’, Clarksons says

Tradewinds 18 Jan 2023
... rating, believing it is “trading its way to the top”.

Euronav Files for Emergency Arbitration Against Frontline

The Maritime Executive 18 Jan 2023
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 ... ....

The top Biden lawyer with his sights on Apple and Google

Politico 18 Jan 2023
... with Lina Khan, the hard-charging chair of the Federal Trade Commission ... 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.

Why shipowners are not investing in tanker and bulker newbuildings

Seatrade Maritime News 16 Jan 2023
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.

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