Tanker Trades

Latest News for: Tanker trades

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Chemical tanker owners need ‘the guts’ to stay away from ‘easy’ trades

Tradewinds 04 Jul 2022

... product tanker “swing tonnage”, according to Niels Stolt-Nielsen.

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Hafnia welcomes TRF to newly launched chemical pool

Splash24/7 03 Jul 2022

Oslo-listed product tanker specialist of BW Group, Hafnia, has recently launched its newly established chemical pool with US owner Transportation Recovery Fund (TRF) as first member.

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UNCTAD: War in Ukraine Disrupts Global Supply Chains

The Maritime Executive 02 Jul 2022

“Global trade depends on a complex system of ports and ships that connect the world ... With trade restrictions and shifts in trading patterns leading to a surge in ton-mile demand, daily rates for smaller-size tankers that are key for regional oil trading in the Black Sea, Baltic Sea and Mediterranean Sea regions, have dramatically increased.

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Reederei Gerdes Orders Second Damen Combi Freighter 3850

The Maritime Executive 02 Jul 2022

The vessel carries 3830 tonnes of load ... intends to employ the ship in the European coastal trade ... Damen Cargo Vessels, located in Drachten, the Netherlands, serves ship owners in the short sea trading with standardised designs for combi freighters, tankers and container feeders, building in stock and where needed to client specification ... ....

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DHT Holdings, Inc. announces share buyback

Eagle-Tribune 01 Jul 2022

HAMILTON, BERMUDA, July 1, 2022 – DHT Holdings, Inc ... The shares have been retired upon receipt. About DHT Holdings, Inc. DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment ... www.dhtankers.com ... .

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China’s Net-Zero Ambitions for Domestic Shipping Need Tough Policies

The Maritime Executive 01 Jul 2022

For both scenarios, the fleetwide CO2 emissions could peak before 2040 ... In 2018, China had a total of 1,832 dry bulk carriers with a total deadweight capacity of 62.5 million metric tonnes in its coastwise trades. The country also has 1,296 domestic oil tankers with a total capacity of 1.02 million deadweight working in domestic coastal trading ... ....

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'Tug of war' between Russia and Iran forecast as changes projected for 'shadow fleet'

Tradewinds 30 Jun 2022

Barry Rogliano Salles (BRS) said in its monthly tanker market note that with Russia-connected ships facing port and insurance bans and the return of Iranian oil ...

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Drastically altered suezmax trading patterns in the spotlight

Splash24/7 30 Jun 2022

The massive changes in trading patterns for the world’s suezmax tanker in the wake of the war in Ukraine are becoming clearer. Summing up the altered trading dynamics eloquently, Norwegian broker Fearnleys noted in its most recent weekly report ... “The new trade patterns ...

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War in Ukraine raises global shipping costs, stifles trade

B & FT Online 30 Jun 2022

The UN Conference on Trade and ... “Maritime trade disrupted ... Daily rates for smaller-size tankers, which are key for regional oil trading in the Black Sea, Baltic Sea and Mediterranean Sea regions, have dramatically increased ... Policy actions needed to keep global trade flowing.

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Libya said to have halted oil exports from key ports of Es Sider and Ras Lanuf

Tradewinds 30 Jun 2022

... in a move likely to impact the aframax and suezmax tanker markets.

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Argent is geared up for growth locally and abroad

Independent online (SA) 30 Jun 2022

Argent Industrial is a holding company that derives its income from manufacturing and trading of steel and steel-related products, automotive and properties. The company is organized into three operating divisions, namely manufacturing, steel trading ... The company has a global customer base and has been trading since 1967.

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UNCTAD reports on how the war in Ukraine is hiking shipping costs worldwide

Splash24/7 29 Jun 2022

In a new report the UN Conference on Trade and Development (UNCTAD) has detailed how the war in the Ukraine is increasing the cost of shipping around the world ... Daily rates for smaller-size tankers, which are key for regional oil trading in the Black Sea, Baltic Sea and Mediterranean Sea regions, have dramatically increased.

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Despite appearances, the Russia sanctions are working

The Hill 29 Jun 2022

Major international oil companies and trading firms have shunned Russian crude due to reputational concerns, and many tanker operators avoid carrying Russian crude or refined products for fear of not being able to unload them ... However, loopholes in remaining trade with the ...

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Ukraine war stifling Black Sea trade, logistics, swelling global vessel demand: UN

Anadolu Agency 28 Jun 2022

The UN agency said Ukraine’s trading partners have been forced to turn to other countries for the commodities they import ... Daily rates for smaller tankers, vital for regional oil trading in the Black Sea, Baltic Sea and Mediterranean Sea regions, have dramatically increased.

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Product tanker rates soar to heights not seen since the start of the pandemic

Splash24/7 23 Jun 2022

“Product tankers continue to rake in sky-high earnings, buoyed by stellar refining margins and a strong backhaul element on main routes such as the TC1 for LR2 tankers trading between the Middle East Gulf to Japan and the TC5 for LR1 tankers trading on the same route ... Scorpio Tankers is trading at some $36 – up around 170% in six months.