Risk of accidents in focus as ‘shadow’ fleet grows Stirs fears of oil spills, decades after Exxon Valdez Hundreds of ships carry oil from sanctioned nations Many ship certifiers and insurers have pulled services […]
Sky-high oil tanker rates are weighing on physical crude trade. On Monday, the earnings on the benchmark key crude oil trading route hit $100,000 per day. Falling premiums on spot prices for various crudes, however, […]
Tankers carrying 22 million barrels of Russian, Iranian and Venezuelan oil are piling up off China, according to Kpler, as the country battles a virus outbreak that’s sapping demand and causing logistics problems. China has […]
Headline trading on the forward freight agreement markets and uncertainty on the physical voyage charter sector were the first impacts on the Americas tanker markets from Russia’s military invasion of Ukraine. Since the level of […]
The spot charter rates for shipping U.S. liquefied natural gas to Europe have just turned negative, suggesting that there are now too many LNG vessels in the Atlantic region but fewer requirements, according to LNG […]
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