Crude Oil News
Oil’s Uncertain Future
Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]
Tanker
International News
Multiple records broken along the Northern Sea Route
Records are being smashed along the Northern Sea Route this year once again. At 4,890 teu, the Flying Fish 1 has become the largest containership to enter Arctic waters, making its way from Europe to […]
Crude Oil News
Sounion salvors prep next stage in race to avert Red Sea environmental disaster
Satellite images confirm the burning Sounion’s new location, 81 km offshore Eritrea in the Red Sea following a delicate towing operation over the weekend. The Delta Tankers vessel remains on fire, according to images sent […]
Crude Oil News
Can Denmark Use International Law to Fight Russia’s Shadow Fleet?
Revisionist powers like to use international law as a weapon. Now the West is thinking creatively, too—to uphold the order, not break it. Small European states, such as Denmark, face daily the threat of an […]
Crude Oil News
Sounion successfully towed away from Yemeni coastline
Salvagers successfully towed a Greek-flagged oil tanker that had been ablaze for weeks following attacks by Yemen’s Houthi rebels to a secure area, preventing any oil spill, the European Union naval mission said yesterday. The […]
International News
Dasin sells seven supramaxes
Dasin, a Dalian-originated outfit working out of Singapore, is selling seven 57,000 dwt Hantong-built bulk carriers leaving it with just two ships in its fleet. All the ships are in the same age group: […]
ESG
MOL, Chevron join forces on first wind-assisted LNG carrier
Japan’s shipping firm MOL and a unit of US energy giant Chevron joined forces on what they say is the world’s first LNG carrier equipped with wind-assisted ship propulsion systems. MOL and Chevron Shipping entered […]
Geopolitical
US adds more Russian gas ships to its sanctions list
The US has added two more Russian-linked LNG carriers and their operators to its sanctions list with the aim of stymying exports from the new Arctic LNG 2 project. The 2007-built 149,700 cu m New […]
Crude Oil News
Salvors assess how best to handle the burning Sounion tanker off Yemen
The on-fire Sounion suezmax is expected to be towed from its location off Yemen today. Two tugs, Hercules and Gladiator, have been primed to carry out the delicate operation. The tanker was hit by multiple […]
Crude Oil News
Russian ships seen obscuring names and IMO numbers while transiting the Bosporus
Russian-linked ships are getting crews to crudely obscure vessel identities, contravening laws established by the International Maritime Organization (IMO). Yörük Işık, who describes himself on social media as an obsessive ship spotter along the Bosporus, […]