Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a…
tanker rates
Is the Tanker Market Set for a Comeback? Experts Say a ‘November Surge’ Could Be Just the Beginning
By Barry Parkger (gCaptain) – The tanker market session at Capital Link’s Maritime Forum in New York drew a standing-room-only crowd. Although market excitement has waned in recent months, panel…
US-Listed Tanker Companies Ramp Up Share Repurchases
A number of notable US-listed tanker companies have announced significant share repurchase programs this week, signaling confidence in the sector despite recent market volatility. International Seaways, Inc. (NYSE: INSW) on…
https://gcaptain.com/us-listed-tanker-companies-ramp-up-share-repurchases/
High Tanker Rates Hit U.S. Crude Exports to Asia
By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the lowest in over two years…
https://gcaptain.com/high-tanker-rates-hit-u-s-crude-exports-to-asia/
Tanker Rates Plunge as OPEC+ Cuts Curb Vessel Demand
By Sherry Su, Sheela Tobben and Bill Lehane (Bloomberg) — Oil supply cuts by some of the world’s top producers are curbing the need for tankers, leading to a decline in…
https://gcaptain.com/tanker-rates-plunge-as-opec-cuts-curb-vessel-demand/
Supertanker Earnings Plunge on Reduced Crude Supplies
By Alex Longley and Sharon Cho (Bloomberg) — Earnings for giant supertankers carrying crude are slumping as OPEC+ production cuts and reduced releases from US reserves curb seaborne volumes. Ships capable…
https://gcaptain.com/supertanker-earnings-plunge-on-reduced-crude-supplies/
Surging Shipping Costs Threaten Next Energy Crunch
By Ann Koh (Bloomberg) — Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential fuels this winter. Ships are carrying liquefied…
https://gcaptain.com/surging-shipping-costs-threaten-next-energy-crunch/
Tanker Market May A Get Sudden Boost If Iran Nuclear Deal Is Reached
By Sharon Cho (Bloomberg) –Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers…
https://gcaptain.com/tanker-market-may-a-get-sudden-boost-if-iran-nuclear-deal-is-reached/
Tankers See Strongest Market in 25 Years
By Kwaku Gyasi and Alex Longley (Bloomberg) — Tankers hauling everything from diesel to gasoline are experiencing a period of strength not seen in at least 25 years, buoyed by robust…
https://gcaptain.com/tankers-see-strongest-market-in-25-years/
Inflation Hits Oil Tanker Newbuild Prices Hard
Crude oil tanker owners’ shares are up today on news that increasing newbuild rates are driving up the value of existing fleets and could prevent the others from overbuilding. Overseas…