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/
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/
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/
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/
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/
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/
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/
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…
There may be a deepening energy crisis over the next three years due to the shrinking number of oil tankers. Although some maritime industry insiders thought the long decline in…
https://gcaptain.com/a-shrinking-oil-tanker-fleet-may-deepen-the-energy-crisis/
Data from Vortexa, a platform in the energy industry, shows that Iran, Russia, and Venezuela are all vying to sell oil to Asia. According to the analysis, Russia’s growing exports…
https://gcaptain.com/dark-tanker-market-is-getting-competitive/
By Chunzi Xu and Sheela Tobben (Bloomberg) — The global search for fuel after Russia’s war has thrust the US Gulf Coast into the role of a main supplier to the…
https://gcaptain.com/surging-tanker-rates-make-interesting-case-for-jones-act-fleet/