BP said it’s going to pause all tanker shipments through the Red Sea ... were halting traffic amid concern over Houthi attacks. Oil futures were trading around $72 per barrel in electronic ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

Here's what we know. This stranded Venezuelan oil tanker is a potential disaster. Here's what we know. We still don’t know the full impacts of the BP oil spill, 10 years later We still don’t ...

Gov. Tate Reeves announced the grants for GOMESA, Restore Act and other money and said his priority is to “spend money now ...

The U.S. unveiled a multinational naval force to protect merchant vessels in the Red Sea after Houthi rebel attacks threatened the Suez Canal’s central role in global trade. On Monday, the ...

Charterers were also able to grab the upper hand in the suezmax market, pushing down average earnings 3% to $44,795 per day, ...

The world's major oil and gas companies have mostly vowed to stop leaking the extremely potent greenhouse gas methane into the atmosphere, but big loopholes in their pledges risk "exacerbating the ...

A cargo of Russian oil appears to have been switched between ocean-going tankers near a Spanish exclave in north Africa, ...

Except for oil/ore and OBO-carriers (which are less frequently ordered today anyway), tankers spend half their sea time sailing in ballast with the machinery developing relatively lower power.

Western Firms Before the war, the vast majority of insurance of Russian oil tanker shipments was provided by western firms that are part of the International Group of Protection & Indemnity Clubs.

“Europe cannot trust Russia anymore after what happened,” he told TradeWinds. Tanker owners will still benefit from this ...

“Shadow tankers” from Russia are transporting oil cargo worldwide with a bulk bound for Asia, dramatically raising the risk of collisions and oil spills, an independent think tank has warne ...