A month-long odyssey has ended for a VLCC reported to have lifted Russian crude from sanctioned Sovcomflot tankers last month ...

As previously announced on March 12, 2024, all three newbuilding LR2 Aframax tankers have been chartered to Clearlake Shipping Pte Ltd. for a period of five years, upon delivery of the Vessel, at a ...

the average one-year charter rate for Aframax tankers increased from US$41,700 per day to US$44,300 per day. The three-year charter rates for oil tankers have also risen, increasing from US$30,400 ...

Smaller and more agile tankers are playing an increasingly important role in the transport of Iranian oil to China, as the illicit trade faces mounting pressure from US sanctions. Aframax and ...

there has been a marked increase in ship-to-ship transfers of oil at sea. This shift has also necessitated a greater reliance on Aframax and Suezmax tankers, which are smaller than supertankers ...

Being in the tanker industry ... the previous one would also incur floating storage needs as Iranian oil would back up. Look at the other side of this, the removal of sanctions altogether would ...

OSLO, March 2 (Reuters) - Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel to ...

India has imported its first-ever cargo of Argentinian Medanito crude as refiners seek alternatives to sanctioned oil from Russia. The Offen Group-controlled 105,000-dwt aframax Sigma Triumph ...

and 18 LR2/Aframax tankers, with a total capacity of approximately 17.8 million DWT. "The fourth quarter of 2024 came in unusually soft compared to previous years. Global oil demand was up ...

Reported revenues of $425.6 million for the fourth quarter of 2024. * Achieved average daily spot time charter equivalent earnings ("TCEs")(1) for VLCCs, Suezmax tankers and LR2/Aframax tankers in the ...