(Mar 18 2021)
Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships near Singapore or Sri Lanka’s port of Galle.
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(Mar 18 2021)
U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels.
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(Mar 11 2021)
In a pioneering tanker move, Monjasa enables outer anchorage bunker supplies off Cristobal.
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(Dec 17 2020)
Floating storage told the story of the extraordinary moves in oil demand and supply in 2020.
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(Dec 17 2020)
Japan is extending its naval mission in the Middle East by one year until the end of 2021 to protect merchant oil shipping.
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