Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents.The delays are putting roadblocks on a U.S. plan to quickly boost Venezuela's oil exports following a flagship pact with global trading houses…
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP)…
Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the first half of the year ended 30 June 2026, with a net profit of QAR 857 million compared to QAR 860 million for the corresponding period in 2025…
“So far this year, crude tanker newbuilding contracting has reached 60m deadweight tonnes (DWT) across 234 ships, driven by a surge in orders for Very Large Crude Tankers (VLCCs). This already makes 2026 the year with the highest crude tanker contracting on record…
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners…
VINGA vessel naming ceremony and 40 years of design collaborationcutFOLDER-VINGA-serien-webb.pdf [Full background and tech spec - MR DEC 2026cutVinga VesselA newly built tanker in Furetank's VINGA series will be named at the Port of Uddevalla on 28 August…
China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7…
Stolt-Nielsen Limited opened 2026 with a solid—if more tempered—financial performance, underscoring both the resilience of its diversified logistics portfolio and the mounting pressures facing global chemical shipping markets.The London-based group reported first-quarter revenue of $716…
'By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted…
A Greek‑operated oil tanker has sailed through the Strait of Hormuz, ship tracking data showed on Monday, in a sign that some commercial vessels are still attempting to navigate the vital passage despite the U.S.-Israel war with Iran.The Shenlong Suezmax…
North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo…
Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, two seafarers killed and 150 ships stranded around the Strait of Hormuz.Shipping through the strait between Iran and Oman…
Bahri posted record financial results in 2025, underpinned by a strengthening crude tanker market and a larger, younger owned fleet that increased exposure to improving rate conditions.Full-year revenue reached $10.35 billion, up 9% year-on-year…
U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela…
Frontline plc (NYSE and OSE: FRO) entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence during the period from late-January to April 2026 at a rate of $76,900 per day per vessel.“We are in unprecedented times…
