Russian oil freight rates soar on sanctions-driven tanker shortage
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
UK, US sanctions force Russia's oil tankers to reflag, Bloomberg reports
A growing portion of Russia's oil tanker fleet is being forced to reflag as U.S. and U.K. sanctions intensify pressure on Moscow's shipping network, Bloomberg reported on Jan. 23. The removal of these flags disrupts Russia's oil export logistics,
Russia Reshuffles Tankers to Keep Shipping Oil to China After US Sanctions
US sanctions on Russian oil exports are prompting Russia to redirect Aframax tankers from western ports to the Far East to service exports of ESPO crude to China.
Oil Tanker Rates Soar as Biden Sanctions Threaten Market Chaos
Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.
Russian oil tankers still under construction included in U.S. sanctions
Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail,
Middlemen Have Halted Russian Oil Cargo Offers After US Sanctions, Indian Refiner Says
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.
Russian Oil Flows Stall as US Sanctions Start to Buffet Tankers
A decline in shipments in the seven days to Jan. 19 kept four-week flows below 3 million barrels a day for a fourth week
Why Indian refiners can’t access Russian oil cargoes
The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,
Fuel tanker truck blast kills at least 85 in Nigeria
The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 86, the country’s emergency response ...
Dozens of oil tankers drop anchor after latest US sanctions bite
At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the ...
Nigerian gasoline tanker explosion death toll rises to 86, with 55 others injured
The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 86, the country’s emergency response ...
The Associated Press on MSN13d
Salvage complete of tanker at center of oil spill scare after being hit by Houthi rebels in Red Sea
An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged.
Newsweek on MSN13d
Oil Disaster Averted After Sabotaged Tanker Is Salvaged
The Greek-flagged, Sounion was first attacked on Aug. 21 with small arms, projectiles, and a drone boat by the Iran-backed ...
Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says
"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...
Marine Link1d
Oil Tanker Vessel Deliveries Plummet 74% in '24
In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight ...
The Royal Gazette1d
DHT reports positive start to 2025 crude oil tanker market
Bermudian-based DHT Holdings Inc, the independent crude oil tanker company operating in the very large crude carrier market, ...