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Tankers & Gas

Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage

Dark fleet shipping sanctioned oil expands to 530 tankers after oil price cap breach

Global oil price gains have pushed prices for all Russian crude grades and diesel over thresholds of $60 per barrel for crude and $100 per barrel for diesel

Sanctions Tankers and Gas Political Risk and Trade

Latest Articles

Crude Tankers

To tackle Putin’s dark oil fleet, enforcement needs to be stepped up

More Russian oil than ever before is being transported on sanctions-circumventing tankers that exploit loopholes in international maritime regulations

Sanctions Tankers and Gas

Shipping urged to unify search for decarbonisation solutions

For all their talk, banks are as averse to risk on expensive ‘greener’ projects as owners are, says owner Aristides Pittas

Containers Finance

International Seaways secures $160m sustainability-linked loan

US-listed crude and product tanker owner International Seaways has entered a $160m revolving credit agreement with a sustainability-linked pricing adjustment. The adjustment is linked to three factors related to fleet sustainability, amount of sustainability-linked investment and the frequency of lost time injuries, consistent with a facility Seaways entered in May last year

Sustainability Finance

The week in charts: Oil cap breach fails to stop compliant shipments from Russia | Limited interest in alternative fuel bulkers | Box spot rates slump

CMA CGM boasts largest dual-fuel methanol boxship orderbook, VLGC rates ease from record-shattering highs, Russia’s Danube offensive fails to dent Ukraine exports, more containerships and bulker sold for recycling as prices jump and Baltic Dry Index hits year-to-date high

Containers Dry Bulk
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Product Tankers

D’Amico eyes improved US investor exposure with OCTQX application

Trading in Milan and in the US OTC Pink Market, d’Amico is seeking to upgrade to OTC Markets’ top tier OCTQX, which requires higher financial and governance standards, and offers greater transparency to investors

Tankers and Gas Product tankers

International Seaways secures $160m sustainability-linked loan

US-listed crude and product tanker owner International Seaways has entered a $160m revolving credit agreement with a sustainability-linked pricing adjustment. The adjustment is linked to three factors related to fleet sustainability, amount of sustainability-linked investment and the frequency of lost time injuries, consistent with a facility Seaways entered in May last year

Sustainability Finance

The week in charts: Oil cap breach fails to stop compliant shipments from Russia | Limited interest in alternative fuel bulkers | Box spot rates slump

CMA CGM boasts largest dual-fuel methanol boxship orderbook, VLGC rates ease from record-shattering highs, Russia’s Danube offensive fails to dent Ukraine exports, more containerships and bulker sold for recycling as prices jump and Baltic Dry Index hits year-to-date high

Containers Dry Bulk

Norden chief executive says asset-light strategy keeps it profitable amid bulker rates slump

Norden attributes its business model that embraces freight trading over vessel ownership to combined profits of more than $1.3bn since 2016

Containers Dry Bulk
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LPG

Vafias orders pair of LPG/ammonia carriers in Japan

Spree running to 33 ships with accent on larger units than before seems to be expansion play more than gradual renewal

Tankers and Gas LPG

VLGC rates ease from record-shattering highs

US propane exports are up 20% year to date, which is helping to offset the newbuilding delivery schedule for very large gas carriers, according to Jefferies. VLGC spot rates fell from their recent record highs, but remain elevated

Tankers and Gas International

Russian diesel ban and Europe’s gasoil shortfall to push demand for product tankers higher

Seaborne flows of middle distillates to recalibrate yet again if Russia’s diesel ban extends through October

Tankers and Gas VLCC

Japan’s three shipping giants team up to carry liquefied hydrogen

The trio plan to put the first large-scale LH2 carrier in operation by 2024

Japan Tankers and Gas
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LNG

Vafias orders pair of LPG/ammonia carriers in Japan

Spree running to 33 ships with accent on larger units than before seems to be expansion play more than gradual renewal

Tankers and Gas LPG

The uses and abuses of fixed premium P&I

Emergence of dark fleet means non-mutual providers may have a larger market share than previously supposed. But participants stress this well-established commercial line is certainly not synonymous with subterfuge

Insurance International

Odjfell to test solid oxide fuel cell on chemical tanker

Odfjell will start testing a solid oxide fuel cell on a chemical tanker to demonstrate that the technology can cut emissions for deepsea ships

Sustainability Tankers and Gas

Seapath and Pilot team up for first US Gulf dedicated LNG bunkering station

Libra Group subsidiary and LNG terminals specialist aim to start serving vessels in Galveston Bay area by mid-2026

LNG Tankers and Gas
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