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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

Tankers: geopolitics will be wildcard, but demand is fundamentally unexciting

Predicting what happens in the second half of the year with tankers (or any other shipping segment) may be a fool’s game, given all of the geopolitical chaos. But the base case for tankers is for steady, uninspiring profitability, as the fundamentals are not particularly strong

Tankers and Gas Mid-Year outlook Political Risk and Trade

Crude Tankers
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Russia redraws territorial waters baseline in Baltic Sea

Tensions in the Baltic are high, but while not necessarily common, the adjusting of baselines is not that unusual and is within a state’s gift

Tankers and Gas Risk and Compliance
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Israel-Iran: seatrade flows even as the bombs fly

Tanker spot rates doubled, premiums for Israel port calls up threefold. And hundreds dead

Red Sea Risk Lloyd List - The View
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Tanker execs lay out Strait of Hormuz scenarios as spot rates double

The Strait of Hormuz remains open and insurance premiums have yet to rise, but there is already a significant effect on spot freight rates for VLCCs, long-range product tankers and very large gas carriers

Tankers and Gas Iran
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Product Tankers

Teo Teng Seng takes helm of Singapore Shipping Association

Teo succeeds former president Caroline Yang after her maximum three consecutive terms spanning six years

Containers People
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Tanker execs lay out Strait of Hormuz scenarios as spot rates double

The Strait of Hormuz remains open and insurance premiums have yet to rise, but there is already a significant effect on spot freight rates for VLCCs, long-range product tankers and very large gas carriers

Tankers and Gas Iran

Japan Engine advances ammonia and hydrogen fuel two-stroke strategy

Third-largest designer of two-stroke marine engines is gearing up for expected high demand for ammonia-fuel engines from bulk carrier, gas carrier and vehicle carrier sectors

Technology and Innovation Fuels
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Landlocked Malawi latest flag targeted by sanctioned tankers

Malawi has emerged as the latest flag registry targeted by the shadow fleet, with four UK- and EU-sanctioned tankers broadcasting AIS messages indicating Malawi as their flag. It is not clear whether the Malawi government is aware and has authorised these registrations

Sanctions Tankers and Gas
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LPG

First two-stroke ammonia engine delivered to Exmar newbuild in South Korea

First two-stroke, ammonia-fuelled engine delivered for lead ship in series of four gas carriers for Nicolas Saverys-controlled shipowner

Decarbonisation Fuels
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Tanker execs lay out Strait of Hormuz scenarios as spot rates double

The Strait of Hormuz remains open and insurance premiums have yet to rise, but there is already a significant effect on spot freight rates for VLCCs, long-range product tankers and very large gas carriers

Tankers and Gas Iran

The week in charts: Red Sea remains 60% lower than normal | Hundreds of voyages to Iraq may be fake | Port congestion pushes up Asia-Europe rates

Red Sea traffic volumes unaffected by US-Houthi ceasefire; Nearly 400 tanker and LPG voyages to Khor Al Zubair in the first five months of 2025 were likely manipulated; Asia-Europe spot rates hit four-month highs; Imports to Los Angeles declined to just 355,950 teu in May

Containers Week in Charts
DATA ANALYSIS

Origin unknown: hundreds of voyages to Iraq may be fake

Amid Ofac’s increasing scrutiny of Iran’s non-crude exports, a Lloyd’s List analysis suggests almost half of calls captured via AIS to Iraq’s Khor al Zubair port were faked, in what is likely an attempt to obfuscate the Iranian origins of oil and gas cargoes

Sanctions Tankers and Gas
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LNG

Dynacom orders six suezmaxes as Trump China scare dissipates

If Greek owners currently seem cautious about penning new orders, pricing and capacity factors may be dampening the deal flow more than presidential dictates

Tankers and Gas Dry Bulk

Samsung Heavy seeks damages from Zvezda over $3.4bn contract cancellation

South Korean builder is seeking damages through arbitration, but says the cancellation will not significantly impact its business backlog or financial outlook

Sanctions Tankers and Gas

TEN ready to shed at least six tankers in second half of year

Imminent deals could yield $100m in cash as US-listed owner eyes further newbuildings

Tankers and Gas Sale and Purchase

South Korean yards cut delivery times as efficiency improves

Improvements have enabled earlier deliveries of important vessel orders and boosted overall yard output. Move comes as US-China tensions have prompted some orders to shift in favour of South Korean capacity

Containers Tankers and Gas
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