Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
Suezmax and LR rates rise amid the ongoing geopolitical ‘noise’
Mid-sized tanker demand is on the upswing, buoying rates for suezmax crude tankers and LR1 and LR2 product tankers. The outlook remains as uncertain as ever, to both the upside and downside, given how the geopolitical backdrop for tanker trades could change
Why Trump may be about to apply ‘maximum pressure’ to shipping’s fake flag problem
Despite previous US efforts to ramp up sanctions enforcement, Iran’s crude exports remain largely unaffected, but the looming ‘maximum pressure’ campaign promises to change that, putting the US on a collision course with the operators of fraudulent shipping registries
Gambia’s dark fleet gambit sees detentions and sanctions surge
Gambia’s flag registry grew greatly by carrying capacity since 2023, fuelled by injection of dark fleet vessels, most of which are currently under US, EU, or UK sanctions
German seizure of sanctioned tanker ‘not yet legally finalised’
German media outlet Der Spiegel reported that authorities had confiscated the tanker and its cargo, but customs measures are yet to be finalised, Lloyd’s List understands
Reinsurers more relaxed at 1/1 renewals, conference hears
Marine classes among bigger beneficiaries of Decile 10
‘Maximum pressure’ ramps up as Ofac sanctions Chinese ‘teapot’ refinery
The US ramped up the pressure on Iran and purchasers of its oil on Thursday, imposing fresh sanctions on a Chinese ‘teapot’ refinery in Shandong province. Eight tankers and 13 companies and individuals were also designated
Syria’s online seaborne trade reaches new highs
February was a record-setting month in terms of ‘on the radar’ activity with 34 arrivals captured using AIS data, but when accounting for dark activity trade remains at normal levels
Hafnia co-founder steps down
The tanker owner also handed out share options to senior management, including offering chief executive Mikael Skov more than 770,000 shares
Pirates board asphalt tanker in Gulf of Guinea
The Gulf of Guinea has been quieter in terms of piracy activity in recent years, but still remains a kidnapping hotspot
TEN says new Petrobras shuttle tankers should gross $2bn
Nikolas Tsakos-led owner aims to become number one pick for oil majors’ long-term requirements
Diana teams up with Spanish tanker owner for 7,500 cu m LPG carrier newbuilds
‘Modest’ investment will not deflect from core dry bulk business, say sources
Syria’s online seaborne trade reaches new highs
February was a record-setting month in terms of ‘on the radar’ activity with 34 arrivals captured using AIS data, but when accounting for dark activity trade remains at normal levels
The marine market must work together to improve shipping safety
If the International Group of P&I clubs and other maritime industry bodies work with the Together in Safety consortium, the result will be a dramatically improved and sustained safety performance by the shipping industry, says Grahaeme Henderson
VLGC earnings rise double digits
Spot earnings for very large gas carriers are up nearly 30% so far this week after enduring their typical seasonal slowdown
CDB Leasing finances Golar FLNG unit via sale and leaseback
The vessel completed its conversion in 2023 and started operations this year, with BP as charterer
European shipping calls for urgent green transition strategy
European shipping stands at a crossroads, as industry stakeholders call for urgent political action to capitalise on a unique window of opportunity. With over a third of global fleet tonnage, the EU’s maritime sector has the potential to lead the green transition, but industry leaders gathered in Brussels this week for the European Shipping Summit warn that clear regulation, investments in clean fuels and reinvestment of ETS revenues are critical to the bloc’s competitiveness
Crowley’s US-flagged gas carrier to ship LNG from US Gulf to Puerto Rico
Amid the Trump administration’s push to grow the US-flagged fleet, Crowley announced its recently acquired- and- reflagged liquefied natural gas carrier American Energy has secured a long-term contract to deliver US LNG to Puerto Rico
LNG shipping rates have bounced off bottom but they’re still very weak
Good news for LNG shipping: Spot rates have increased substantially from lows reached in recent months. Bad news for LNG shipping: Spot rates are still half of what they normally are, and a true turnaround is unlikely before 2026 at the earliest
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