Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
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: 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
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
Israel-Iran: seatrade flows even as the bombs fly
Tanker spot rates doubled, premiums for Israel port calls up threefold. And hundreds dead
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
Teo Teng Seng takes helm of Singapore Shipping Association
Teo succeeds former president Caroline Yang after her maximum three consecutive terms spanning six years
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
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
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
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
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
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
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
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
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
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
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
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