Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
Euronav charts new course with Alexander Saverys at the helm
The Euronav management team are out and the Saverys family are in as CMB’s executive team effectively take over control of Euronav and set about transforming the tanker giant into a diversified, decarbonised innovator
The contradictions of the Russian oil price cap
More Russian oil than ever before is being carried on sanctions-busting tankers exploiting regulatory loopholes. The entire scheme of sanctions stands or falls by an attestation mechanism that patently isn’t working
Seacon sets sights on climbing leading shipmanager ranks
The ultimate goal is to evolve into a ‘modern integrated marine services provider’ combining shipping with commercial and investment activities
How to keep the Panama and Suez canals open
Of course there are viable alternative routes. But simultaneous widespread disruption would be a strain on much of the shipping industry, not to mention the global economy
Greek shipowners in exodus from Russian oil trades in November
Crackdown on tankers breaching G7 sanctions over October and November by the US Office of Foreign Assets Control thought to be the trigger for the Greek exit
Stena Bulk foresees buoyant crude and product tanker markets, but stays cool on new ship orders
Stena Bulk has no plans to order new tonnage until at least 2026, but it will consider buying modern secondhand tonnage, says its chief executive. Meanwhile, the tanker operating subsidiary of Gothenburg-based conglomerate Stena AB is still considering plans to either divest or expand its LNG carrier fleet
Stena Bulk foresees buoyant crude and product tanker markets, but stays cool on new ship orders
Stena Bulk has no plans to order new tonnage until at least 2026, but it will consider buying modern secondhand tonnage, says its chief executive. Meanwhile, the tanker operating subsidiary of Gothenburg-based conglomerate Stena AB is still considering plans to either divest or expand its LNG carrier fleet
The week in charts: Container freight rates remain weak | Caspian fleet grows | First Greece-owned tankers return to load Venezuela oil
Monthly LA/Long Beach volumes continue above pre-pandemic levels, UK-owned ship facilitates first international export from Russian occupied Mariupol, and Maersk signs methanol supply deal with Chinese company
Israel-linked shipping reroutes as Yemen threat escalates
Pirates or Houthis? The identity of the attackers who boarded Zodiac-owned Central Park over the weekend remains unclear. But the net effect of this latest incident — coupled with missile and drone attacks, the seizure of Galaxy Leader, and an unwillingness from navies to commit to escorts — is driving ships with even partial links to Israel to divert
The week in newbuildings: Tankers abound
Greek shipowners have been particularly active in ordering medium-range and long range two product tankers, while two gas carrier operators have booked specialised LPG tankers
Maersk Tankers confirms ammonia carrier newbuilding quartet in joint venture with Mitsui & Co
New very large ammonia carrier order marks a return by the AP Moller Holding-owned company to gas carrier ownership after it exited the sector in 2013, following the sale of its LPG carrier fleet to BW Group
StealthGas posts another strong quarter in ‘tremendous year for gas’
StealthGas says the market remains firm ahead of what are seasonally strong winter months. The usually subdued third quarter has produced a bonanza trading period for the company
Petredec orders ethane/ethylene-capable LPG carrier newbuildings for UK subsidiary
‘The ethane/ethylene sector is well positioned to benefit from the favourable fundamental tailwinds of strong, visible export capacity expansion,’ says Petredec chief executive Giles Fearn
How a south London restaurateur became a nexus for sanctioned Iranian gas trades
Analysis of the ownership links behind an LPG tanker that exploded off the coast of Iran in August provides a rare glimpse into the workings of an operation designed to sidestep US sanctions on Iran through the use of front companies and deceptive shipping practices, much like the dark fleet of tankers shipping sanctioned oil
ADNOC returns to Jiangnan Shipyard to order carbon capture storage system-fitted LNG carrier
ADNOC has ordered six 175,000 cu m LNG carriers at the Shanghai-based shipyard since last year
How to keep the Panama and Suez canals open
Of course there are viable alternative routes. But simultaneous widespread disruption would be a strain on much of the shipping industry, not to mention the global economy
Maersk Tankers confirms ammonia carrier newbuilding quartet in joint venture with Mitsui & Co
New very large ammonia carrier order marks a return by the AP Moller Holding-owned company to gas carrier ownership after it exited the sector in 2013, following the sale of its LPG carrier fleet to BW Group
Stena Bulk foresees buoyant crude and product tanker markets, but stays cool on new ship orders
Stena Bulk has no plans to order new tonnage until at least 2026, but it will consider buying modern secondhand tonnage, says its chief executive. Meanwhile, the tanker operating subsidiary of Gothenburg-based conglomerate Stena AB is still considering plans to either divest or expand its LNG carrier fleet
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