50+ articles
A significant trend is underway in the tanker market, with a switch from clean to dirty tankers underway. In its latest weekly report, shipbroker Gibson said that “clean to dirty switching first gathered pace in the fourth quarter of 2025 with recent geopolitical developments further accelerating dirty ups in recent m
Product tanker owners are posting record earnings as the closure of the Strait of Hormuz forces long-haul voyages from the Atlantic Basin to replace Middle East volumes, executives at two major ship owning companies said in May 7 earnings calls. International Seaways reported a blended average spot time charter equiva
Clean LR2 The TC1 75kt MEG/Japan index remained flat around the WS550 mark this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index also continued around the $10.
A liquefied natural gas (LNG) tanker that recently shifted to a Russian flag appears to be loading fuel from a U. S.
Platts, part of S&P Global Energy, has launched a new VLCC tanker freight assessment for the 270,000-mt Yanbu to Far East route, effective May 4. The assessment launch follows extensive industry consultations, analysis of market data and direct feedback from market participants since the start of the US-Israel war
As a vessel construction manager with extended building experience in both the U. S.
In imagery taken by the Sentinel-2 satellite on May 9, the sanctioned Iranian-flagged dark fleet tanker Sevda (IMO 9172040) appears to be damaged and...
Image for representation purposes only More than 70 ships are being prevented from entering or leaving Iranian ports as the American naval blockade continues. In a post on X, CENTCOM mentioned that these vessels can carry over 166 million barrels of Iranian oil, valued at around $13 billion.
Image for representation purposes only Iran’s Navy has seized the oil tanker Ocean Koi in the Gulf of Oman, accusing the vessel of attempting to disrupt the country’s oil exports. In a statement issued on Friday, Iran’s Army said the operation was conducted under a court order and approved by the country’s Supreme Nat
Screengrab from X video posted by US Centcom The United States Central Command (CENTCOM) said US naval forces disabled two more Iranian-flagged oil tankers in the Gulf of Oman on May 8 as part of the ongoing blockade against Iran. According to CENTCOM, the vessels, M/T Sea Star III and M/T Sevda, were trying to enter
The government of Iran claims to have seized a sanctioned tanker with longstanding ties to its own oil industry. For reasons unknown, Iranian forces c...
Clean to dirty switching first gathered pace in the fourth quarter of 2025 with recent geopolitical developments further accelerating dirty ups in recent months.   Source: GIBSON SHIPBROKERS LTD
In this episode of What's Going on With Shipping? , Sal Mercogliano analyzes the intensifying naval standoff in the Persian Gulf and the Strait of Hormuz.
( www.MaritimeCyprus.com ) Over the years, hundreds of tankers were employed in the grain trades. The first oceangoing steamer designed and built to carry oil in bulk was the Belgian-flagged Vaderland, which was built in 1872. The intended service of this vessel was to carry…
Whatever else is happening in the Strait of Hormuz, the U. S.
In what appears to be a new operational pattern, U.S. Central Command has disabled two more Iran-bound tankers in the Gulf of Oman using Navy fighter...
U.S. forces disabled two Iranian-flagged oil tankers on Friday as they attempted to enter an Iranian port on the Gulf of Oman in violation of an ongoing U.S. blockade. U.S. Central Command enforced blockade measures against M/T Sea Star III and M/T Sevda, both unladen oil…
Scorpio Tankers Inc. announced that it priced a private offering (the “Offering”) of $200.
The LR2 tanker Monza, fitted with two 37. 5-meter BAR Technologies WindWings has been delivered to U.
Image for representation purposes only Somali pirates have abandoned a hijacked Emirati dhow in the Arabian Sea after failing to use the vessel to launch attacks on other ships, security officials in Somalia’s Puntland region told AFP. The lemon-laden dhow, identified as Fahad-4, was seized in late April by an 11-memb
Malaysia’s owner and operator of offshore floating and energy-related maritime solutions and services MISC Group, a member of the Petronas Group of Companies, has unveiled the naming of its two new-generation liquefied natural gas (LNG) carriers (LNGC), strengthening its partnership with SeaRiver Maritime (SRM), a whol
MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly…
London-based Zodiac Maritime is making a major move into the gas carrier sector, ordering a series of very large ammonia carriers in South Korea as the company expands beyond its recent tanker and containership buying spree. The Eyal Ofer-controlled diversified owner has…
In this video, Project Freedom on Pause | MV Fairfax Alliance & CS Anthem Out | US Strafes an Iranian Tanker, Sal Mercogliano provides an update on the deteriorating maritime situation in the Strait of Hormuz, noting that the U. S.
One month after the Strait of Hormuz ceased to function as an unobstructed passage for commercial shipping, April brought no clear normalization. Instead, vessel activity evolved through a sequence of short-lived recoveries, reversals, and renewed disruptions, shaped by ceasefire announcements, military enforcement ac
Our Tanker Market Monitor this week reviews developments at the end of April, focusing on the ongoing disruption in the Strait as the war-driven deadlock continues unresolved for over 60 days. We shift our attention to the Atlantic market, where the US Gulf (USG) basin is sending strong signals of increased oil export
Fixed age values for eight-year-old Aframaxes stand at USD 75. 17 mil, the highest levels ever seen, compared to USD 53.
A Chinese-owned oil products tanker was attacked near the Strait of Hormuz on Monday, Chinese media outlet Caixin reported, as President Donald Trump launched a U. S.
European naval forces have confirmed the hijacking of an oil tanker off Yemen after armed individuals reportedly boarded the vessel near Qana Port before steering it toward the Gulf of...
BIMCO: Coal shipments to Japan, Korea and EU surge 27%
A US Navy F/A-18 Super Hornet launched from USS Abraham Lincoln has disabled the Iranian-flagged VLCC Hasna in the Gulf of Oman after the vessel allegedly attempted to breach the American naval blockade of Iran’s ports. US Central Command said the aircraft fired its 20 mm…
The Hormuz crisis has broken the tanker market’s age depreciation curve entirely, with five-year-old VLCCs now trading above the price of a brand new vessel ordered from a Korean shipyard. According to Signal Ocean’s latest Tanker Market Monitor, the inversion of normal asset pricing logic is now visible a
U.S. forces operating in the Gulf of Oman enforced blockade measures by disabling an Iranian-flagged unladen oil tanker attempting to sail toward an Iranian port at 9 a.m. ET, May 6.U.S. Central Command (CENTCOM) forces observed M/T Hasna as…
At the UAE port of Fujairah, conveyor belts offloaded grain from bulk carriers on Wednesday, while crude oil flowed through pipes and onto tankers berthed along its quay.
The U.S. military is matching Iran's new kinetic methods of blockade enforcement, switching to more forceful means to prevent an inbound tanker from...
U.S. forces disabled an Iranian-flagged oil tanker in the Gulf of Oman on Wednesday after CENTCOM said the vessel attempted to violate Washington’s blockade on ships entering or departing Iranian...
Indonesia says Iranian tankers have the right to pass through its waters
Indonesia says Iranian tankers have the right to pass through its waters
Pole Star Global warns of heightened compliance pressure amid OFAC crackdown
Oslo-listed Stainless Tankers is reshaping its leadership, with a change at both board and executive level as the Tufton-backed owner prepares for its next phase. Chairman Ted Kalborg will step down from the board, with the company proposing that current chief executive Andrew…
Indonesia says Iranian tankers have the right to pass through its waters
The Prokopiou family is stepping further into the tanker market with the launch of a new company that has wasted little time securing its first newbuilding slots in China. New entrant Beacon Tankers Management has signed for two firm 158,000 dwt suezmax tankers at Hengli Heavy Industries, with options for two more ves
Nissen Kaiun is capitalising on surging tanker asset values, offloading modern eco aframaxes at levels rarely seen before. The most talked-about sale in this weekend’s broker reports has been the 2018 Tsuneishi-built Pusaka Borneo, a 109,000 dwt, scrubber-fitted vessel.
Indonesian officials said they are aware of the reports that Iranian crude oil tankers are transiting the Lombok Strait and cited the right of free pa...
Swedish authorities arrest captain of sanctioned tanker over false documents
Two tankers collide near the port of Campana
Risk Intelligence: How the Russia-Ukraine war reshapes Baltic Sea risk
Oslo-listed tanker newcomer Bruton has fixed its first VLCC on a long-term deal ahead of delivery. The Tor Olav Trøim-backed company said the 300,000 dwt Mount Vision, due for delivery from China in the first half of July 2026, has been placed on a 3+1+1 year charter with an international trading house.
Swedish prosecutors reported that they have arrested the captain of a product tanker that was detained yesterday, May 2, in Swedish waters. It marks t...
The United Arab Emirates on Monday accused Iran of attacking an empty crude oil tanker belonging to the Abu Dhabi state oil firm ADNOC with drones as it attempted to pass through the Strait of Hormuz.ADNOC's maritime energy logistics unit said…