All 18 crew safe after fire on Japanese-owned tanker off Singapore

All 18 crew of Panama-flagged tanker Hoyu are all safe after a fire broke on the vessel in Singapore waters today.

Tanker rates drop off but remain positive for owners

​Freight rates for the tanker shipping market have dropped off relatively quickly last week following the prior week’s dramatic surge, amidst a market that has seen significant adjustments for a better balance in the supply-demand equation.

China Dominates in Oil Tanker Market as Refiners Prepare for IMO

China’s demand for crude oil shows no signs of abating.

Tanker Deliveries Are Soaring As Demolitions Hit Decade-Lows

Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before.

Iranian tanker hit by twin explosions off Saudi

An Iranian tanker has been hit by twin explosions and is leaking oil according to reports.

COSCO unit’s tanker delivers oil to Exxon in Singapore

A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has docked in Singapore to discharge Middle East crude, shipping data on Refinitiv Eikon showed on Thursday.

Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO

​Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.