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Tankers & Gas

Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage

Older vessels drive increase in tanker values

Driven by improving market conditions and uncertainty around future fuels, values for crude oil tankers have improved, though older ships have registered the most impressive gains   

Tankers and Gas Sale and Purchase

Crude Tankers

Ukraine conflict pushes tanker rates 230% higher for International Seaways and Ardmore Shipping

Trade dislocations seem ‘likely to persist beyond the immediate period of heightened tensions’, says Ardmore

International Tankers and Gas

Tanker sale and purchase activity rises on the back of improving values

Sales transactions were reported across all tanker segments, with the aframax and medium range sectors providing the majority of purchases

International Tankers and Gas
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Russia oil and gas bans trigger tanker turmoil

Co-ordinated measures to blacklist Russian energy commodities will significantly recalibrate seaborne trade flows for the global tanker and gas carrier fleet

Europe International

Shipping ‘hurt’ by Ukraine conflict amid record volatility on commodities market

Hurdles to ship cargoes from Russia are rising as underwriters and lending syndicates scrutinise details of each voyage. Financial and banking curbs are complicating trades

Europe Russian Federation
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Product Tankers

Furetank boosts Vinga-class tanker orderbook

New 17,999 dwt tanker is due for delivery in July 2024 and will be able to utilise LNG or liquefied biogas for main propulsion

Sweden Tankers and Gas

MR tanker period charters gain 35% in three months

Russia-led trade disruption that has seen spot rates gain 345% this year is now spilling over to longer-term time charters

International Tankers and Gas

Norden posts robust first-quarter results

Dry bulk and tanker operator reduces exposure in dry bulk to capitalise on a quickly recovering product tanker market

Europe Denmark

Tanker sale and purchase activity rises on the back of improving values

Sales transactions were reported across all tanker segments, with the aframax and medium range sectors providing the majority of purchases

International Tankers and Gas
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LPG

China’s LPG imports show moderate rise

The moderate rise in Chinese LPG imports can be attributed to lower operating rates at propane dehydrogenated plants and crackers, coupled with delays in new project start-ups, according to consultant

China Tankers and Gas

LPG: Looking to China for demand boost

Globally, the LPG trade is expected to rise by 3.9% in 2022 to 116.9m tonnes

International Tankers and Gas

Avance Gas says outlook is positive after strong first quarter

Port congestion, Panama Canal delays, increased export volumes and high demand will keep freight rates elevated

International Tankers and Gas

StealthGas flags increased crew and bunker costs

Impairment charges drag Greece-based owner into the red

International Tankers and Gas
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LNG

Ex-Sovcomflot LNG trio lifts Anna Angelicoussi group spend to near $1bn

Latest deal sets yet another price benchmark for new LNG carriers and expands Alpha Gas fleet to eight LNG carriers

International Greece

LNG: Winter of content ahead for traders as global energy crunch drives profits

Russia’s war on Ukraine has upended oil, gas and agricultural markets, triggered record prices and placed energy security at the top of political agendas as inflationary pressures and an economic downturn signal a global recession

Mid-Year outlook Market Outlooks

Capital orders LNG pair at $240m each

Confidence in LNG shipping outlook and fears of further price increases will have prodded Greek owner to add to orderbook

Greece Tankers and Gas

NYK signs long-term contract with EDF for fourth LNG carrier

Vessel will have a membrane-type tank from French engineering company GTT, and propelled by a WinGD-made, dual-fuel slow-speed diesel engine

Japan South Korea
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