
Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
Euronav’s future hangs in the balance ahead of shareholder showdown
After the chaos of an abandoned merger with Frontline and a bruising shareholder scrap with the Saverys family, Euronav chief Hugo De Stoop claims to have found serenity and is optimistic the tanker giant will finally be able to move on after this week’s executive board vote

Dark fleet of tankers now comprises 10% of seaborne oil transport
Some 440 tankers above 30,000 dwt tonnes, with an average age of 20 years, have been identified as solely deployed in shipping Iranian, Venezuelan and Russian oil

Greece-owned fleet suffers rare dip in strength
Greek flag falls to 12% share of all domestically controlled vessels, but Malta was biggest loser of Greek business in the past 12 months

Owners should welcome Greek maritime law shake-up
‘Step in right direction’ says Reed Smith, while HFW brands changes ‘a big deal’

Ship recycling supply falls on charter rates improvements
Improving charter rates in the dry cargo sector has begun to reduce the supply of tonnage destined for shipbreaking yards

Euronav’s future hangs in the balance ahead of shareholder showdown
After the chaos of an abandoned merger with Frontline and a bruising shareholder scrap with the Saverys family, Euronav chief Hugo De Stoop claims to have found serenity and is optimistic the tanker giant will finally be able to move on after this week’s executive board vote

Sanctioned tanker in collision with Dynacom panamax off Venezuela
A US-sanctioned long range one tanker has been involved in collision with Dynacom’s panamax crude oil tanker Kerala. The latter vessel was waiting to load at the Bajo Grande terminal in Venezuela

Orderbook impasse is turning tankers into ‘cash machines’, say owners
Executives from nine of the world’s largest tanker-owning companies say they will not order expensive new ships amid regulatory uncertainty

Heidmar eyes Nasdaq listing after merger deal
Pankaj Khanna-helmed operator is looking to expand in dry bulk, technical management, and sales and purchase brokering

The week in newbuildings: Suezmax tankers in vogue
Crude oil tankers are making a comeback with two shipowners each having signed up for suezmax units

Iran’s oil exports remain elevated
Although dropping below 1m barrels per day for the second consecutive month, China’s demand for sanctioned Iranian oil remains high, with its three-month average still near record levels

The week in newbuildings: Orders valued at $2.1bn signed
Orders for five bulk carriers, six boxships, three gas tankers and eight product tankers have recently been reported by shipbuilders and brokers

StealthGas reports record annual profit
The record performance came against the backdrop of ‘a difficult environment with rising interest rates and a smaller fleet,’ said chief

BW Epic Kosan expects growth in LPG trade
Company is cutting older, smaller vessels as part of a fleet renewal program

Strikes extended at French LNG terminals
Workers vote to extend industrial action for another week results in diversion of multiple LNG carriers to other regions

Capital Product Partners signs $34m charter with ONE
Deal brings charter coverage to 96% for 2023 and 2024

CDB Leasing offers $284m for two LNG carriers from GasLog
Bermuda-registered sellers are linked to two large-sized LNG carriers under GasLog Partners and GagLog Ltd, data shows

Shell to explore LNG shipping for regasification in deal with GAIL
Indian state-owned integrated oil and gas company has been looking to expand its LNG and ethane portfolio
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