Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
Dark fleet insurance? Not reassuring
It’s 2024 and we still still have vessels ‘owned’ by anonymous brass plate companies, ‘flagged’ with fictitious ‘registries’, ‘IMO numbered’ with digits based on mum’s birthday, ‘classed’ by little-known ROs and ‘insured’ by shaky fixed premium providers. This isn’t progress
Leaked papers reveal inner workings of Iran’s shadow oil trade
Lloyd’s List tracked just one of the many tankers mentioned in emails, invoices and documents leaked by the WikiIran website to reveal how Iran is shipping banned cargoes in plain sight
Novorossiysk-bound ships detouring amid heightened drone threat
A document circulated on social media suggests ships are being instructed to alter course after a general cargoship spotted a naval drone in the Black Sea earlier this month; however, the exact reason why others are anchoring mid-route is not clear
The week in newbuildings: Crude oil and product tanker orderbook sees further boost
Greek and Israeli shipowners have ordered a combined 12 large tankers in the past week, comprising four ships each in the VLCC, suezmax and long range two sectors
The week in charts: Houthi attacks will continue | Newbuilding prices set to rise | Ship recycling recovery on hold | Chinese demand props up Russia oil exports
Robust weapons supply chain continues to support Houthi firepower, shipbuilders’ bulging orderbooks mean prices are set to creep up in 2024 and Russian crude oil imports hit eight-month high in China
Bunker demand faces long-term decline despite geopolitical spikes
Replacement of older, less-efficient vessels and the adoption of cleaner fuels as part of shipping’s decarbonisation efforts will inevitably lead to reduced future consumption of both high-sulphur and low-sulphur fuel oils
Novorossiysk-bound ships detouring amid heightened drone threat
A document circulated on social media suggests ships are being instructed to alter course after a general cargoship spotted a naval drone in the Black Sea earlier this month; however, the exact reason why others are anchoring mid-route is not clear
The week in newbuildings: Crude oil and product tanker orderbook sees further boost
Greek and Israeli shipowners have ordered a combined 12 large tankers in the past week, comprising four ships each in the VLCC, suezmax and long range two sectors
Seafarer supply the biggest challenge for shipowners in future, says d’Amico chief
Paulo d’Amico, chairman and chief executive of d’Amico International Shipping, says fewer people want to go to sea, but the global fleet continues to grow
The week in newbuildings: Orders valued at $3bn signed
Ordering activity continues to be dominated by bulk carriers and tankers, although several high-value contracts were reported for the gas and vehicle carrier sectors
The week in newbuildings: Orders valued at $3bn signed
Ordering activity continues to be dominated by bulk carriers and tankers, although several high-value contracts were reported for the gas and vehicle carrier sectors
Strong finish sends BW LPG to strongest year on record
BW LPG posted its strongest financial year after a robust fourth quarter, during which VLGC rates climbed to near-record levels. The company’s outlook for the year is ‘positive’ but it expects high volatility
StealthGas makes ‘promising start’ to year after record 2023
Greece-based company cuts debt by more than half in 12 months
Evalend emerges as owner behind latest VLAC pair
Greek owner’s previous series of VLGCs will be coming on stream this year and can carry ammonia at 87% capacity
Ex-CNOOC president ensnared in Beijing’s graft crackdown
Li dedicated nearly his entire career to the Chinese oil and gas major. His case demonstrates that Beijing's anti-corruption campaign among government officials and state-owned enterprise executives is still ongoing
Wah Kwong, China Gas and CSSC Shipping team up for more LNG carrier newbuilds
Two large LNG carrier newbuildings will be added to the partnership led by the Hong Kong-headquartered owner
Hanwha Ocean signs MOU to build 12 LNG carriers for Middle East shipper
So far, the second phase of QatarEnergy’s fleet expansion project has reportedly included agreements for 52 vessels
Capital Product sheds more boxships as it doubles down on gas shipping
First four disposals expected to swell owner’s cash kitty by about $81m
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