Volare Shipping, the company Trafigura set up to own its growing VLCC fleet, has raised about $500 million in an oversubscribed private placement ahead of a listing on Euronext Growth Oslo. Trading is expected to start around October 5 under the ticker VLCC. The placement sold…
Saudi Arabia is sending crude back through the Strait of Hormuz faster than the workaround can absorb it. The ship-to-ship transfer operations in the…
The Strait of Hormuz has been shut to normal commercial shipping since February 28, when the US and Israel struck Iran and the IRGC started warning…
Tanker owners have ordered more very large crude carriers this year than at any point in more than a decade, and the count keeps climbing. Estimates…
The fighting around Hormuz has turned into something the tanker trade has seen before. A tanker war. Over the weekend of September 5 and 6, the…
While the world watches Hormuz, a second fight over tankers has been escalating in European waters. European navies have now seized nine suspected…