A ship’s anchor can wreak havoc on the world’s undersea infrastructure, something that has provided plenty of rich material for Splash reporting in recent years. For Elisabeth Braw, the Cook Islands-flagged tanker Eagle S provides one of the most brazen examples. On Christmas Day 2024, the vessel was accused of dragging its anchor 90 km …
The defining feature of the current asset market is not limited to five-year-old tonnage trading above newbuilding prices. Repricing spans the entire age curve and intensifies with vessel age. VLCC values are up 30% year-over-year at five years, 42% at ten years, 61% at fifteen years, and 90% at twenty years. The Suezmax curve shows ...
Rates for shipping containers from east Asia and China to the US were mostly higher this week while rates for liquid chemical tankers ex-US Gulf were mostly softer, all while schedule reliability is decreasing because of congestion at Asia ports. PORT CONGESTION Global container vessel schedule reliability dropped to 56.4% in July 2026, a decline ...
The tanker market could experience an increase of flows from West to East in the coming years, following the 65 billion barrel deal between the US and Venezuela. In its latest weekly report, shipbroker Gibson said that “last Friday, President Trump announced that the US had reached an agreement to control 65 billion barrels of ...
Greek owner Sea Pioneer Shipping has emerged as the company behind SK Oceanplant’s recently announced series of six firm plus two optional aframax tankers. Market sources have identified the Vasilis Bacolitsas-led owner as the previously unnamed Greek customer behind six 115,000 dwt crude carriers at the South Korean yard, with two further options attached. SK …
Four shipping companies from Sweden, Norway, and Canada see a bright future in the European intermediate tanker market and are ordering four new VINGA ships — taking the series, developed by Furetank, to a remarkable 26 vessels. The new investment was announced on Friday in conjunction with the naming ceremony for FURE VASA, a newly ...
A Saudi-owned VLCC has been struck off Yanbu in the northern Red Sea, extending the Houthi campaign against Saudi shipping to one of the kingdom’s most important alternative crude export routes. The 320,926 dwt Amzan was hit around 63 nautical miles west of Yanbu on August 24. UK Maritime Trade Operations said an unknown projectile …
Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.
An in-depth evaluation study based on reference data from a Suezmax crude oil tanker has demonstrated the benefits of using Thordon Bearings’ innovative T-BOSS® shaftline solution instead of a conventional oil...
Seven crude carriers were moored at Iraq’s Persian Gulf export facilities on August 24—a sharp increase from recent weeks. The carriers had a combined carrying capacity of roughly 13 million barrels, according to satellite imagery analyzed by Bloomberg. TankerTrackers.com separately said it counted and identified 13 million barrels loading Monday at Iraq’s Al Basrah Oil Terminal. That is a dramatic departure from the past several weeks, when satellite passes typically showed just one or two tankers at Iraq’s offshore export…
At the beginning of the year, the Hamburg-based shipowner Ernst Russ AG set strategic benchmarks for its transformation in 2026: the consistent diversification and modernization of the fleet, an extension of the charter backlog, and the increase of the visibility of the Ernst Russ share on the capital markets. Six months later, progress in all ...
An in-depth evaluation study based on reference data from a Suezmax crude oil tanker has demonstrated the benefits of using Thordon Bearings’ innovative T-BOSS® shaftline solution instead of a conventional oil lubricated sterntube system. The comprehensive study assessed the CAPEX for a sterntubeless T-BOSS® (Thordon – Blue Ocean Stern Space) system installed on a 274m ...