Saudi Arabia’s national shipping carrier, Bahri, has chartered multiple supertankers to ship oil to Asia as soaring geopolitical tensions and supply shifts drive freight rates to their highest level ...

A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market — with help from one of the industry’s wealthiest ...

A record 48 oil supertankers are making their way to the US, Bloomberg reported. US crude oil production and exports are booming, while OPEC+ countries have curbed oil supply. US oil exports hit 3.99 ...

Chinese-built supertankers transporting oil into the United States could be forced to pay fees of up to $5.2 million per each port call, according to new guidelines announced by the Trump ...

(Bloomberg) -- With US crude increasingly leaving American shores on oversized supertankers, private equity backed Sentinel Midstream LLC is looking to get in on the action, bringing its new ...

On Sunday, the Coswisdom Lake and South Loyalty entered the waterway and abruptly changed course, according to vessel tracking data compiled by Bloomberg. Two supertankers, each capable of hauling ...

A record number of supertankers is steaming toward the U.S. to load oil as shipowners look to capitalize on an increase in the nation’s crude exports. Forty-eight vessels are bound for the country in ...

A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible. Six ...

At least four supertankers are waiting to load Murban crude off Fujairah in the United Arab Emirates a week after floods shut operations at the oil hub, according to trade sources and shipping data on ...

BEIJING (AP) — A group of state-owned Chinese shipping companies have placed a $4.5 billion order for 50 supertankers, throwing a financial lifeline to China’s struggling shipbuilders, a newspaper ...