Tag: tankers

On 15 July 2024, TORM entered into an agreement to acquire eight second-hand MR vessels that are expected to be delivered later this year, increasing the fleet size to 96 vessels. 

A Chevron-chartered oil tanker, the Advantage Sweet, which had been seized by Iran in April 2023, is heading towards international waters, according to LSEG ship tracking data, Reuters reports. 

On Saturday, July 13, a commercial tanker collided with a small passenger boat near Port Aransas, Texas, according to the U.S. Coast Guard Sector Corpus Christi.

Given the rising concerns about the Carbon Intensity Indicator (CII) system adopted by the International Maritime Organization (IMO), INTERTANKO has been investigating the specific challenges faced by tankers, particularly smaller LNG and fuel oil refueling carriers, calling IMO to focus on CII application for tankers.

Carrying a maximum of 38,000 tons of oil, the 245-meter-long tanker Shturman Skuratov undertakes the inaugural transit shipment of the year along the Northern Sea Route.

According to BRS Shipbrokers, the first half of the year is set to end with the lowest annualized tanker demolition level on record, with only 2 tankers scrapped so far into 2024 and multi-decade low deliveries expected throughout the year, the tanker fleet is set to age further this year.

China Ship Design & Research Centre (CSDC) was awarded Approval in Principle by Bureau Veritas (BV) for its latest ammonia-fueled MR chemical tanker design.

Scorpio Tankers Inc announced on 11 July that it has entered into agreements to sell five MR product tankers.

A recent analysis by the University College London (UCL) Energy Institute and Kühne Climate Center highlights significant risks faced by the global fleet of oil and gas tankers if efforts to limit global warming to 1.5°C by 2050 are successful.

The Q2 2024 Shipping Market Overview & Outlook from BIMCO has been released which features an analysis of the tanker shipping market regarding supply and demand.