Tankers News

Italian shipowner Fratelli Cosulich has taken delivery of Carlotta Cosulich, the third of four methanol-ready bunker tankers being built under its fleet expansion program.The 8,585 deadweight tonne (DWT) vessel was officially delivered at Taizhou Maple Leaf Shipyard in China on October 28, following the earlier deliveries of sister vessels Anna Cosulich and Lucia Cosulich.The new IMO II bunker tanker is designed to support a range of bunkering operations, with features including MarineLINE cargo tank coating…

Yangzijiang Maritime Development has placed orders for 11 new vessels at Chinese shipyards, expanding its newbuilding portfolio to 111 vessels, including options and previously delivered ships.The latest orders comprise four bulk carriers of approximately 82,000 deadweight tonnes (DWT) each and seven Long-Range 2 (LR2) tankers of approximately 114,000 DWT each, with deliveries scheduled for 2029 and 2030.The bulk carrier orders also include options for two additional vessels of similar specifications.Following the new orders…

"During the first nine months of 2026, clean product volumes loaded on LR2 tankers fell 28% year-on-year following disruptions in the Strait of Hormuz. Despite the lower volumes, tonne-mile demand increased 2% year-on-year,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.LR2 product tankers loaded on average 2.1 million barrels per day (mbpd) of clean products during the first three quarters of 2026, 0.8 mbpd less than in the same period of 2025. In 2025, more than 40% of clean product volumes carried by LR2s were loaded in the Persian Gulf, equivalent to 1.2 mbpd.

Somali pirates killed five crew members of the hijacked MT Honour 25 petroleum products tanker before it was rescued by security forces, Somalia's semi-autonomous state of Puntland said on Tuesday.Puntland's authorities said they also rescued a second vessel on Tuesday that had been hijacked in May.The deaths aboard the Palau-flagged ship appear to be the first at the hands of Somali pirates in over a decade.The ship with 17 crew members was seized by pirates in April during a resurgence of Somali piracy that experts have attributed…

"Caribbean Basin have year-to-date increased by 234 million barrels year-on-year according to data from Signal Ocean. This is equal to an additional 880k barrels per day, and a 45% jump compared to 2025,“ says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Adjusting for an increase in barrels transhipped via the Bahamas, we estimate that exports from the Caribbean Basin so far have added 210 million new crude oil and heavy product barrels. The increase equals 790k barrels per day.

Yangzijiang Maritime Development has ordered 24 vessels from various Chinese shipyards for delivery between 2028 and 2030, expanding its newbuild portfolio across bulk carriers, chemical and product tankers and large oil tankers.The new orders comprise six 64,500-dwt bulk carriers, six 49,800-dwt product oil and chemical tankers, four 28,000-dwt stainless steel chemical tankers, four 29,000-dwt stainless steel chemical tankers and four 319,000-dwt oil tankers.The bulk carriers and 319…

Shipowners have already ordered more than twice as many supertankers this year as in all of 2025, a buying spree worth over $20 billion that is the biggest for at least 25 years, as the US-Iran war redraws trade routes and boosts demand for long-haul crude shipments.Data from Signal Group, a shipping analytics platform, show 217 Very Large Crude Carriers ordered so far in 2026, against 93 last year. Allied Shipbroking recorded 164 VLCC orders, up from 83. A VLCC carries about…

Furetank's intermediate tanker Fure Vasa was given her name in Uddevalla, Sweden, on August 28, in front of more than 300 invited guests. Along with news of new investments and a 40th-anniversary celebration, the day brought several encouraging signs for the state of Swedish tanker shipping."Today, transport is not only a matter of competitiveness. It is also increasingly a matter of resilience, security and preparedness, given the political tensions in the world. That is why…

Four shipowners from Sweden, Norway and Canada have ordered four new VINGA product tankers for delivery in 2028 and 2029, expanding the Furetank-developed vessel series to 26 ships.Two of the vessels will be owned by FureBear, a joint venture between Sweden's Furetank and Canada's Algoma Central Corporation, while Norway's O.H. Meling and Sweden's Älvtank will each take one.The order marks O.H. Meling's first investment in the VINGA series, while Älvtank already owns three of the vessels.The four 17,999-dwt product tankers will be built at China Merchants Jinling Shipyard in Yangzhou, China.

Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents.The delays are putting roadblocks on a U.S. plan to quickly boost Venezuela's oil exports following a flagship pact with global trading houses. The fight for infrastructure looks likely to intensify…

A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields, where subsea pipelines are not a practical or economically viable option.Production platforms or floating units are increasingly located in deepwater areas prone to challenging weather and hydrological conditions…

ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export activities.The acquisition comprises five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs). Nine vessels - six VLCCs and three VLGCs - were acquired on the secondary market and are scheduled for delivery in the third quarter of 2026…

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the first half of the year ended 30 June 2026, with a net profit of QAR 857 million compared to QAR 860 million for the corresponding period in 2025.Eng. Abdullah Al-Sulaiti, Nakilat’s Chief Executive Officer, commented: “In light of the current situation in the region and its impact on business performance, our Marine Services segment was significantly affected, with ship repair, shipping agency, and towage services experiencing a noticeable decline.

“So far this year, crude tanker newbuilding contracting has reached 60m deadweight tonnes (DWT) across 234 ships, driven by a surge in orders for Very Large Crude Tankers (VLCCs). This already makes 2026 the year with the highest crude tanker contracting on record. High freight rates and the need to replace an increasingly older fleet have both encouraged contracting,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Orders for new VLCCs are already more than double than in the whole of 2025.

At least four oil and gas tankers have turned back from attempting to transit the Strait of Hormuz, ship-tracking data showed, as renewed attacks on vessels in the critical waterway heightened safety and security concerns.The diversions come after a Qatari liquefied natural gas tanker and a Saudi-flagged crude oil tanker were damaged near the strait on Tuesday following reports that Iran fired missiles at ships in the waterway, prompting maritime authorities to raise the threat risk for transiting vessels to "severe."The LNG tankers Al Ghariya…

The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports.But the gap between expectation and reality remains wide, leaving the global oil shipping system in a fragile middle ground between crisis and recovery.The most immediate evidence of adjustment lies in real-time vessel movements.

Some 57 ships carrying an estimated 1,100 seafarers have transited the Strait of Hormuz since June 23 under a United Nations evacuation plan launched this week, data from the U.N.'s shipping agency showed on Thursday.These are the first numbers to be released by the U.N.'s International Maritime Organization for the initiative, which will enable hundreds of ships with some 11,000 seafarers to leave the strait.According to current IMO data, 12 ships sailed through during the morning of June 25, 32 during June 24 and 13 during June 23.(Reuters - Reporting by Jonathan Saul, Editing by Louise Heav

VINGA vessel naming ceremony and 40 years of design collaborationcutFOLDER-VINGA-serien-webb.pdf [Full background and tech spec - MR DEC 2026cutVinga VesselA newly built tanker in Furetank's VINGA series will be named at the Port of Uddevalla on 28 August. The vessel was designed by Furetank and FKAB Marine Design, the cumulative of 40 years of vessel design collaboration."We know operations and FKAB knows shipbuilding. Our collaboration has been a winning equation over the years — one plus one has equalled three.

ABS and HD Hyundai Heavy Industries Co., Ltd. (HD HHI), signed a joint development agreement to support the development of a U.S.-flagged 50,000 DWT oil and chemical tanker.Under the agreement, ABS will review the HD HHI design in accordance with ABS Rules and U.S. Coast Guard requirements.“From the first 100,000 DWT tanker to today’s most advanced tanker designs, ABS has provided owners and operators with the insight and guidance they need to achieve their goals, always with a focus on safety.

China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7.79 million barrels per day (bpd). The fallout from the war in Iran was blamed for the 29% slump in crude imports. In the months prior to the start of the conflict on February 28, levels of around 11 million bpd were common.The war resulted in the effective closure of the Strait of Hormuz…

Anemoi Marine Technologies and its partners have completed a joint development project aimed at simplifying the integration of Rotor Sail wind propulsion systems on medium-range (MR) tankers, with classification society DNV granting Approval in Principle (AiP) for the design.The project was developed in collaboration with Guangzhou Shipyard International (GSI) and tanker operator Hafnia and focused on integrating two folding, explosion-rated Rotor Sails into an MR tanker design.The…

Commodity trader Mercuria is suing the Baltic Exchange, the world's top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz, a court filing showed.The U.S.-Israeli war with Iran, which began on February 28, has left hundreds of ships and 20,000 seafarers stranded inside the Gulf and unable to sail through the vital chokepoints with only a few ships willing to make the voyages daily.In a court filing dated April 30 and submitted through England's high court…

Wind propulsion specialist bound4blue has completed the second installation of its suction sail system for Maersk Tankers, fitting four 24-meter eSAIL units on the Maersk Tahiti at a shipyard in China.The installation forms part of a broader agreement to equip five medium-range tankers with a total of 20 units, the company’s largest single contract to date.The Maersk Tahiti installation follows the completion of the first system onboard the Maersk Trieste earlier in 2026.According to bound4blue…