Crude tanker shipping is anticipated to be negatively impacted following the decision by Opec to trim output, according to DNB Markets.

The International Chamber of Shipping has written to the Canadian Government asking it to reconsider its proposal for a moratorium on the shipment of crude oil in the waters of Northern British Columbia, adjacent to Alaska.

Four of the first tankers carrying shipments of Iranian crude are heading to ports in the EU with cargoes of 1m barrels, with a further nine headed for Asia.

Global bunker fuel prices have continued to nosedive as they closed in on the $200-per metric tonne (pmt) mark, falling in line with crude oil prices dipping below $40 per barrel and nearing 10-year low.

The prospect of a full return of Iranian oil to the international market has been concentrating minds in the industry. While the latest attempt to strike a deal over the Iranian nuclear project, in return for a lifting of sanctions, failed last...

The Energy Forum of New York hosted BP's group chief economist, Spencer Dale, for a presentation on the newly released 2015 edition of its Statistical Review of World Energy.

Bunker fuel prices have been creeping back up over the past month, heading towards $400 per metric tonne (pmt) as crude oil prices rose nearly 20% for the last six weeks.

Joint venture firm China VLCC has sealed a two-year contract to provide seaborne crude oil transportation for Dalian-based refinery West Pacific Petrochemical Company (Wepec).

Late last week, multiple events brought together professionals from the shipping and the underlying commodity businesses around New York. The Connecticut Maritime Association’s monthly luncheon, in nearby Stamford, featured long time market...

Knutsen NYK Offshore Tankers (Knot) has secured a time-charter contract for a shuttle tanker with an European oil major.