°®¶¹´«Ã½

The Baltic Exchange’s TD3C Index, which reflects rates for VLCCs on the Middle-East-to-Asia route, dropped to so-called Worldscale 39.05 on Dec. 13.

Fleet technology startup TrueTMS has launched a transportation management system designed specifically for tanker fleets.

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by thousands of miles, a shipping researcher said.

The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s spurring a boom in the business of building ships to haul fuel around the globe.

The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.

ConMet Digital announced a partnership with Stephens Pneumatics, a manufacturer of highly customized tank trailers, transporters and vehicle beds, to supply telematics systems for new tank trailer builds.

Oil tankers hauling fuels such as gasoline and diesel are poised for their biggest demand surge in three decades next year, with disruption to Russian oil flows boosting the distances vessels will have to sail.

The Biden administration temporarily eased century-old U.S. shipping requirements so a single foreign tanker could transport gasoline and jet fuel to the East Coast, where the Colonial Pipeline outage caused tanks to run dry.

The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.