A hulking tanker known as the Plata Carrier steamed out of the Strait of Hormuz last week carrying 2 million barrels of crude. More than four months after it entered the Persian Gulf, the blue-red ...
The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming crude carriers amid better economics as ...
The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a collapse in rates. There are currently 262 ...
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One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz
Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal ...
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only ...
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