oil tankers

Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns 

[NEW YORK] Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising global ...

Brent crude futures were up 57 cents, or 0.9 per cent, at US$59.50 a barrel at 0135 GMT on Wednesday.

Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

[TOKYO] Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geop...

US crude futures climbed over 1 per cent to US$55.96 a barrel in Asian trading after Trump ordered a blockade on sanctioned oil tankers leaving or entering Venezuela.

Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

[WASHINGTON] US President Donald Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, a move set to sharply escalate tensions between Washington and Caraca...

The seizure is the first known action against an oil tanker since President Trump ordered a large US military build-up in the region and carried out strikes against suspected drug vessels.

US seizes oil tanker off coast of Venezuela, Trump says

[WASHINGTON] The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas in a move that also raised oil prices.

Brent crude futures rose 27 cents, or 0.4 per cent, to settle at US$62.21 a barrel on Wednesday.

Oil settles higher after US seizes tanker off Venezuela’s coast

[NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies.

Mitsui OSK is aiming to reduce risks, according to remarks made by president and chief executive officer Takeshi Hashimoto.

Japanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels

The firm is planning to shift new orders from China to South Korea

Freight rates for VLCCs that can carry two million barrels of crude across major routes jumped after Unipec, the trading arm of Asia’s largest refiner Sinopec, chartered several supertankers on Friday.

Oil shipping rates surge after US sanctions tighten global fleet

Supertanker freight rates jumped after the US expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers a...

Shandong Port oversees major ports on China’s east coast including Qingdao, Rizhao and Yantai, which are major terminals for importing sanctioned oil.

China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels

SHANDONG Port Group has banned US-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries...

The clean-up of Pengerang's waters, which started last Friday morning, is expected to be completed by Saturday.

Over 180 Malaysia fishermen hit by Singapore oil spill; losses estimated at RM480,000

A clean-up of Johor’s coast is ongoing; fishermen say their gear has been damaged and will take time to replace