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oil tankers
Suez Canal revenue jumps 42% as Hormuz closure reroutes ships
Suez Canal revenue rose 42% in July compared with a year earlier, reaching $505 million, as the Iran war's effective closure of the Strait of Hormuz and ongoing Houthi threats in the southern Red Sea pushed more vessels toward the…
U.S. destroys 3 Iranian oil tankers after IRGC fires on Navy warships
U.S. Central Command said Saturday that American forces struck three Iranian crude oil tankers after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles toward two U.S. Navy warships patrolling the Persian Gulf region, marking a sharp escalation in the six-month-old…
Supertanker prices hit 17-year high amid Hormuz crisis
Soaring demand for oil tankers to transport crude out of the Persian Gulf has pushed vessel prices and charter rates to their highest levels since 2008, as Middle Eastern producers scramble to maintain exports nearly six months into the U.S.-Iran…
UAE condemns Iranian missile strike on ADNOC tanker in Strait of Hormuz
The United Arab Emirates on Saturday condemned an Iranian missile attack on a tanker belonging to the Abu Dhabi National Oil Company (ADNOC) as it transited the Strait of Hormuz, calling it a "flagrant violation" of UN Security Council Resolution…
ADNOC spends $1.3B on 11 tankers as UAE crude exports surge
Abu Dhabi National Oil Company's logistics arm has spent $1.3 billion to acquire 11 vessels, nearly doubling its supertanker fleet as the UAE ramps up crude exports following its departure from OPEC amid ongoing tensions in the Strait of Hormuz.
Houthis claim missile strikes on two Saudi tankers
Yemen's Houthi forces claimed on Wednesday that they launched ballistic missile attacks on two Saudi oil tankers, one off the Red Sea port of Yanbu and another in the Gulf of Aden, while a separate drone strike on a Saudi…
IRGC says it struck two oil tankers under US escort in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps claimed Friday that its naval forces struck and halted two oil tankers navigating the Strait of Hormuz under US military air escort, further escalating a maritime standoff now in its fifth month.
ADNOC buys $590M in tankers as Hormuz crisis reshapes oil trade
Nearly five months after the closure of the Strait of Hormuz, Abu Dhabi National Oil Co has purchased five very large crude carriers from Frontline for approximately $590 million, part of a broader effort to control its supply chain as…
First Chinese tanker diverts as Houthi blockade roils Red Sea shipping
A Hong Kong-flagged supertanker, New Champion, became the latest vessel to reverse course before reaching the Bab el-Mandeb chokepoint this week, as Yemen's Houthi rebels enforce a declared naval blockade against Saudi Arabia that has upended shipping patterns across the…
Houthis strike two Saudi oil tankers in Red Sea blockade’s first enforcement
Yemen's Houthi movement attacked two Saudi oil tankers in the Red Sea on Wednesday, marking the first enforcement of the group's declared maritime blockade against Saudi Arabia and escalating a conflict that has already choked two of the world's most…
IRGC says two tankers hit mines in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps said on Friday that two oil tankers exploded and caught fire after entering a mined area south of the Strait of Hormuz, blaming American intelligence agencies for directing the vessels into the minefield. The claim…
UAE says Iranian missiles struck two tankers in Hormuz, killing one
Two UAE-flagged oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz on Monday, killing one Indian crew member and wounding eight others, according to the UAE Ministry of Defence. The attack marks a further escalation of…
Oil tanker catches fire after projectile strike near Strait of Hormuz
An oil tanker traveling through the Strait of Hormuz caught fire on Monday after being struck by an unknown projectile off the coast of Oman, the United Kingdom Maritime Trade Operations said, escalating concerns over safe passage through the world's…
About 30 vessels cross Strait of Hormuz with Iran’s approval amid standoff
Approximately 30 vessels have transited the Strait of Hormuz with Tehran's authorization since Wednesday, Iran's state television reported on Thursday, marking a notable uptick in maritime traffic through the contested waterway even as negotiations to end the war remain stalled.