Oil shipping costs spike 9 times to $40.50 a barrel as US-Japan tanker trip hits $81 million

Oil tanker shipping costs surge as global crude oil transportation rates hit record highs.

Oil shipping costs have jumped sharply, making it more expensive to transport crude oil from the United States to Japan. The oil supertanker Esteem Explorer is scheduled to sail from the US to Japan in late November, carrying around 2 million barrels of crude oil. The journey is expected to cost $81 million, compared with … Read more

Oman says grounded tanker oil spill covers 400 square km

Oman says grounded tanker oil spill covers 400 square km

By Menna AlaaElDin, Jonathan Saul and Kate Abnett Oman says grounded tanker oil spill covers 400 square km Aug 10 – Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 400 square kilometres, the country’s government said on Monday. The Caroline Bezengi is loaded with … Read more

Iran closes strait to US, another Indian oil tanker transits Strait of Hormuz

Iran closes strait to US, another Indian oil tanker transits Strait of Hormuz

NEW DELHI: Another Indian crude oil tanker transited the Strait of Hormuz on Saturday, even as tensions around the waterway remained high. Maritime traffic data show that the “Desh Garima” passed through the Strait, becoming the 10th Indian ship to pass through the Strait of Hormuz since the outbreak of the war between Iran and … Read more

An Indian-captained oil tanker arrives in Mumbai from a Saudi port during the Gulf War; another ship is en route to India

An Indian-captained oil tanker arrives in Mumbai from a Saudi port during the Gulf War; another ship is en route to India

New Delhi: A Liberian-flagged vessel “manned by Indian nationals” laden with crude oil from Tanura port in Saudi Arabia has reached Mumbai port through the Strait of Hormuz, the Mumbai Port Trust has learned.The Shenlong Suezmax tanker, said to be carrying about 135,335 tons (about 1 million barrels) of crude oil, departed from a Saudi … Read more

Oil tanker carrying 15 Indians and 5 Iranians attacked off Oman coast, 4 crew members injured

Oil tanker carrying 15 Indians and 5 Iranians attacked off Oman coast, 4 crew members injured

During the US-Iran conflict, an oil tanker with reportedly 15 Indians among its 20-man crew was attacked near the Strait of Hormuz. Four sailors were injured.The Oman Maritime Security Center confirmed that the Palau-flagged oil tanker Skylight was attacked about 5 nautical miles north of Khasab Port. It was unclear who attacked the tankers in … Read more