BW Group-backed Hafnia has promoted long-serving executive Nikolaj Sogaard to head both its MR and LR tanker operations in ...

Lloyd's Register has awarded an AiP for the world’s first vacuum-insulated large scale liquid hydrogen tank system.

According to an analysis by the world’s largest shipping company (BIMCO), the current year is characterized as a milestone in ...

The person added that sanctions on Aframaxes that carry crude oil could drive demand for long-range (LR) tankers if some charterers decide to switch to the latter, though it has not happened yet.

LR, known as the Society for the Registry of Shipping during that time, said it began re-examining its history as an organisation in 2022 together with the Wilberforce Institute to better ...

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on ...

Rates for another class of ships known as long-range tankers also jumped. They can move about 600,000 barrels of oil, and are used to carry crude and fuels such as diesel and naphtha through the Suez ...

Currently, the fleet counts 10 tankers with an average age of 20 years. The lineup includes four MR tankers, four LR tankers, the newest suezmax, and a small clean tanker.