Oiltankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers ...
Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.
A stricken tanker loaded with Russian oil that lost the ability to manoeuver in the Baltic Sea near the German island of Rügen will likely be towed towards Skagen at the northern tip of Denmark, ...
Volunteers flooded the beaches to help with cleanup eventually prompting the federal government to step to help clean up thousands of tons of fuel oil.
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