oil tankers News

U.S. Gulf Oil Platforms Shutting As Hurricane Delta Strengthens

HOUSTON — Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico. Hurricane Delta, the 25th …

Pandemic Forces Virtual Safety Checks for Oil Tankers

LONDON — Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as …

Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a …

Seeking to Avoid Escalation, Ships Deploy Unarmed Guards to Navigate Gulf

LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said. Relations between Iran and the West are increasingly …

Oil Tanker Insurance Costs to Jump After Gulf Attacks

The cost of insuring tankers to ship Middle East crude looks set to jump after a second spate of attacks on vessels in the region in just over a month underscored escalating tensions in the oil-exporting region. A so-called “additional …

Railroad Union Pushes for Tougher Safety Standards on Tracks

Union officials say tougher inspection and maintenance standards for railroad tracks could help prevent dangerous derailments of trains carrying crude oil. While lawmakers and regulators focus on the strength of oil tank cars and volatility of crude oil, officials of …