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Affinity Tanker Weekly, 6 November 2026

VLCCs have softened throughout the week as limited enquiry and increasingly competitive Suezmax alternatives have tempered owners’ Source: Affinity Research LLP

Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar

Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchas…

Adani Ports Makes Major Push Into Europe With $2.9 Billion Evos Acquisition

India’s Adani Ports and Special Economic Zone (APSEZ) has agreed to acquire Netherlands-based liquid storage operator Evos B.V. in a €2.56 billion ($2.88 billion) deal that will give the company...

EU Lawmakers Push Back Against Approval of Indian Ship Recycling Yards

A European Parliament committee has voted to oppose the approval of two Indian ship recycling yards, dealing a setback to shipping industry efforts to expand access to South Asia’s shipbreaking...

China Adopts Law on Antarctic Activities and Environmental Protection

Beijing has approved a law to improve China's Antarctic research and strengthen regulation of its exploration activities, the official Xinhua news agency reported on Friday.

Hapag-Lloyd Acquires 25% Stake in Maersk’s Maasvlakte II Terminal in Rotterdam

German container shipping giant Hapag-Lloyd has completed its acquisition of a 25% stake in APM Terminals Maasvlakte II in Rotterdam, strengthening its ties with Maersk at one of Europe’s most...

Finland Sees Continued Demand for Icebreakers Despite Warming Winters, Citing Security Concerns

Finland expects to operate at least as many icebreakers in the coming decades as it does today, despite rising temperatures and declining average ice coverage in the Baltic Sea. This is the conclusion of a new government-commissioned report that also highlights growing security requirements and changes in the commerci…

Iran Oil Exports Near Zero But Peace Deal Not Likely, FGE Says

Iranian oil exports have dwindled to almost nothing under the US naval blockade, but the chance of an imminent deal between the two sides to end the war is low, according to FGE NexantECA.

DenAr takes on Turkey’s first offshore wind seabed survey campaign

Turkish marine survey specialist DenAr Ocean Engineering Services has been selected by the country’s Ministry of Energy and Natural Resources to carry out geophysical and geotechnical seabed investigations for Turkey’s first offshore wind development programme. The NCS-01 project covers two areas in the Sea of Marmara…

India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist

Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg. Despite the recovery of crude oil flows from the Gulf via Hormuz to nearly pre-war levels, buyers…

State Customs Service intercepts psychotropic drugs smuggled from Kazakhstan

Venergy doubles VLCC order at Hengli

Greek shipowner Vyron Vasileiadis has firmed up another two VLCCs at China’s Hengli Heavy Industries, doubling Venergy Maritime’s debut supertanker order to four vessels. The Piraeus-based company exercised the options attached to its October contract for two firm 306,000 dwt crude carriers, with all four vessels sche…

Capital Tankers scores up to $82m suezmax fixture

Evangelos Marinakis-backed Capital Tankers has secured a 15-month charter for one of its modern suezmaxes in a deal expected to generate between $73.1m and $82.2m in revenue. The Oslo-listed tanker owner said on Friday that its 155,348 dwt Amor has been fixed to an unnamed global energy company, with employment starti…

China’s Carbon Emissions Plunge 3.1% as Oil Demand Slumps

A decline in fuel use in China’s industrial sector has led to a 3.1% decline in carbon dioxide emissions in the third quarter of the year, the Finnish climate outlet Centre for Research on Energy and Clean Air has reported, as cited by Reuters. The lower emissions from the world’s largest generator of CO2 resulted fro…

Oil Prices Head for 12% Weekly Loss Despite Fresh Tanker Attacks

Crude oil prices were on course for a sharp weekly drop, with both Brent crude and WTI shedding 12% since Monday, following the results of the U.S. midterm elections, which gave rise to hopes that the war in the Middle East could be brought to a swift end. At the time of writing, Brent crude was trading at $99.42 per …

Kazakhstan to complete investigation into deaths of servicemen during Caspian Sea exercises soon

Ammonia-Powered Bulk Carrier Takes on Green Fuel in Australian First

Australia has completed its first green ammonia bunkering operation involving an ammonia-powered bulk carrier, marking another step toward bringing alternative fuels into commercial shipping. The operation took place earlier this...

Seven Shadow Fleet Tankers Spoof AIS to Hide Novorossiysk Voyages

Sanctioned Tankers Fake Their Positions Near the Bosphorus A cluster of seven sanctioned Russian tankers were found to have routinely and deliberately manipulated AIS over the past 90 days to falsely claim they were drifting off the Black Sea close to the Bosphorus entrance. The tankers were instead identified by Wind…

MARAD Approves $1 Billion Offshore Crude Oil Export Port Off Louisiana

The Trump administration has approved a $1 billion offshore crude oil export project off the coast of Louisiana, clearing a major regulatory hurdle for a facility designed to load some...

Brazilian builds boat from rubbish to collect more rubbish

A former Brazilian ocean canoeing champion has taken recycling to a floating extreme, constructing a boat from 230 discarded plastic containers so he can collect even more rubbish from the sea. Marcos Arnhold spent two months building the unusual craft in Guaratuba, southern Brazil, using 125 two-litre plastic bottles…

US and Turkmenistan Explore New Gas Routes Across the Caspian

US and Turkmen diplomats focused on expanding trans-Caspian connectivity and promoting energy export diversification during annual consultations in Ashgabat. Turkmen officials are signaling a strong desire to improve trade ties with both South Asia and the West, while maintaining the country’s long-standing status as …

War Comes to NATO’s Black Sea Coast, and Shipping Starts Saying No

Maritime experts warn that the westward spread of attacks between Russia and Ukraine, toward NATO coastlines, is now having commercial consequences.

IMO Backs Dominguez for Second Term Amid Shipping Attacks and Climate Deadlock

The International Maritime Organization (IMO) Council has backed Secretary-General Arsenio Dominguez for a second four-year term, extending its support for his leadership despite the organization’s failure to adopt its landmark...

Maersk’s 26-Ship LNG Order Adds Nearly Half a Million TEU to Newbuilding Pipeline

A.P. Moller-Maersk is pressing ahead with one of its largest containership ordering programs in years, confirming in its third-quarter earnings report that it has ordered 26 LNG dual-fuel vessels with...

The Hidden Liabilities In Maritime Acquisitions

What Buyers, Sellers and Investors Often Miss During Due DiligenceBy Sabrina Brigance, CMIP, Managing Director, Marine Practice, Hylant Maritime mergers and acquisitions can create significant opportunities for growth. Private equity...

France Extends Maritime Patrol Plane’s Stay in Black Sea After Cargo Ship Attacks

A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.

Iran Reports More Tanker Fires in Strait of Hormuz

Two oil tankers and a tugboat caught fire in the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Thursday, as Iran continues to report a growing number of incidents with vessels trying to transit the Strait on routes unauthorized by the Islamic Republic. One of the oil tankers hit a naval min…

Drewry: Red Sea Diversion Tracker Shows Significant Increase in Suez Canal Transits

With regional security changing rapidly, Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks. This tracker page is updated fortnightly (every other Tuesday). Most Asia-Europe capacity now back via Suez During …

BP raises over $1bn from Aker BP stake sale

British energy major BP has raised about $1.06bn by selling part of its stake in Norwegian oil and gas producer Aker BP as it continues efforts to strengthen its balance sheet. The company sold 31.6m shares, representing around 5% of Aker BP’s total issued share capital, for NOK311 per share. The transaction generated…

Maersk Slides as Upgraded Guidance Is Lower Than Anticipated

AP Moller-Maersk A/S shares slumped after a guidance upgrade and third-quarter earnings from the world’s second-largest shipping line fell short of analyst estimates.