Asian Refiners Shift to Smaller Tankers as Crude Shipping Costs Soar

• Tuesday, 20th October 2026
• by Sarah Samir

Asian oil refiners are turning to smaller tankers, securing vessels through long-term charters, and buying Middle Eastern crude on a delivered basis to contain feedstock costs as oil shipping rates hover near record h...

Fright Rates Increase for East of Suez Dirty Tankers

• Monday, 18th May 2015
• by Egypt Oil & Gas

Freight rates for dirty tankers in the East of Suez market have gone up sharply to hit their highest level so far in 2015 last week, amid strong demand to move crude and fuel oil and spike in interest for floating sto...

Ships Collide in Egypt’s Suez Canal

• Sunday, 19th April 2015
• by Egypt Oil & Gas

Two container ships collided in Egypt’s Suez Canal early on Saturday, delaying traffic through a vital global trade route for several hours, sources in the canal authority said. Traffic resumed after the Danish-...