[Stay on top of transportation news: Get TTNews in your inbox.] Long-standing warnings from the oil tanker industry that too few of the ships are being built are coming back to haunt the market after ...

A spike in freight rates for tankers hauling oil has prompted a wave of vessels to join the lucrative trade, with dozens of ...

Shipping rates for clean tankers and containers have reached nearly $100,000 per day due to disruptions in the Red Sea. The blockage has led to increased freight costs, particularly for oil and ...

Nearly a dozen massive oil tankers, filled with Iranian crude, are currently sitting idle off the coast of Malaysia. These ships, carrying around 17 million barrels of oil, have either stopped moving ...