CAIRO, Egypt -- It seems inconceivable: Somali pirates in speedboats foil warships from the world's most powerful navies to prey on shipping lanes crucial to the oil supply. How do they do it?

A new crude oil supertanker launched by the China Merchant Energy Shipping company is making use of four large sails to reduce its fuel consumption. And with great results: the four 130-foot masts cut ...

U.S. sanctions on Russia and Venezuela have boosted tonne-miles, increased floating storage, and shifted trade from shadow ...

FILE PHOTO: A satellite image shows the very large crude carrier (VLCC) Skipper, which British maritime risk management group Vanguard said was believed to have been seized on December 10, as well as ...

The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker to be registered for demolition in more than two years, a sign that increased scrutiny on ...

Supertanker rates reached record levels earlier this year. Very Large Crude Carrier rates have plunged to just $38,000 per day, falling some 62% from a few weeks ago. OPEC+ cuts and waning SPR ...