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Aging oil tanker in Yemen raises concern about catastrophe in the Red Sea

Jul 23, 2020
Observers worry that the ship — a "pawn" in Yemen’s civil war — could spill its oil and affect fisheries and drinking water.
A 2019 view of the Yemeni port of Hodeida, near where the FSO Safer is moored. Observers say the ship poses risk to the area.
AFP via Getty Images

Cost of shipping oil rises as tankers face more attack risk

Oct 11, 2019
A string of recent oil tanker attacks is leading the industry to take extra precautions and raise shipping and insurance rates.
Fire and smoke billow from a Norwegian-owned oil tanker said to have been attacked in the waters of the Gulf of Oman in June 2019.
AFP/Getty Images

Canada proposes tougher standards for oil tankers

Mar 16, 2015
Stricter rules are likely south of the border too.

Oil traders are hedging their bets

Jan 20, 2015
One strategy: Buying oil then storing it in tankers until prices go back up.