BWT news
BWT news
MT Bluewave Pioneer achieves strong SIRE vetting result and Oil Major acceptance
About two months after delivery, MT Bluewave Pioneer completed her SIRE inspection on 15 October 2026 with four minor observations and has been accepted by Shell, Pertamina and other oil majors.
BWT news
Bluewave Tankers welcomes its first vessel — MT Bluewave Pioneer
On 18 August 2026, Bluewave Tankers took delivery of the first vessel in its fleet and named her Bluewave Pioneer.
Market news
Market news
Product Tanker Rates Hold at Elevated Levels as Crude Tanker Markets Cool
In the week to 6 November 2026, crude tanker rates fell sharply in several segments, while LR2, LR1 and MR earnings stayed broadly flat at very high levels, according to Baltic Exchange data.
Market news
Oil Market Weekly, 26 October–1 November 2026: Brent Above $113 as Vietnam Gasoline Falls After Excise Tax Cut to Zero
Brent rose sharply in October as tension around the Strait of Hormuz persisted, while Vietnam’s gasoline prices fell from 00:00 on 1 November after the special consumption tax was cut to 0%.
Market news
Tanker Market, late october 2026: VLCC rates retreat from record highs while smaller segments diverge
VLCC and Aframax rates have pulled back from record levels but remain many times above pre-crisis norms, while MR and Handy tankers benefit from a recovering product tanker market.
Older updates
Oil Market Weekly, 20–27 October 2026: Crude Tops $110, Vietnam Gasoline Falls While Diesel Rises
Brent held around $113–116 a barrel as tensions escalated around Hormuz and Saudi Arabia. In Vietnam, gasoline prices fell by VND 1,610–1,810 per litre while diesel rose VND 450 in the 22 October pricing review.
Product Tanker Market, Late 2026: Less Cargo, Higher Earnings
Seaborne refined product volumes are down almost 11%, yet product tanker earnings have surged. A look at what is driving the market and what to watch next.