Bermuda-based Knightsbridge Tankers Ltd (NASDAQ:VLCCF) reported yesterday a net income of USD 9.5 million (EUR 7.1m) for the fourth quarter of 2011, up from USD 6 million a year earlier. [...]
SINGAPORE (Dow Jones)–Norwegian oil major Statoil ASA (STL.OS) has chartered a vessel to ship North Sea Forties crude oil to Asia, in what could be at least the fourth arbitrage [...]
Oman Shipping Company S.A.O.C. (OSC) took delivery of one of their latest Very Large Crude Carrier (VLCC) the DABA, at Hyundai Heavy Industries co. Ltd’s (HHI) Yard in Ulsan, South [...]
Following in the recent footsteps of the containership industry and their newly formed, G6 Alliance, the crude tanker industry is consolidating their assets by creating a “VLCC pool” named Nova Tankers [...]
At about 2100hrs on 04 Jan 2012 (Singapore time), the Maritime and Port Authority of Singapore (MPA) received a report that a Singapore-registered containership, Kota Tenaga and a Malta-registered VLCC, [...]
SINGAPORE (Dow Jones)–European trader Vitol has provisionally chartered a supertanker to ship North Sea Forties crude to Asia loading early January, in what could be at least the third such [...]
LONDON (Dow Jones)–Total SA (FP.FR) has booked a supertanker to ship North Sea Forties crude oil–the main component of global benchmark Brent–to Asia from Europe, in a second such move [...]
SINGAPORE (Dow Jones)–Asia’s crude-tanker markets may stay supported on the back of healthy demand in the coming week, though upside is limited, as supply is also healthy. The spot rate [...]
For those of you who aren’t petroleum traders, here are some definitions that may help you digest the rest of this article below. This article by Gurdeep Singh of Dow Jones [...]
Four VLCC tanker owners announced Tuesday preliminary plans to team up in an effort to cut costs amid slumping tanker rates. The four partners included in the deal are Phoenix [...]
(Dow Jones) A flagging economy and more domestic production is leading to decrease in US oil imports–bad news for tankers. Frontline (FRO) expects further increases in US output, which will [...]
LONDON (Dow Jones)–The shipping costs for Very Large Crude Carriers, or VLCCs, traveling from the Arabian Gulf soared this week, supported by a tight market and strong seasonal demand from [...]
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