Tanker Rates Slump, U.S. Oil Imports Follow Suit
(Bloomberg) — The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for
(Bloomberg) — The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for
June 18 (Bloomberg) — China’s oil imports are contracting for the first time since 2009, reducing the biggest source of demand for crude tankers at
Shipping magnate John Fredriksen sees no quick turnaround on the market for crude oil tankers, but is more optimistic about the outlook for other arms of his
By Balazs Koranyi OSLO, May 30 (Reuters) – Frontline Ltd, the tanker arm of shipping tycoon John Fredriksen’s business empire, expects losses to
(Bloomberg) — A glut of oil tankers competing to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is set to stay at the highest
(Bloomberg) — Frontline Ltd., the oil-tanker operator led by shipping billionaire John Fredriksen, said it’s rejecting some cargoes after a rout in
By Rob Sheridan (Bloomberg) — Frontline 2012 Ltd., the shipping company led by billionaire John Fredriksen, almost doubled the number of vessels
By Rob Sheridan (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, dropped to the lowest level in 15 months in Oslo
By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping
(Dow Jones) Frontline Ltd.’s (FRO, FRO.LN) third-quarter loss narrowed sharply as the oil tanker company’s operating expenses dropped, though
(Bloomberg) — China is using the most supertankers in five months to meet record demand for oil imports, diminishing a glut of shipping capacity and
Frontline Ltd., the world’s largest operator of supertankers, reached an eight-month low in Oslo trading after forecasting deteriorating returns from
For the first time this year, slowing growth in oil demand is spurring analysts to cut estimates for earnings in the tanker industry’s largest vessels.
John Fredriksen’s Frontline 2012 announced Monday that the company has placed an order for two VLGC’s marking the recently spun off tanker
Frontline Ltd.’s (FRO) first-quarter earnings fell 53% on a double-digit drop in revenue as the company said demand in the tanker market continues to lag
It was quite a day for shareholders of Frontline Tankers. Their stock shot up nearly 29% on news of increased VLCC and Suezmax tanker day rates. In a note
(Dow Jones) Ship Finance International Ltd. (SFL) said its chief financial officer plans to step down in the second quarter to join another shipping company.
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
Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communication services, today announced that Frontline, the world leader in the
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
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