Rates for very large crude carriers (VLCCs) on key Asian routes face an uncertain week as owners seek to push for higher rates, while charterers could cap fixture activity to cool the recent spike in prices, brokers said.

A backlog of over 30 oil tankers has built up outside the Iraqi port of Basra and shippers face lengthy delays of up to three weeks to load oil because of bad weather and possible oil quality issues, shipping industry sources said.

Supertanker owners from Tokyo to Athens said demand to store oil on vessels is strengthening, with Morgan Stanley and Evercore Partners Inc. predicting the highest shipping rates in six-years are possible.

The number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to stockpile.

The VLCC Al Kout was delivered last week by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the Kuwait Oil Tanker Company...

Bermuda-based crude oil shipping firm DHT Holdings announced today that it has acquired Samco Shipholding Pte. Ltd, a Singapore firm that owns and operates a fleet of seven very large...

The supertanker jetty at the North Sea's Hound Point crude oil terminal is shut for maintenance and will not reopen until Sept. 15, industry sources said on Thursday, making sending excess cargoes to Asia more difficult for traders.

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering programme for the first 20 days of August

Our client is looking to buy three or possibly four VLCCs 10-12 years old, Double-Hull Financing will also be needed. Serious inquiries only. Contact: Rob Almeida [email protected] +1 954.850.4611

Scorpio Tankers Inc. (NYSE: STNG) says it is set to make $50 million in cash on the resale of it's seven newbuild VLCC's still under construction.

eams of workers, aided by ships and aircraft, will complete on Monday the sea cleanup of 164,000 litres of oil that leaked off South Korea's southern coast, the coast guard said, after a pipeline run by GS Caltex Corp cracked at the weekend.

NYSE-listed Scorpio Tankers (NYSE: STNG) announced Tuesday that it has entered into agreements for the construction of seven VLCC newbuilds, marking the company's entry into the VLCC market.

Record Asian oil demand is spurring the region’s refineries to charter the most supertankers in a year, driving shipping rates to the highest level since 2010.

From the perspective of tanker owners, particularly of larger tonnage, it is clear that 2013 will not be remembered fondly. Rates have languished at levels most thought had been consigned...

By Keith Wallis SINGAPORE, Oct 16 (Reuters) – Shifting trade patterns and China’s growing love affair with the car will help fuel an increase in shipping costs for very large...

Euronav, the Belgium-based owner of large crude carriers believes that so-called “eco-ships” do not exist in the large tanker sector and that building them does nothing more than exasperate the...

AET, the Kuala Lumpur-based tanker operator has announced that two of their 320,000 dwt Very Large Crude Carriers (VLCCs), which are currently under construction at the Daewoo Shipbuilding & Marine...

July 12 (Bloomberg) — Bookings of the largest oil tankers jumped to the highest for the time of year since at least 2007 as demand for crude cargoes accelerates before...

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 a time when U.S. purchases...

The surplus of tankers competing to ship 2 million-barrel oil cargoes from ports in the Persian Gulf expanded for a second week.