supertankers

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

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

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

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

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

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

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

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

(Bloomberg) Charter rates for the largest oil tankers hauling Middle East crude to Asia slid the most since January this week as the supply of cargoes

By Balazs Koranyi OSLO, May 30 (Reuters) – Frontline Ltd, the tanker arm of shipping tycoon John Fredriksen’s business empire, expects losses to

(Bloomberg) — Oil-tanker owners will struggle to retain crews and maintain ships after losing the most money in four decades, according to the

(Bloomberg) — Charter rates for the largest oil tankers hauling Middle East crude to the U.S. climbed after stronger demand drew vessels to Asia,

In 2010, Teekay and their JV partner paid just under $100 million to order a newbuild VLCC, but since then quite a bit has changed in the crude tanker

April 22 (Bloomberg) — Exxon Mobil Corp., the world’s biggest energy company by market value, booked two tankers to haul oil to the U.S. Gulf Coast

(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

By Chen Aizhu BEIJING, April 2 (Reuters) – A Chinese tanker loaded crude in Iran in March, according to shipping data and an industry official, the first

(Bloomberg) — Charter rates for the largest oil tankers on the industry’s busiest trade route declined for the first time in three weeks amid

By Jonathan Saul LONDON, March 21 (Reuters) – Crude oil tanker earnings on the major Middle East route rose on Thursday, helped by firmer bookings,

Knightsbridge Tankers announced today signed contracts for a pair of 182,000 DWT Capesize bulk carriers new-builds from Japan Marine United Corporation (JMU).

AET announced today that they have accepted delivery of the Eagle Varna, a brand new 320,000 DWT VLCC recently built by DSME in Okpo, Korea. This new ship