Correction to this article…  Ship brokers MJLF & Associates pointed out to us this morning that VLCCs burn ~100MT of fuel per day, which results in a daily fuel cost of...

SINGAPORE (Dow Jones)–Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow chartering activity continues to pressure crude tanker rates. The freight rate for...

Image (c) BP p.l.c. SINGAPORE (Dow Jones)–Asia’s crude tanker market may begin to recover due to declining availability of vessels in early August, while increased gasoline demand during summer is also supporting ships carrying...

Image courtesy of Stena Bulk SINGAPORE (Dow Jones)–High availability of vessels is pressuring Asia crude tanker markets, while rates for ships that carry clean petroleum products have remained largely steady,...

Maersk Tankers has inked a deal with Great Eastern Shipping Company Ltd of India for the purchase of 3 newbuild VLCCs with delivery expected for the first half 2012. The...

Hyundai Heavy Industries today handed over a 317,000 DWT VLCC to Oman Shipping Company (OSC). The ship, measuring 333 meters in length, 60 meters in height and 30.4 meters in...

This video show the 1975 construction of the tanker M/V Batillus in St. Nazaire, France. she has since been scrapped.