supertankers

LONDON (Dow Jones)–Up to 2 million barrels of North Sea Forties crude are set to head to Asia later this month, supporting the price of the grade, which

LONDON (Dow Jones)–Saudi Arabia’s state shipping company, Vela, is set to ship more oil to the U.S. this month, after a flurry of activity in March

SINGAPORE (Dow Jones)–Iran is shipping fuel oil to Singapore using a supertanker from its own fleet as Western sanctions make it difficult for buyers to

LONDON (Dow Jones)–More North Sea Forties crude is set to move to Asia this month, pushing up prices as part of an arbitrage that until December was

The Great Eastern Shipping Company Ltd. took delivery of its 318,000 DWT Very Large Crude Carrier (VLCC) Ardeshir H Bhiwandiwalla from Hyundai Heavy

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

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

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

Following in the recent footsteps of the containership industry and their newly formed, G6 Alliance, the crude tanker industry is consolidating their assets

At about 2100hrs on 04 Jan 2012 (Singapore time), the Maritime and Port Authority of Singapore (MPA) received a report that a Singapore-registered

SINGAPORE (Dow Jones)–European trader Vitol has provisionally chartered a supertanker to ship North Sea Forties crude to Asia loading early January, in

LONDON (Dow Jones)–Total SA (FP.FR) has booked a supertanker to ship North Sea Forties crude oil–the main component of global benchmark

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

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

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

(Dow Jones) A flagging economy and more domestic production is leading to decrease in US oil imports–bad news for tankers. Frontline (FRO) expects

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

LONDON (Dow Jones)–A growing number of oil tankers are dropping anchor rather than shipping crude to market as the rate of ship construction outpaces

SINGAPORE (Dow Jones)–The Asian crude tanker market will likely stay weak due to persistent oversupply, while vessels carrying clean petroleum products

Image courtesy Frontline LONDON (Dow Jones)–Very Large Crude Carrier shipping rates on the benchmark Middle East to Japan route (Ras Tanura/Chiba)