supertankers

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)

Image: Frontline Tankers SINGAPORE (Dow Jones)–Asia’s freight markets for vessels carrying clean petroleum products may stay bullish in the coming

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude tanker market may stay depressed by heavy supply as September booking begins, but

SINGAPORE (Dow Jones)–Asia’s crude tanker market may bottom out in the coming week, with charterers rushing to fix cargoes before the completion of

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

SINGAPORE (Dow Jones)–Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow

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

Image courtesy of Stena Bulk SINGAPORE (Dow Jones)–High availability of vessels is pressuring Asia crude tanker markets, while rates for ships that carry

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

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

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