tankers

By Firat Kayakiran and Brian Wingfield (Bloomberg) — Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become

By Keith Wallis SINGAPORE, Dec 2 (Reuters) – Freight rates for very large crude carriers (VLCCs), which are hovering close to the multi-month highs hit

By Keith Wallis SINGAPORE, Nov 28 (Reuters) – Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week, could climb

By Firat Kayakiran (Bloomberg) — As OPEC discusses the deepest cuts to oil production in years, one group of people in the energy supply chain are

(Drewry) – Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a

(Ocean Freight Exchange) – Aframax Cross-Med freight rates saw a sharp spike last Friday, nearly doubling from w80 to w140 in a day. Rates have

By Matthew Wheatley, Oil Analyst, Genscape (Genscape) – During the week ending November 11, three vessels, used for floating storage in Iran,

MOSCOW, Nov 11 (Reuters) – Freight rates for Aframax tankers on Black Sea-Mediterranean and cross Mediterranean routes almost doubled on Friday to their

By Alex Longley (Bloomberg) — Oil companies booked tankers to store as many as 9 million barrels of crude in northwest Europe amid signs that space

By Marta Nogueira (Reuters) – The transportation unit of Brazil’s state-controlled oil company Petrobras said on Thursday that it planned

By Keith Wallis SINGAPORE, Oct 21 (Reuters) – Freight rates for very large crude carriers (VLCCs) could dip but are likely to remain firm next week on

By Firat Kayakiran (Bloomberg) — Oil tanker rates jumped to a four-month high as traders booked the most cargoes for the time of year on record,

By Mahmoud Habboush (Bloomberg) — Abu Dhabi National Oil Co. will combine three shipping and ports units less than a month after consolidating two

By Jessica Jaganathan and Keith Wallis SINGAPORE, Oct 12 (Reuters) – Glencore’s shipping unit ST Shipping has chartered a newly built very large

By Jessica Jaganathan SINGAPORE, Oct 11 (Reuters) – Hong Kong-based trader Winson Oil has bought a very large crude carrier (VLCC) to store oil in the

By Catherine Ngai and Liz Hampton NEW YORK/HOUSTON, Oct 6 (Reuters) – Robust Asian demand for West African crude is fueling a worldwide surge in shipping

By Keith Wallis SINGAPORE, Sept 30 (Reuters) – Freight rates for very large crude carriers (VLCCs) are set to rise further next week, fuelled by a raft

MEXICO CITY, Sept 24 (Reuters) – A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all

Teekay Offshore Partners announced today that it has been awarded new three-year shuttle tanker contracts in the North Sea. The contracts of affreightment

By Saket Sundria and Dhwani Pandya (Bloomberg) — As the shipping industry grapples with a prolonged slump in demand, carriers in India are grateful for