tankers

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

By Tracy Alloway and Javier Blas (Bloomberg) — From Norway to the Bahamas, from Algeria to Australia. Ultra-low crude prices combined with cheap shipping

By Dmitry Zhdannikov (Reuters) Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the

By Liz Hampton HOUSTON, Aug 23 (Reuters) – The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large

By Catherine Ngai (Reuters) A rare opening of an export window for crude moving from the U.S. Gulf to Western Europe has caused a flurry of interest among oil

By Keith Wallis SINGAPORE, Aug 5 (Reuters) – Freight rates for very large crude carriers (VLCCs), which hit multi-year lows on Thursday, could slip

By Serene Cheong (Bloomberg) — Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for

By Libby George LONDON, Aug 2 (Reuters) – The UK-based trading arm of Beijing-backed Sinopec will give up the megatanker it booked to park crude in Asia

By Keith Wallis SINGAPORE, July 22 (Reuters) – Freight rates for very large crude carriers (VLCCs) are likely to hold steady around existing levels as