Oil Tankers

By Keith Wallis SINGAPORE, March 31 (Reuters) – Freight rates for very large crude carriers (VLCCs), which have fallen to six-month lows, are likely to

By Ole Petter Skonnord OSLO, March 23 (Reuters) – Privately-owned shipping firm BW Group became the top shareholder in tanker firm DHT Holdings on

By Keith Wallis SINGAPORE, March 3 (Reuters) – Freight rates for very large crude carriers (VLCCs), which fell to four-month lows this week, face an

By Yousef Gamal El-Din and Sam Wilkin (Bloomberg) — Gulf Navigation Holding PJSC may sell shares or Islamic bonds as the Dubai-based shipowner plans to

George Economou’s DryShips on Tuesday announced plans re-enter the tanker market with the acuisition of a VLCC and Aframax from two unrelated third

By Laura Blewitt (Bloomberg) — The biggest gasoline market in the U.S. is bursting at the seams. Traders are lining up to export gasoline and diesel from

TRIPOLI, Feb 12 (Reuters) – A new floating storage and offloading (FSO) platform has loaded a first tanker with oil from Libya’s offshore Bouri

By Catherine Ngai and Florence Tan NEW YORK/SINGAPORE Feb 3 (Reuters) – Oil majors and trading houses are set to ship an unprecedented volume

January 2017 already accounts for 22% of the crude oil tankers previous year’s total deliveries, due to tremendous VLCC delivery growth. (BIMCO) –

By Firat Kayakiran, Rachel Graham and Laura Blewitt (Bloomberg) — America’s East Coast gasoline glut is back and it’s so big that tankers bound

OSLO, Jan 31 (Reuters) – Tanker firm DHT Holdings estimated its net asset value at $5.7 per share on Tuesday, above a non-binding all-share offer made by

John Fredriksen’s Frontline Ltd made a non-binding proposal over the weekend where Frontline would acquire all outstanding shares of common stock of

By Anthony DiPaola and Julian Lee (Bloomberg) — Europe is poised to receive the most Iranian crude in about five years this month in a sign that the

By Keith Wallis SINGAPORE, Jan 13 (Reuters) – Freight rates for very large crude carriers (VLCCs) are expected to remain stable next week as buoyant

By Devika Krishna Kumar NEW YORK, Jan 6 (Reuters) – U.S. gasoline prices recently soared to multiyear seasonal highs over European prices, setting the

By Keith Wallis SINGAPORE, Dec 23 (Reuters) – Freight rates for very large crude carriers (VLCCs), which hit a new nine-month high this week, are on

The U.S. Coast Guard medevaced two crew members of a Greek-flagged tanker on Wednesday after they were struck by a flying pressurized object off the coast of

By Keith Wallis  SINGAPORE, Dec 16 (Reuters) – Freight rates for very large crude carriers (VLCCs), which climbed to a nine-month high this week,

By Keith Wallis SINGAPORE, Dec 9 (Reuters) – Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry,

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