Oil Tankers

(Drewry) – Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery.

HOUSTON, May 8 (Reuters) – The Alaskan Frontier, a Suezmax tanker typically used to transport Alaskan North Slope crude to West Coast refineries, is

By Jessica Jaganathan SINGAPORE, April 25 (Reuters) – The tanker market may face a “difficult” second and third quarter this year after a

By Henning Gloystein and Libby George SINGAPORE/LONDON, April 21 (Reuters) – The jury is still out over whether an OPEC-led production cut aimed at

By Devika Krishna Kumar NEW YORK, April 20 (Reuters) – A tanker of gasoline en route to New York Harbor from Europe has been diverted to a Caribbean

By Ron Bousso and Libby George LONDON, April 6 (Reuters) – Traders are shipping more gasoline from Europe to the U.S. East Coast ahead of the summer

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