Oil Tankers

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

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