Oil Tankers

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

HOUSTON, July 18 (Reuters) – British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday,

By Jonathan Saul LONDON, July 18 (Reuters) – The cost of shipping oil through the Black Sea and Mediterranean fell on Monday after a failed coup in

Oslo-listed Stolt-Nielsen Limited (Oslo Børs: SNI) announced Monday an agreement to acquire the chemical tanker operations of Jo Tankers for approximately

By Wael Mahdi (Bloomberg) — A venture between Arab Petroleum Investment Corp., known as Apicorp, and National Shipping Co. of Saudi Arabia will create

By Keith Wallis SINGAPORE, July 12 (Reuters) – Oil tankers face choppy waters over the next 18 months as a torrent of new ships pushes down freight

By Hashem Kalantari and Anthony DiPaola (Bloomberg) — Iran plans to double crude exports so long as the increase in shipments is absorbed by global

By Ron Bousso LONDON, July 4 (Reuters) – At least two tankers carrying gasoline-making components have dropped anchor off New York Harbor for nearly a