Oil Tankers

By John Kemp LONDON, Dec 16 (Reuters) – Congressional leaders have reached a deal to lift the 40-year-old ban on exporting U.S. crude in a symbolically

By Brian Wingfield and Jennifer A. Dlouhy (Bloomberg) — The U.S. is poised to reverse an energy policy that has helped define its relations with the

By Ron Bousso and Libby George LONDON, Dec 15 (Reuters) – Tankers laden with diesel heading from the U.S. Gulf Coast to Europe are turning around in

LONDON, Dec 14 (Reuters) – Commodities trading firm Trafigura expects tougher conditions in tanker markets next year as weaker world economy prospects

By Naomi Christie and Rakteem Katakey (Bloomberg) — Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group

By Keith Wallis SINGAPORE, Dec 4 (Reuters) – Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as vessel

By Naomi Christie and Manisha Jha (Bloomberg) — Oil tanker rates soared to the highest in seven years amid an acceleration in the number of bookings and

HOUSTON (Reuters) – A backlog of tankers waiting to unload around Venezuela has built up, even though a crude cargo from France’s Total and another

Denmark-based tanker owner TORM says it has ordered four newbuild LR2 tankers from Guangzhou Shipyard International (GSI) in China for $200 million, with

By Jonathan Saul and Libby George LONDON, Nov 19 (Reuters) – Record high freight rates are creating more headaches for traders looking to house millions

By Jonathan Saul and Libby George LONDON, Nov 13 (Reuters) – As land storage sites worldwide reach brimming point due to a supply glut, tens of millions

VANCOUVER, Nov 13 (Reuters) – Canadian Prime Minister Justin Trudeau has instructed Transport Minister Marc Garneau, in a letter released on Friday, to

  COPENHAGEN, Nov 11 (Reuters) – Busy refineries boosting tanker freight rates in the oil tanker market helped both Danish shipping companies D/S

  HOUSTON, Nov 10 (Reuters) – A traffic jam of oil tankers has emerged along the U.S. Texas coast this month, a snarl that some traders see as the

  By Jonathan Saul LONDON, Nov 9 (Reuters) – The market for hedging oil tanker freight has revived sharply this year to a value of $4.5 billion

  Teekay Tankers says delivery has been completed for all 12 suezmax crude oil tankers from its acquisition of Principal Maritime’s fleet announced

  Up to nine personnel from a self-propelled barge may have been killed after their vessel collided with a Marshall Islands-flagged tanker in

  Sunday – The tanker Tokyo Spirit was refloated Sunday afternoon with the help of tugs. The ship was to be towed to a local repair yard. We are

  By Manisha Jha (Bloomberg) — Supertankers hauling crude to China are contending with increased waiting times to unload as some on- land storage

  DUBAI, Oct 8 (Reuters) – National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a significant