Oil Tankers

By Manisha Jha (Bloomberg) — The most destructive oil crash in a generation is giving ship owners a billion-dollar windfall. With the Organization of

HOUSTON, Dec 30 (Reuters) – The world’s largest oil trader Vitol SA has secured a second cargo of U.S.-produced crude for export, just weeks after

By Valerie Volcovici and Catherine Ngai Dec 23 (Reuters) – U.S. energy group Enterprise and oil trader Vitol raced to exploit the end of a 40-year ban on

Jones Act shipbuilder Philly Shipyard says it has delivered the second of four LNG-ready product tankers to Crowley Maritime Corporation, marking the first new

International tanker owner and operator Navios Maritime Acquisition Corporation (Navios Acquisition) is proving that it’s a good time to be in the

With the stroke of a pen, President Barack Obama on Friday ended 40 years of U.S. crude oil export limits by signing off on a repeal passed by Congress earlier

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