Oil Tankers

Hyundai Mipo Dockyard (HMD) announced today the winning of a six-ship petrochemical tanker newbuild order worth KRW 187,500,000,000 (USD $185 million). The

By Anna Louie Sussman NEW YORK, July 1 – U.S. ship builders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale

On June 24, 2014, various news sources reported that the Department of Commerce (“DOC”) had allowed two companies to export processed condensate,

The 105k deadweight ton Aframax tanker Eagle Sydney was at Statoil’s Kårstø oil terminal last week taking on a cargo of condensate (light crude oil).

The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed, tempering the impact of a law that’s banned

The Hellenic Coast Guard says it has seized a record of more than 2 tons of heroin smuggled into the country aboard a Togolese-flagged tanker, leading to the

Nova Tankers, which until recently has operated up to 50 very large crude carriers (VLCC), will close down its business at end of June, the company said in a

After two weeks at the Grand Bahamas Shipyard, the Pelican State, a 2009-built US-flagged product tanker owned by APT – a Kinder Morgan company, had its

Jones Act shipbuilder Aker Philadelphia has delivered the first of two Liberty-class aframax tankers to ExxonMobil’s U.S. marine affiliate, SeaRiver

Heung-A Shipping announced today the order of a pair of 3,500 dwt chemical tankers for a total consideration of KRW 28,462,000,000 (approx. USD $28 million).

Crude oil production is up 64 percent since 2008 and currently stands at 8.2 million barrels per day, noted Daniel Yergin, Vice Chairman of IHS at a CSIS

Aker Philadelphia Shipyard ASA (AKPS) is gaining additional product tanker newbuild orders following the start up of Philly Tankers AS, a new Jones Act tanker

By Julia Payne and Stephen Jewkes LONDON/MILAN, June 6 (Reuters) – Italy has warned oil traders they face potential legal action from Baghdad if they buy

Iraqi Kurdistan's bid to sell its first tanker of crude oil appeared to suffer its second setback in as many weeks on Thursday after the ship left a port in

This weekend’s hijacking of an oil tanker in Southeast Asia follows a broader pattern of crime in the region, security experts

By Nayla Razzouk and Khalid Al-Ansary June 3 (Bloomberg) — An oil tanker shipping crude from Iraq’s semi-autonomous Kurdish region turned back after

The body of the missing captain of a Japanese oil tanker that exploded off the countries southwest coast has been found, the coastguard has

By Raheem Salman BAGHDAD, June 1 (Reuters) – Oil exports from Iraq rose by 8 percent in May and a new floating terminal was inaugurated that will expand

An oil tanker ship exploded off the coast of western Japan today after delivering its cargo, leaving one of its eight crew missing. An update Thursday says the

By Heesu Lee May 29 (Bloomberg) — The U.S. will benefit from increased oil production and lower gasoline prices if the government lifts restrictions on