Oil Tankers

Kevin Mackay, the head of Phillips 66′ global marine business unit has been recruited by Teekay Tankers to take over the role of CEO following the

Hyundai Mipo Dockyard’s backlog of LPG carrier newbuilds has grown to 21 today as two more were added to the list by Eastern Pacific Shipping.  The

HAMILTON, Bermuda–(BUSINESS WIRE)– Ardmore Shipping Corporation (NYSE:ASC) (“Ardmore” or the “Company”) today announced the

OSLO, May 27 (Reuters) – OSLO, May 27 (Reuters) – Oil tanker firm Frontline reported deepening losses Tuesday and said it may struggle to repay its

By Oleg Vukmanovic MILAN, May 22 (Reuters) – Angola’s new liquefied natural gas (LNG) export project aims to charter out its entire tanker fleet

By Mark Shenk May 21 (Bloomberg) — U.S. crude imports dropped to a 17- year low last week as the shale boom bolstered output, moving the nation closer to

Christian Waldegrave, Teekay’s Manager of Research, provides an update of the conventional tanker market since the start of 2014 as well as an outlook

By James Paton May 14 (Bloomberg) — Oil Search Ltd., Exxon Mobil Corp.’s partner in a $19 billion liquefied natural gas export project in Papua New

COPENHAGEN, May 14 (Reuters) – Debt-stricken Danish shipping company Torm said it would not be able to comply with its financial covenants on minimum

By Golnar Motevalli and Anthony DiPaola May 8 (Bloomberg) — Iran will export crude oil at the maximum level possible, regardless of restrictions imposed

HOUSTON, May 5 (Reuters) – State-run oil company Petroecuador is offering to buy up to 18 diesel cargoes, 240,000 barrels each, with deliveries starting

Oivind Lorentzen, Chief Executive Officer of Fort Lauderdale-based SEACOR Holdings Inc. (NYSE: CKH) announced plans for further asset growth today as a result

By Christine Harvey May 2 (Bloomberg) — Suncor Energy Inc. and Valero Energy Corp. are poised to use only North American crude in eastern Canada by 2015,

By Kristen Hays HOUSTON, May 1 (Reuters) – The start-up of a major Pacific Northwest rail-to-barge terminal that could bring hundreds of thousands of

Loss-making shipping company Nanjing Tanker Corp will be delisted from the Shanghai Stock Exchange marking the first time for a company backed by the central

By Lynn Doan (Bloomberg) – Gasoline output in the western U.S. jumped to a record as refiners and blenders boosted production to meet stricter

By Ahmed Elumami TRIPOLI, April 7 (Reuters) – Libya’s Zueitina oil port prepared on Monday to load crude on tankers after the government reached a

By Harry R. Weber and Dan Murtaugh April 4 (Bloomberg) — By the time the ships’ pilots realized they were on a crash course, it was too late. The

By Maher Chmaytelli April 1 (Bloomberg) — The Libyan government may be willing to accept an interim deal that would allow oil ports to reopen without

Navig8 Chemical Tankers on Friday announced that it has signed shipbuilding contracts for the construction of two 25,000 dwt eco-design Stainless Steel