Oil Tankers

Record Asian oil demand is spurring the region’s refineries to charter the most supertankers in a year, driving shipping rates to the highest level

Iran is quietly mobilising more ships to store and transport oil, aiming to keep its fields working and mitigate losses of several billion dollars a month from

By Daniel Fineren DUBAI, Nov 24 (Reuters) – Iran’s nuclear deal with the West is not intended to let more of its oil into the market, the White

Following up on their stated intentions this past August, Frontline 2012 Ltd. has finalized a sale agreement today with Avance Gas Holding Ltd. (AGHL) of

Teekay’s Manager of Research, Christian Waldegrave notes that following the past few months of weakness within the crude tanker market as a result of

Blackstone Group LP, the world’s largest manager of alternative assets, as well as billionaires Wilbur Ross and John Fredriksen are amassing tanker

Oil tanker firm Frontline has terminated two charter contracts with Ship Finance International Limited and agreed to pay $90 million in compensation for the

Hyundai Mipo Dockyard (HMD) announced today they have signed a newbuild order with an undisclosed European shipowner for four chemical tankers for a total

By Swetha Gopinath and Garima Goel Nov 1 (Reuters) – After four years in the doldrums, the specialized chemical tankers that ply the seas between the

What do the Chinese cities of Qingdao, Ningbo and Dalian have in common and what's the quickest way of getting from one to the

Hyundai Mipo added nearly a half billion dollars to their backlog today with a 16-ship order from an undisclosed Middle Eastern shipowner today. The order

By Jonathan Saul LONDON, Oct 29 (Reuters) – Crude oil tanker earnings on the major Middle East route were firmer on Tuesday helped by recent healthy

Dorian LPG Ltd., a pure-play LPG shipping company based in Stamford, Connecticut has entered into an agreement with Scorpio Tankers (NYSE: STNG) to acquire

By Kristen Hays and Terry Wade CORPUS CHRISTI, Texas, Oct 28 (Reuters) – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in

There’s been a bit of talk recently about the security vulnerabilities when it comes to hacking the Automatic Identification System (AIS), a system

Luxembourg – October 24th, 2013 – d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company,

Oct 22 (Reuters) – American Petroleum Tankers Partners LP, controlled by Blackstone Group LP, filed with U.S. regulators to raise up to $172.5 million in

Shipowner J. Lauritzen, following their announcement in mid-August to gradually exit the product tanker market, has concluded the sale today of its fleet of

Oct. 22 (Bloomberg) — Scorpio Tankers Inc. is leading the biggest construction boom for vessels hauling diesel and oil products since the recession five

Oct. 22 (Bloomberg) — OAO Rosneft outlined a deal to supply China Petrochemical Corp., or Sinopec, 100 million metric tons of crude during 10 years as