Oil Tankers

From the perspective of tanker owners, particularly of larger tonnage, it is clear that 2013 will not be remembered fondly. Rates have languished at levels

Oct. 17 (Bloomberg) — The cost of shipping Russian oil to northwest Europe had the biggest two-day jump since April as traders accelerated bookings of

By Keith Wallis SINGAPORE, Oct 16 (Reuters) – Shifting trade patterns and China’s growing love affair with the car will help fuel an increase in

LONDON, Oct 16 (Reuters) – Transatlantic clean tanker rates stayed pressured on Wednesday as slow bookings and a build up of vessels took their toll on

By Meeyoung Cho and Jane Chung DAEGU, South Korea, Oct 16 (Reuters) – Iraq said China is seeking to increase purchases of its crude by more than

Euronav, the Belgium-based owner of large crude carriers believes that so-called “eco-ships” do not exist in the large tanker sector and that

Danish newspaper Borsen has reported today that confidential sources reveal Maersk’s plans to build up to 10 long-haul to medium range product tankers.

By Florence Tan DAEGU, South Korea, Oct 14 (Reuters) – Coal will surpass oil as the key fuel for the global economy by 2020 despite government efforts to

Oil tanker firm Frontline said it would convert $25 million of its outstanding debt due in 2015 to equity, an announcement which sent its share price almost 10

The world's top oil trader Vitol has brought tankers with Asian diesel to Europe via the Arctic Ocean, a journey rarely used for oil, in yet another evidence

Oct. 8 (Bloomberg) — The cost of hauling crude on the largest tankers is poised to rise to a four-year high as the biggest demolition program in a decade

Transatlantic clean tanker rates remained pressured on Monday as slow activity and a glut of vessels took their

Petredec, the Singapore-based LPG shipping firm has announced plans to expand their fleet of over 50 gas carriers with a newbuild order recently signed with

AET, the Kuala Lumpur-based tanker operator has announced that two of their 320,000 dwt Very Large Crude Carriers (VLCCs), which are currently under

With flags and confetti, Venezuela launched three new oil tankers in the last 14 months that exemplify the socialist nation's ambitions to diversify exports to

Charter costs for tankers hauling 1 million barrels of oil fell to the lowest in at least 16 years as the glut of vessels seeking cargoes leaves owners

Nantong Sinopacific Offshore & Engineering Co. has been awarded a USD $180 million contract from Odfjell for the construction of four 17,000 cbm

Sept. 30 (Bloomberg) — The widened Panama Canal will cut costs to ship U.S. cooking and heating gases to Asia by shortening voyages, effectively lowering

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2005 built Medium Range (MR) product tanker “Jag Pranav” (about 51,300

Navios Maritime Acquisition Corporation (NYSE: NNA) announced today that it has agreed to extend the existing charters on the LR1 Product Tankers Nave Atropos,