Oil Tankers

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

By Jonathan Saul LONDON, Oct 21 (Reuters) – Crude oil tanker earnings on the major Middle East route stayed firm on Monday helped by positive sentiment

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