Oil Tankers

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,

Finnish oil refining and marketing firm Neste Oil has announced it will be selling off its entire fleet of ships and will outsource all ship management

Scorpio Tankers Inc. (NYSE: STNG) has announced that four MR product tankers under construction in South Korea will be added to their fleet in exchange for

By Jonathan Saul LONDON, Sept 10 (Reuters) – Crude oil tanker earnings on the major Middle East route stayed under pressure on Tuesday with a surplus of

In a conversation with Ridgebury Tankers CEO Robert Burke this afternoon, he confirmed that his company has agreed to acquire four MR tankers from Yasa

While the sizzling summer months are coming to a close and cooler weather is beginning to set in in the North East United States, political tension in the

Aug. 28 (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, urged shipowners to scrap crude carriers that are more

TRIPOLI, Aug 26 (Reuters) – Libya warned on Monday it will attack and destroy any tanker illegally exporting oil after forces last week fired at a

Teekay’s Market Analyst Christian Waldegrave reports a low, but seasonally “normal” summer in the conventional tanker market, with not much

By John Kemp LONDON, Aug 23 (Reuters) – The United States has emerged as a big net exporter of propane and other liquefied petroleum gases (LPGs), thanks