Oil Tankers

Navios Maritime Acquisition Corporation (NYSE: NNA) announced today they have acquired the 2003-built VLCC Nave Celeste for purchase price of $35.4 million.

LONDON, Aug 12 (Reuters) – Striking security guards again halted loadings at Libya’s two largest crude oil export terminals, Es Sider and Ras

Aker Philadelphia Shipyard (APSI) and Crowley Corporation have announced today a partnership to build four Jones Act-compliant, 50,000 dwt, 330,000-barrel

Aug. 8 (Bloomberg) — NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced that four of their eleven MR2 newbuild product tankers have just received charter contracts.

(Bloomberg) — The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for

The KM Patriot Andalan, a Pertamina oil tanker, is seen as it sinks at Ternate port, Indonesia Maluku Utara province July 31, 2013. The oil tanker owned by

Earnings for tankers carrying 20,000 metric-ton cargoes in stainless-steel tanks will rise 12 percent to an average of $14,500 a day next year, the most since

LONDON, July 29 (Reuters) – Transatlantic clean tanker rates were steady on Monday, although slower activity put the brakes on a recent rally. Rates for

LONDON, July 22 (Reuters) – Pirates have released an oil products tanker and its 24 Indian crew after it was hijacked off the Gabon coast last week, the

July 12 (Bloomberg) — Bookings of the largest oil tankers jumped to the highest for the time of year since at least 2007 as demand for crude cargoes

(Bloomberg) — Brazil’s purchase of the first cargo of liquefied natural gas exported from Angola may signal weaker- than-expected demand for

The current heat wave on both US coasts makes the idea of going anywhere, with the exception of the beach, an unappealing task. Nevertheless, roads and

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced plans to acquire two chemical tanker newbuilds as well as the exercised option to acquire two

LONDON, July 8 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday although the transatlantic

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced the Nave Equinox, a 2007-built, 50,922 dwt MR2 Ice Class 1A product tanker was delivered

Nigeria’s liquefied natural gas company (NLNG) is expecting a ruling on Friday on a tax dispute with the maritime security agency, whose blockade of its

Scorpio Tankers Inc. (NYSE: STNG) has announced a big investment into the liquefied petroleum gas (LPG) transportation sector. The product tanker owner has

By McQuilling Services, LLC, Situational awareness requires that people know their surroundings and the risks inherent therein. In a crowded theater, one

June 28 (Reuters) – Shipping company Ardmore Shipping Corp filed with U.S. regulators to raise up to $160 million in an initial public offering of common