tankers


Friday, April 12, 2013
vlcc supertanker

Tanker Rates Gain for First Time in Three Weeks

Rob Sheridan (Bloomberg) — Charter costs for the biggest oil tankers hauling Middle East crude to Asia rose for the first time in three weeks amid

April 12, 2013
Total Views: 51

Thursday, April 11, 2013
ridgebury tankers
Finance

Bob Burke Wasn’t Kidding After All, Ridgebury Tankers Gets $200 Million Investment

“Stand by for some big news,” mentioned Bob Burke when I ran into him in Connecticut this spring. I met Bob a little over a year ago when we

April 11, 2013
Total Views: 393

Tuesday, April 9, 2013
circassia frontline tankers crude oil tanker
News

Miserable VLCC Market Continues as Tankers Queue up in Persian Gulf

(Bloomberg) — A glut of oil tankers competing to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is set to stay at the highest

April 9, 2013
Total Views: 51

Monday, April 8, 2013
Teekay Shipping
News

Teekay Joins the Rush for Eco-Product Tankers, Places $188 Million New Build Order

Teekay Tankers (NYSE:TNK) announced today a $188 million order for four new 113,000 DWT Long Range 2 (LR2) product tankers from South Korea’s STX

April 8, 2013
Total Views: 111

Thursday, April 4, 2013
Myles Itkin osg
News

OSG’s Long-Time Chief Financial Officer Sacked

New York-based tanker company Overseas Shipholding Group announced last night that it has, in effect, fired its Chief Financial Officer and Treasurer, Mr.

April 4, 2013
Total Views: 138

Wednesday, April 3, 2013
navios acquisition
News

Navios Closes $144 Million Deal for 5+2 MR2 Product Tankers

Navios Maritime Acquisition Corporation (NYSE: NNA) announced today that it has signed a $143.8 million deal to purchase five MR2 product tankers with an

April 3, 2013
Total Views: 32

medium range tanker transpetrol
News

Gasoline Cargoes to U.S. Seen Increasing in Shipbroker Survey

(Bloomberg) — The number of gasoline cargoes booked on tankers for shipment to the U.S. will expand in the next two weeks, according to a Bloomberg

April 3, 2013
Total Views: 30

Tuesday, April 2, 2013
frontline tankers
News

Caught Up in Horrific Market Conditions, Fredriksen’s Frontline Tankers Says No

(Bloomberg) — Frontline Ltd., the oil-tanker operator led by shipping billionaire John Fredriksen, said it’s rejecting some cargoes after a rout in

April 2, 2013
Total Views: 82

Yuan Yang Hu ship tanker vlcc
News

Chinese Supertanker Loads in Iran, Insurance Coverage Likely Nullified

By Chen Aizhu BEIJING, April 2 (Reuters) – A Chinese tanker loaded crude in Iran in March, according to shipping data and an industry official, the first

April 2, 2013
Total Views: 97

Monday, April 1, 2013
Product Tanker Hits Bridge in New Hampshire [UPDATE]
Incidents

Product Tanker Hits Bridge in New Hampshire [UPDATE]

A 16,909 DWT oil product tanker has struck the Sarah Mildfred Long bridge on the Piscataqua River, the river that forms the border between southern Maine and

April 1, 2013
Total Views: 119

Thursday, March 28, 2013
medium range tanker transpetrol
News

Increased Spot Charters from US Gulf Coast Expected as Plants Complete Maintenance Cycle

(Bloomberg) — Exports of diesel fuel from the U.S. Gulf Coast are poised to climb as refineries returning from maintenance boost production, widening the

March 28, 2013
Total Views: 39

Wednesday, March 27, 2013
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong

China VLCC Seen at Iran Port for First Time Since EU Ban

By Isaac Arnsdorf and Jasmine Wang March 27 (Bloomberg) — A Chinese supertanker able to haul 2 million barrels of crude sent a signal from Iran’s

March 27, 2013
Total Views: 32

berlian laju tanker logo
Finance

Berlian Laju Tanker Company Files for Chapter 15 Creditor Protection

(Reuters) – Indonesia-based oil and gas shipping company, PT Berlian Laju Tanker, filed for Chapter 15 creditor protection in a U.S. bankruptcy court on

March 27, 2013
Total Views: 55

Tuesday, March 26, 2013
scorpio tankers
Uncategorized

Scorpio Tankers Adds Six to Newbuild Total

Scorpio Tankers Inc. (NYSE: STNG) on Tuesday said it has agreed to construct six additional eco-friendly, LR2 product tankers for a total cost of $300 million,

March 26, 2013
Total Views: 35

Friday, March 22, 2013
BW Utik vlcc supertanker tanker
News

VLCC Charter Rates Show First Decline in 3 Weeks

(Bloomberg) — Charter rates for the largest oil tankers on the industry’s busiest trade route declined for the first time in three weeks amid

March 22, 2013
Total Views: 87

Thursday, March 21, 2013
circassia frontline tankers crude oil tanker
News

VLCC Market Rises on Greater Japanese Demand, Owners Still Struggling to Survive

By Jonathan Saul LONDON, March 21 (Reuters) – Crude oil tanker earnings on the major Middle East route rose on Thursday, helped by firmer bookings,

March 21, 2013
Total Views: 37

norden
Interesting

Norden Captain: “Hey Look, No Engines!”

Nord Integrity Captain Cut the Power and Drifted for Days to Save Fuel By Isaac Arnsdo (Bloomberg) — A tanker owned by D/S Norden A/S, Europe’s biggest

March 21, 2013
Total Views: 46

Tuesday, March 19, 2013
Euronav Adds to 2012 Losses

Euronav Adds to 2012 Losses

Euronav said Tuesday that it has added an additional $32 million to its 2012 losses from the sale of its newbuild Suezmax tanker, the 157,648 dwt Cap Isabella,

March 19, 2013
Total Views: 45

Fredriksen’s Frontline 2012 Almost Doubles Ship Orders Amid Glut

Fredriksen’s Frontline 2012 Almost Doubles Ship Orders Amid Glut

By Rob Sheridan (Bloomberg) — Frontline 2012 Ltd., the shipping company led by billionaire John Fredriksen, almost doubled the number of vessels

March 19, 2013
Total Views: 38

Monday, March 18, 2013
Canada Moves to Improve Oil Tanker Safety

Canada Moves to Improve Oil Tanker Safety

CALGARY, Alberta, March 18 (Reuters) – Canada’s government will examine strengthening oil tanker safety, including introducing new laws and

March 18, 2013
Total Views: 42