Oil Tankers

(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

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,

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

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

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

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,

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

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

By Jonathan Saul LONDON, March 18 (Reuters) – Iran’s NITC has replaced Hamid Behbahani, a former minister and ally of President Mahmoud

DUBAI, March 17 (Reuters) – National Shipping Co of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for

By Alister Bull WASHINGTON, March 14 (Reuters) – The United States slapped financial sanctions on Thursday on a Greek businessman it says secretly

By Randy Fabi JAKARTA, March 14 (Reuters) – Indonesia’s leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to

Scorpio Tankers (NYSE: STNG) announced Wednesday yet another equity offering, giving a strong indication that the company will continue its buying spree of

d’Amico International Shipping S.A. announced yesterday the signing of new build contracts with Hyundai Mipo Dockyard for a pair of 50,000 DWT Medium

By Rob Sheridan March 12 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil declined amid speculation

Almi Sun and Almi Explorer have been delivered by Daewoo Shipbuilding and Marine Engineering Shipyard (DSME) and have commenced operations. These ships are

(Bloomberg) — Rates to charter the largest oil tankers on their busiest trade route were little changed as the glut of vessels absorbed increased demand.

NYSE-listed Scorpio Tankers (STNG) on Thursday announced that it has reached an agreement with Hyundai Samho Heavy Industries Co., Ltd. to construct two larger

(Bloomberg) — The biggest glut since 1996 in the supply of the largest oil tankers means owners will have to wait three more years for rates to recover,

Yesterday morning, the chemical tanker Harbour Krystal suffered an explosion and subsequent fire while sailing northbound off the coast of Lisbon, Portugal.