Oil Tankers

Tanker shipping news – VLCC and Aframax crude rates, product tanker fixtures, chemical carrier demand, sanctions fleet shifts and crude oil tankers.

Friday, January 18, 2013
athenian victory hhi hyundai heavy shipyard shipbuilding supertanker
Engineering News

40 New Supertankers to be Delivered in 2013

Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012

January 18, 2013
Total Views: 67

Wednesday, January 16, 2013
astrup fearnley
News

Daily Earnings for VLCCs Drop as Charterers “Drip-Feed the Market”

Jan. 16 (Bloomberg) — Costs to ship Middle East oil to Asia, the tanker industry’s busiest trade route, fell for a third day as completion of cargo

January 16, 2013
Total Views: 48

Tuesday, January 15, 2013
dht eagle frontline vlcc supertanker
News

VLCC Rates Fall as Ships Compete for Fewer Available Cargos

The surplus of the largest oil tankers available for loading in the Middle East rebounded from a six-week low, according to a Bloomberg News survey. There are

January 15, 2013
Total Views: 79

Friday, January 11, 2013
Overseas Reymar osg
Collision

OSG Tanker Cleared to Sail After Bridge Allision

The U.S. Coast Guard on Friday said that it has completed interviews, evidence collection, and a thorough safety inspection onboard the Overseas Reymar tanker

January 11, 2013
Total Views: 63

stolt sagaland
Engineering News

Deltamarin Wins Retainer to Design 5 Chemical Tankers for Stolt Nielsen

Deltamarin Ltd announced today they have been retained to become the designer for five 38,000 DWT stainless steel parcel chemical tankers for Stolt-Nielsen

January 11, 2013
Total Views: 130

Thursday, January 10, 2013
vlcc supertanker
Uncategorized

VLCC Rates Lower for 10th Straight Session, Middle East is “Sufficiently Supplied”

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, fell for a 10th session amid speculation

January 10, 2013
Total Views: 43

Monday, January 7, 2013
Overseas Reymar osg panamax tanker allision san francisco
Incidents

OSG Tanker Allides With San Francisco Bay Bridge [INCIDENT PHOTOS]

A double-hulled oil tanker owned by Overseas Shipholding Group sustained damage, but is not believed to be leaking oil after alliding with the San Francisco

January 7, 2013
Total Views: 215

M/T Achilleas vlcc
News

Capital Product Partners Swaps Pair of VLCCs for 7,943 TEU Containerships

ATHENS, Greece – Capital Product Partners L.P. (NASDAQ: CPLP) today announced that it acquired from Capital Maritime & Trading Corp. (CMTC) two post

January 7, 2013
Total Views: 48

Wednesday, January 2, 2013
savoie vlcc euronav
News

Earnings for Supertankers Fall as Holiday Season Curbs Vessel Demand

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, fell for a fourth session as the year-end holiday

January 2, 2013
Total Views: 39

oil storage tanks minah raysut salalah port
News

Fuel Tanks Available in Singapore as Oil Traders BP and Gunvor Group Move Offshore

SINGAPORE–After scrambling for years to secure space in Singapore’s onshore oil storage tanks, some of the biggest fuel oil traders in Asia are

January 2, 2013
Total Views: 235

Thursday, December 27, 2012
New York Harbor Oil Terminals Expected to Operate Through Strike
Ports

New York Harbor Oil Terminals Expected to Operate Through Strike

Oil terminals in the New York Harbor are expected to operate through a dock workers strike scheduled for later this week, traders and sources close to port

December 27, 2012
Total Views: 356

Thursday, December 20, 2012
tsakos energy navigation arctic suezmax
News

Tsakos Energy Navigation Caps off 2012 with Three New Charters

Tsakos Energy Navigation Limited (NYSE: TNP) rose over 4 percent today on the New York Stock Exchange after an announcement that they have signed six-month

December 20, 2012
Total Views: 92

Monday, December 17, 2012
d'amico
News

d’Amico International Exercises $64 Million Option for Two More Product Tankers

d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international product tanker owner, announced today their plans to exercise an option to

December 17, 2012
Total Views: 54

Friday, December 14, 2012
front duke vlcc supertanker frontline

VLCC Rates Gain for Second Straight Day

By Rob Sheridan Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, gained as more ships were booked.

December 14, 2012
Total Views: 79

Tuesday, December 11, 2012
Scorpio Goes on ‘Eco’ Binge
Uncategorized

Scorpio Goes on ‘Eco’ Binge

NYSE-listed Scorpio Tankers Inc. (STNG), a global provider of marine transportation of petroleum products, on Monday announced that it has ordered a total of

December 11, 2012
Total Views: 40

Monday, December 10, 2012
General Maritime to Manage Key Unipec Tanker Pool

General Maritime to Manage Key Unipec Tanker Pool

General Maritime Corp. will place as many as 19 of its tankers in a pool to transport crude for China International United Petroleum & Chemical Co., or

December 10, 2012
Total Views: 28

Tuesday, December 4, 2012
teekay conventional tanker market update
News

Teekay Tankers: A Flat Market Ahead with Sprinkles of Volatility [REPORT]

Christian Waldegrave, Market Analyst from Teekay presents the factors that contributed to this year’s boost in tanker demand in the first half of the

December 4, 2012
Total Views: 35

Monday, December 3, 2012
U.S. Ethanol Imports Boosting Demand for Chemical Tankers

U.S. Ethanol Imports Boosting Demand for Chemical Tankers

(Bloomberg) — The U.S. is importing the most ethanol in four years after the country’s worst drought in a half century drove corn prices to a

December 3, 2012
Total Views: 250

Friday, November 30, 2012
Expanded Iran Sanctions Target Energy, Ports, Shipping and Shipbuilding Sectors
Shipbuilding

Expanded Iran Sanctions Target Energy, Ports, Shipping and Shipbuilding Sectors

(Bloomberg) — Two U.S. senators who pressed for the economic sanctions that have reduced Iran’s crude oil exports and earnings have proposed

November 30, 2012
Total Views: 38

Thursday, November 29, 2012
frontline tankers
News

Frontline Misses Wall Street Estimates, VLCC Sector Improvement Could be Short-Lived

(Dow Jones) Frontline Ltd.’s (FRO, FRO.LN) third-quarter loss narrowed sharply as the oil tanker company’s operating expenses dropped, though

November 29, 2012
Total Views: 34