ASIA CRUDE OUTLOOK: Let’s Just Say It’s Complicated
For those of you who aren’t petroleum traders, here are some definitions that may help you digest the rest of this article below. This article
For those of you who aren’t petroleum traders, here are some definitions that may help you digest the rest of this article below. This article
HONG KONG (Dow Jones)–China Rongsheng Heavy Industries Group Holdings Ltd. (1101.HK) received an order for 10 Suezmax oil tankers from Global Union
Oil tanker giant, Frontline Ltd., announced today that the company’s restructuring has been approved by the Board of the Company will be put forward to
Four VLCC tanker owners announced Tuesday preliminary plans to team up in an effort to cut costs amid slumping tanker rates. The four partners included in
(Dow Jones) FBR slashes its price target on Frontline (FRO) to $1.50 from $5.50 as it downgrades the oil-tanker operator to underperform in the wake of the
(Dow Jones) A flagging economy and more domestic production is leading to decrease in US oil imports–bad news for tankers. Frontline (FRO) expects
SINGAPORE (Dow Jones)–Asia’s petroleum tanker markets may extend a recent period of strength in the coming week, as charterers are busy fixing
General Maritime Corp. (GMR) voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will
This incredible image sequence was captured by Ron Wheeler this morning on board the Mykonos, a new drillship owned by OceanRig. Doesn’t get much
LONDON (Dow Jones)–The shipping costs for Very Large Crude Carriers, or VLCCs, traveling from the Arabian Gulf soared this week, supported by a tight
SINGAPORE (Dow Jones)–Asia’s crude tanker markets may see continued support in the coming week due to healthy demand, while improving gasoil demand
SINGAPORE (Dow Jones)–Asia’s petroleum tanker markets will likely stay anemic due to persistent oversupply, though falling bunker prices could
LONDON (Dow Jones)–A growing number of oil tankers are dropping anchor rather than shipping crude to market as the rate of ship construction outpaces
SINGAPORE (Dow Jones)–The Asian crude tanker market will likely stay weak due to persistent oversupply, while vessels carrying clean petroleum products
Nordic Sprite, image by Olivier Vitre Nordic American Tankers Ltd. (NAT) said it agreed to buy a double-hull suezmax tanker built at Samsung Heavy
Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude-tanker market may stay in the doldrums due to a supply overhang, despite stable
By Neena Rai, Dow Jones Newswires, Image by Andrew Winning/REUTERS LONDON (Dow Jones)–A restart of Libyan oil exports will lead to a renewed fixing of
Image courtesy Frontline Oslo-listed oil tanker giant Frontline Ltd. (FRO.LN) Friday said it swung to a $35.24 million net loss in the second quarter, from a
Image courtesy Frontline LONDON (Dow Jones)–Very Large Crude Carrier shipping rates on the benchmark Middle East to Japan route (Ras Tanura/Chiba)
Image: Frontline Tankers SINGAPORE (Dow Jones)–Asia’s freight markets for vessels carrying clean petroleum products may stay bullish in the coming
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