Oil Tankers

Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the

Athens, Greece-DryShips Inc. (NASDAQ: DRYS), an international shipper of dry bulk and petroleum cargos, and through its deepwater drilling subsidiary, Ocean

Standard & Poor’s Ratings Services has lowered Overseas Shipholding Group’s long-term credit rating to ‘D’ after the company

(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the

Unlike cars, ships can’t just pull the e-brake and stop in the middle of the ocean when they rendezvous with another vessel such as an FPSO.  For close

(Bloomberg) The supply of the largest crude tankers to haul Middle East oil is contracting as the vessels sail instead to West Africa, where the flow of

(Bloomberg) — Gasoline shipments to the U.S. from Europe are poised to fall after inventories of the auto fuel swelled because of distribution

(Bloomberg) — Crude tankers shipping almost 20 percent of the world’s oil curbed seven weeks of losses as declining fuel costs helped owners

Bermuda-based Knightsbridge Tankers (NASDAQ: VLCCF) reported their Q3 financials today and gave us an overview of the tanker and dry bulk markets.  With

After Overseas Shipholding Group, Inc. (NYSE:OSG) announced last month they were considering filing for Chapter 11 bankruptcy protection, their stock took a

At the end of June, the National Shipping Company of Saudi Arabia (Bahri) announced plans to merge with Saudi ARAMCO’s shipping arm, Vela International,

(Bloomberg) — A glut of the largest oil tankers in the Persian Gulf was poised to remain unchanged for a second week, a Bloomberg News survey showed.

(Bloomberg) — Charter rates rose for the largest tankers hauling Middle East oil to Asia on the industry’s busiest trade route as the supply of

Update: The Times of India has reported that the five sailors died of asphyxiation as a result of the gas leak. Original: Five crew members of an

(Bloomberg) — Oil-tanker rates have jumped for vessels hauling refined fuel cargoes from the Caribbean and Europe on strengthening export volumes from

(Bloomberg) — President Barack Obama and the governors of New York and New Jersey took steps to ease the misery of motorists waiting in miles-long lines

(Bloomberg) — Tankers able to deliver almost 215,000 metric tons of gasoline are waiting outside New York Harbor to unload their cargoes after the worst

US Department of Homeland Security Secretary Janet Napolitano has issued a Jones Act waiver to allow foreign-flagged ships from the Gulf of Mexico into ports

A tanker grounding in India turned fatal on Wednesday after a lifeboat capsized in heavy surf  and now many are wondering why the Coast Guard wasn’t

LONDON–Iran is playing a complex game of cat-and-mouse as it tries to assist its ally Syria while avoiding tighter international sanctions on its oil