Oil Tankers

Wärtsilä Ship Design announced today that they have come up with a new Aframax tanker design concept that they believe will provide  higher fuel

Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), held a ceremonial keel laying today for

Well this is a timely trial… The Prestige was a single-hulled Liberian-owned oil tanker, operating under a Bahamian flag, which sank off the coast of

LONDON–The U.S. and the European Union are looking to close loopholes in sanctions designed to impede Iran’s oil exports after it emerged that

A fuel-shipping firm backed by Blackstone Group LP (BX) has ordered two $130-million tankers from a San Diego shipyard, but there is a catch: the firm

LONDON–BP PLC (BP) is looking to ship 2 million barrels of North Sea crude to South Korea at the end of October, according to shipping fixtures seen

(Bloomberg) — European sanctions on buying oil from Iran are turning into a windfall for owners of Suezmax tankers, shipping the most cargoes in at least

(Bloomberg) — Saudi Arabian Oil Co., the world’s biggest state-owned crude producer, increased the number of supertankers it hired to haul oil to

Oct. 5 (Bloomberg) — An Iranian supertanker is heading to South Korea with a cargo of oil, according to shipping data, as the Islamic republic uses

Overseas Shipholding Group, Inc. (NYSE: OSG) announced today that a new service agreement has been signed with Maersk Oil Qatar AS (MOQ) for the FSO Africa, a

LONDON–Danish shipping giant A.P. Moller Maersk A/S (AMKBY) is in talks with Vitol SA over reports the trading house chartered one of the

(Bloomberg) — Earnings for the biggest crude tankers will be 25 percent lower next year than previously estimated as increased U.S. shale-oil production

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50

China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate

Teekay’s Market Analyst Christian Waldegrave gives his September 2012 conventional tanker market update while attending the Jefferies Conference in New

Total annual operating costs in the shipping industry increased by an average of 2.1 percent in 2011 led primarily by increasing crew costs, says international

(Bloomberg) — Telling the difference between a deadly surface mine and a bloated sheep carcass bobbing belly-up in the Persian Gulf is among the skills

LONDON–A manager with the National Iranian Tanker Co. rejects U.S. claims that the oil transport company is a state company and says it should not be

CARACAS–Venezuelan state oil monopoly Petroleos de Venezuela, or PdVSA, signed a 15-year crude supply contract with India’s Reliance Industries

(Bloomberg) — Total SA lost its bid to overturn a ruling holding it responsible for the 1999 oil spill following the sinking of a tanker it had hired.