Oil Tankers

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.

(Bloomberg) — The Obama administration will report today that Iran’s state-owned oil company is linked to a military unit sanctioned for weapons

Greek shipowner Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) announced today a three-year time charter extension for the Arctic, a 2007 built, 163,216

In what initially appears to have been caused by a navigational error, an Aframax tanker owned by Vancouver-based Teekay Tankers, has run aground off the coast

LONDON–Iranian ships have started sailing under the Moldovan flag as others lose their Tuvalu flags, databases and campaigners say, as Iran to play an

(Bloomberg) — China’s two biggest shipowners said a market slump may continue for at least two more years as more vessels enter service and the

(Bloomberg) — The Louisiana Offshore Oil Port, the largest waterborne petroleum import terminal in the U.S., has begun to receive tankers of domestic

(Bloomberg) — China Ocean Shipping Group Co., the nation’s biggest ship operator, is considering an order for very large crude carriers as the

Wärtsilä Hamworthy said today that it has won a contract with Hyundai Mipo Dockyard to supply cargo handling equipment and engineering to four medium

Malaysian tanker owner and operator AET, announced today they have entered into a long-term contract with Norwegian energy giant Statoil ASA to operate two