tankers

The world’s largest tanker owner, Frontline Ltd., has just announced the completion of major corporate restructuring following a sustained weak global

MONACO – Scorpio Tankers Inc. (NYSE: STNG) announced that it has  signed a contract with South Korea’s Hyundai Mipo Dockyard Co. (HMD) to

LONDON (Dow Jones)–Total SA (FP.FR) has booked a supertanker to ship North Sea Forties crude oil–the main component of global benchmark

New fleet being built in Korea to the latest environmental standards and Common Structural Rules Almi Tankers S.A, the expansion-minded Greek wet-market

SINGAPORE (Dow Jones)–Asia’s crude-tanker markets may stay supported on the back of healthy demand in the coming week, though upside is limited, as

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