Oil Tankers

LONDON (Dow Jones)–Iranian oil stored at sea is building up due to international sanctions but the measures are also proving a boon to its home-grown

COPENHAGEN (Dow Jones)–Financially strapped Danish shipping company Torm A/S (TORM.KO) said Monday a planned liquidity injection would result in its

The Board of Directors of Heidmar Holdings LLC, the holding company for Heidmar Inc, announced today that they had selected its new Executive team to lead the

Teekay Corp. (TK) said it will sell 13 of its 17 directly owned conventional tankers to its subsidiary Teekay Tankers Ltd. (TNK) in a stock-and-debt deal

Iran is disabling tracking systems on most of its 39-ship tanker fleet, Reuters reported Friday, citing oil industry, trading and shipping sources, who said it

LONDON -(Dow Jones)- BP PLC (BP.LN) is investigating allegations of impropriety in its shipping division but still doesn’t know whether there is any

The Coast Guard, along with the Louisiana Department of Envrionmental Quality and Plaquemines Parish, said it responded to a fuel oil spill late Monday and

LONDON (Dow Jones)–Two more cargoes of North Sea Forties crude have been dropped from the April loading program and one delayed by several days as Total

(Dow Jones) Iraq’s new single-point mooring, or SPM, terminal in the south is loading a third tanker Tuesday at a rate of 800,000-900,000 barrels a day,

Stolt Tankers B.V., a subsidiary of Stolt-Nielsen Limited (Oslo Børs: SNI) and owner and operator of MT Stolt Valor, reported today that the fire on the

It was quite a day for shareholders of Frontline Tankers.  Their stock shot up nearly 29% on news of increased VLCC and Suezmax tanker day rates. In a note

LONDON (Dow Jones)–BP PLC (BP) said Thursday it is conducting an internal investigation into allegations of bribery at its tanker chartering division,

RIO DE JANEIRO (Dow Jones)–Brazilian oil field services company OSX Brasil S/A (OSXB3.BR), part of Brazilian businessman Eike Batista’s industrial

TORM has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. TORM Lana will be

Tanker operators are bracing themselves for headwinds from U.S. and European Union trade sanctions imposed on Iranian oil, adding to the many challenges the

MUMBAI (Dow Jones)–Indian Oil Corp. (530965.BY) has canceled an Iran spot shipment contract with Shipping Corp. of India (523598.BY) because of the

A new generation of 37,000-tonne tankers have been ordered for the Royal Navy fleet, the Ministry of Defense announced today. The new Military Afloat Reach and

The Great Eastern Shipping Company Ltd. took delivery of its 318,000 DWT Very Large Crude Carrier (VLCC) Ardeshir H Bhiwandiwalla from Hyundai Heavy

SINGAPORE (Dow Jones)–The Asian fuel oil market is likely to consolidate with a bullish stance next week; traders say the product’s spreads look

Bermuda-based Knightsbridge Tankers Ltd (NASDAQ:VLCCF) reported yesterday a net income of USD 9.5 million (EUR 7.1m) for the fourth quarter of 2011, up from