Oil Tankers

(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

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude-tanker market may stay in the doldrums due to a supply overhang, despite stable

By Neena Rai, Dow Jones Newswires, Image by Andrew Winning/REUTERS LONDON (Dow Jones)–A restart of Libyan oil exports will lead to a renewed fixing of

Image courtesy Frontline Oslo-listed oil tanker giant Frontline Ltd. (FRO.LN) Friday said it swung to a $35.24 million net loss in the second quarter, from a

Image courtesy Frontline LONDON (Dow Jones)–Very Large Crude Carrier shipping rates on the benchmark Middle East to Japan route (Ras Tanura/Chiba)

Image: Frontline Tankers SINGAPORE (Dow Jones)–Asia’s freight markets for vessels carrying clean petroleum products may stay bullish in the coming

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude tanker market may stay depressed by heavy supply as September booking begins, but

(Dow Jones) Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company posted a slimmer loss on derivative instruments than the

SINGAPORE (Dow Jones)–Asia’s crude tanker market may bottom out in the coming week, with charterers rushing to fix cargoes before the completion of

Correction to this article…  Ship brokers MJLF & Associates pointed out to us this morning that VLCCs burn ~100MT of fuel per day, which results in