Older VLCCs are still being linked to secondhand sales at firm prices as buyers stay optimistic on the freight market outlook ...

A Greek VLCC has left Scotland after six years of operating as an oil storage vessel. The 299,000-dwt Australis (built 2003), ...

Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish ...

India and China have been taking different approaches to mitigate short-term  crude oil supply disruptions, Vortexa said in a ...

Clearly, the Suezmax tanker has neither the trading flexibility of an Aframax nor the economies of scale of the VLCC, and yet it is subject to compliance with OPA 90 for much of its trade.

Oil Market Report’ is a monthly publication of the OPEC Secretariat focusing on short-term developments in the global oil ...

A container ship hit a stationary U.S.-flagged oil tanker on Monday, forcing the crews to abandon ship. A search for a missing crew member ended Monday night. By Megan Specia Reporting from London.

The search for a missing crew member from the container ship was unsuccessful. A Portuguese container ship collided with a U.S.-flagged oil tanker while the tanker was anchored in the North Sea ...

Emergency responders tackled a massive explosion in waters near England early Monday after a cargo ship and oil tanker collided, causing fires on both vessels and sending dozens to the hospital.

An oil tanker and a cargo ship collided in the North Sea off the UK coast on Monday, triggering a major rescue mission. UK authorities launched lifeboats and firefighting vessels to the scene some ...

The 59-year-old man was arrested after a container ship struck an oil tanker in the North Sea on Monday. A crew member was presumed dead after an extensive search was called off. By Megan Specia ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...