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), ...

Onassis Foundation-controlled Olympic Shipping head reflected on latest geopolitical developments shaping the tanker market ...

MUSCAT: Newly-listed national shipping company Asyad Shipping recorded a net profit of RO 51.6 million for the year ended ...

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

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

LONDON -- The master of a container ship has been arrested after it collided with an anchored oil tanker Monday in the North Sea, the manager of the container vessel confirmed to ABC News.

London — The Monday collision between a cargo ship and an oil tanker in the North Sea "has a high risk of being an environmental disaster in really important protected areas," Naomi Tilley ...

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 ...

London — An American man who said he was among the crew on the MV Stena Immaculate tanker when it was hit Monday by a cargo ship, causing both vessels to burst into flames off England's east ...

An oil tanker and cargo ship collided in the North Sea off the coast of East Yorkshire on Monday morning, forcing crew members to abandon ship. Both vessels burst into flames after the crash about ...