What You Need to Know: On January 12, 1950, the British Royal Navy submarine HMS Truculent sank after colliding with the Swedish oil tanker Dvina in the Thames Estuary. Returning from post-refit trials with 59 crew members and 18 civilian technicians ...

Tanker rates in the Caribbean have been free-falling all week, but the bottom is looming closer, brokers say. "They're about W307 today, but they're starting to firm up" said a U.S. broker. At the end of last week, Exxon fixed the Amazon Eagle for a Gulf ...

Stolt-Nielsen is set to kick off third-quarter earnings next week, but perhaps not on the best foot. Norne Research analyst Karolis Puidokas said he is maintaining a “cautious stance” in light of recent tanker rate performance ahead of the company’s earnings report on 2 October.

A tank vessel grazed the bottom of San Pablo Bay early this morning, but no signs of pollution have been found, the Coast Guard said. The ship immediately backed off and now is anchored south of the Bay Bridge. The Coast Guard got a report about 5 a.m ...

Tanker markets soared into orbit this week for August loading dates, but remained dull and depressed for September loading, brokers said. London tanker brokers said late on Thursday that they were negotiating North Sea Aframax deals (70-80,000 tons) for ...