Frontline struggles with financial challenges amid market cycles. Read why FRO stock is a potential buy near $14 per share ...

Greece’s Performance Shipping has secured a strong price and a big profit for one of its aframax tankers. The Nasdaq-listed ...

Norway has restarted imports of Libyan oil via a Scorpio Tankers ship chartered by domestic oil major Equinor. The shipment ...

The Company acquired the M/T P. Yanbu in the fourth quarter of 2020 for US$22 million. This sale is expected to generate a gain of approximately US$21.5 million in the first quarter of 2025, excluding ...

With a robust balance sheet, we look forward to the delivery of our three newbuild LNG-ready LR2 Aframax tankers and our newbuild LR1 chemical/product oil tanker, beginning with the delivery of ...

Teekay was created in 1973, and currently owns and operates the world's largest fleet of medium-sized (Aframax) oil tankers. Employing more than 2,700 people worldwide, Teekay is well regarded ...

the average one-year charter rate for Aframax tankers increased from US$41,700 per day to US$44,300 per day. The three-year charter rates for oil tankers have also risen, increasing from US$30,400 ...