This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. GIBRALTAR (AP) — The captain of an Iranian ...

A new crude oil supertanker launched by the China Merchant Energy Shipping company is making use of four large sails to reduce its fuel consumption. And with great results: the four 130-foot masts cut ...

The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker to be registered for demolition in more than two years, a sign that increased scrutiny on ...

The rates for chartering an oil supertanker from the Middle East to Asia have hit their highest level since April. The jump in the number of tankers that have joined the “dark fleet” to ship ...

MOGADISHU, Somalia -- Somali pirates have taken their greatest prize -- a Saudi supertanker with $100 million of crude oil -- farther offshore in what appears to be a rare defensive move following ...

MOGADISHU (Reuters) - Somali pirates said on Saturday they had received a record ransom of $9.5 million for the release of Samho Dream, a South Korean oil supertanker they hijacked in the Indian Ocean ...

* Somali pirates seize huge crude oil supertanker * Ship en route from Iraq to US, chartered by Valero * Last big tanker held 2 months, freed for ransom (Updates with Valero comments, details) SEOUL, ...

The United Nations has released a plan to offload 1 million barrels of oil off a rusting supertanker that has been moored off the coast of Yemen for more than 30 years. In an attempt to avert what ...

Iran seized a second oil tanker in less than a week, ratcheting up tensions for shipping in one of the world’s most vital trade corridors. Iran’s Islamic Revolutionary Guard Corps Navy intercepted the ...

The United Nations officially launched its mission this week to prevent what it says could be an "environmental catastrophe" on the Red Sea. Sitting off the coast of Yemen lies a nearly ...

The 24 year old very large crude carrier was sold to an Indian scrapyard last week, according to a BRS Shipbrokers report and scrap dealer Wirana Shipping Corporation. Image by TanyaJoy via iStock The ...