New double hulls are faster with higher pumping rates.

Increased fleet and market presence cited as one of many rationales for friendly takeover.

Malaysian liner says going around Africa would add to fuel and other costs while not eliminating pirate risk.

Company announces resignation of directors and change of chief financial officer.

Cut comes despite a 375% jump in Q3 net profit.

Group is looking to sell still more of its fleet.

Seaarland and Motia, TMT diverting tankers away from the Gulf of Aden.

$1.07 per share payout on December 10 'reflective of the strong spot market'.

Owner Nobu Su says his oil tankers will circle the African continent instead.

Its tanker unit has already received the first one, which is slated for charter to a Chinese oil firm.

Proposes additional dividend of $0.76 per share as it sticks to recently upgraded full-year profit forecast.

MISC blames losses in its liner business and higher operating costs.

Intertanko backing operators in pulling vessels out of the Gulf of Aden and waters off Somalia.

Q3 profit hit, but results for first nine months are strong.

Says it is still optimistic on long term prospects.

New York Stock Exchange says the owner's shares under-performing.

Says it is diversifying; brokers say tanker market a 'safer bet'.

Broker says price tag 'very expensive' in 'present circumstances'.

OSG has denied potential $2 billion deal.

Record profits of the first nine months of 2008.

But it cuts quarterly dividend by a third to 'strengthen its balance sheet'.

Q3 was 'healthy contributor' to nine month results, despite high bunker prices.

Tanker owner scrambling for OTC credentials after exchange trading suspended.

MOL restructuring to effectively meet 'new seaborne trade'.

Half its tanker fleet on 'attractive' long-term charters.

In anticipation of strong Q3 earnings and dividend payout.

Government to fund doubling of Petrobras tanker fleet.

New York-listed owner reports 'best ever third quarter'.

TCE rates for its crude oil tankers on the spot market up 143.5% in Q3.

Will pay $198 million to operate the supertankers for five years.

Brokers say tanker segment is safer from economic downturn than dry bulk or box trades.

Profits surge 91% for first nine months, but slump in final quarter could shrink full year growth to only 50%.

Net profit almost doubles year-on-year.

Neste Oil reports strong Q3 for refining margins and shipping, but decline in retail.

Achieves net profit for Q3 'above expectations' ahead of merger with Genmar.

Q3 results for China's largest tanker company boosted by rising crude imports.

Net profit for first nine months of this year up 224% from same period last year.

Company also expanding to 'capitalise on the positive fundamentals of the crude oil tanker market'.

Nevertheless expects the company to 'generate strong cash flow for shareholders this year'.

ICP Capital structured and arranged $121 million financing package for the acquisition of two product tankers.

The global product tanker specialist is moving into the larger, long range segments.