Shipping

More oil moves into storage

The U.S. Department of Energy (DOE) is to fill the Strategic Petroleum Reserve (SPR) to its maximum capacity by purchasing 77 million barrels of American-produced crude oil. Last week, DOE announced a

Car carrier giant to cut fleet size

Oslo, Norway, headquartered RO/RO specialist Wallenius Wilhelmsen says that, with the coronavirus situation evolving rapidly across the globe, it is taking precautionary steps to adjust its operations and safeguard its liquidity going

OSG operates Jones act tankers

OSG completes Alaska Tanker Company acquisition

Overseas Shipholding Group, Inc. (NYSE: OSG) reports that its subsidiaries have completed the purchase of three U.S.-flagged crude oil carrier vessels, the Alaskan Explorer, Alaskan Legend, and Alaskan Navigator from BP Oil