Clarkson: Tanker business upturn to continue its run during 2001

The first of five, state-of-the-art double-hulled tankers to be operated by Phillips Petroleum Co., the Polar Endeavour will begin carrying Alaska North Slope crude oil this spring. In March, the company launched the second in the series, the Polar Resolution built by Polar Tankers at the Litton Avondale shipyard, New Orleans. The Phillips tankers are the first to be built to haul Alaskan oil since passage of the US Oil Pollution Act of 1990. Click here to enlarge imageOil tankers are experiencing a record year, reports Clarkson Research Studies, London, in its most recent semiannual review of the world's tanker industries. Earnings for oil tankers have doubled, it says, and summer ...

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