OPEC

COPENHAGEN, Denmark, Nov. 18, 2009 (GLOBE NEWSWIRE) -- "Profit for third quarter 2009 is in line with expectations and better than the second quarter. Despite the continued low freight rates for product tankers, we are satisfied with TORM's success in securing earnings above average market levels and at the same time deliver the planned cost reductions. We see, however, no signs of immediate market recovery, but our long-term strategic focus on the product tanker market remains," states CEO Mikael Skov. * Profit before tax for the first nine months of 2009 was USD 11 million, in line with the latest full-year forecast for 2009. * Profit before tax for the third quarter was USD 4 million, including a positive impact of USD 21 million from the sale of two bulk carriers. As announced earlier, the vessels were sold during the second quarter ...

HAMILTON, BERMUDA -- (MARKET WIRE) -- 11/18/09 -- Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release its financial results for third quarter 2009 on Friday November 27, 2009. The Company plans to host a conference call and a webcast for all shareholders and interested parties on Friday November 27, 2009 at 10:30 AM (EST) / 4:30 PM (Central European Time). Relevant material will be available from the Investor Relations section at www.shipfinance.org as of the same day. In order to listen to the presentation you may do one of the following: a. Webcast Go to the Investor Relations section at www.shipfinance.org and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have ...

HAMILTON, BERMUDA -- (MARKET WIRE) -- 11/17/09 -- Press release (PDF): http://hugin.info/201/R/1355609/329108.pdf Nordic American Tanker Shipping Ltd. (the "Company") today took delivery of the suezmax vessel that the Company agreed to acquire in early October 2009. The double hull suezmax vessel has been named Nordic Mistral. Including the Nordic Mistral and the acquisition announced November 9, the fleet of the Company consists of 18 suezmax vessels of which two are newbuildings expected to be delivered in May 2010 and August 2010, respectively. The Nordic Mistral will be employed in the spot market. This acquisition represents an important step in the further development of the Company. The transaction is in line with the Company's strategy with focus on accretive growth ...

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/1087c0/oman_oil_and_gas_r) has announced the addition of the "Oman Oil and Gas Report Q4 2009" report to their offering. The Oman Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Oman's oil and gas industry. The latest Oman Oil & Gas Report from BMI forecasts that the country will account for just 0.64% of Middle East (ME) regional oil demand by ...

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/87526c/equatorial_guinea) has announced the addition of the "Equatorial Guinea Oil and Gas Report Q4 2009" report to their offering. The Equatorial Guinea Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Equatorial Guinea's oil and gas industry. The new Equatorial Guinea Oil & Gas Report from BMI forecasts that the country will account for just 0.03% of African regional oil demand by ...