The number of very large crude carriers (VLCC) engaged in non-trading activities, primarily Iranian/non-Iranian crude storage and fuel oil storage, has started to slip, according to the latest tanker report from Gibson Shipbrokers.
News ID: 72855 Publish Date : 2017/03/07
STATE-OWNED Shipping Corporation of India is looking to purchase secondhand suezmax tankers as it steps up its fleet expansion plans.
News ID: 71919 Publish Date : 2017/01/28
Based on the delivery schedule of the current orderbook, deliveries of new tankers in 2017 will reach the highest level since 2009, however, Poten & Partners argues that the orderbook may not be as scary as it looks.
News ID: 71827 Publish Date : 2017/01/24
Tanker owners will face loss-making rates in 2017 while the industry at large remains several years away from a full recovery, Bimco warns.
News ID: 71329 Publish Date : 2017/01/03
Freight earnings and asset prices are down on year and may fall further next year
News ID: 71261 Publish Date : 2017/01/01
higher 2017 tanker scrapping will result in positive 2018 in the global market.
News ID: 71020 Publish Date : 2016/12/30
Tanker owner and operator Frontline has secured a commitment for a senior secured term loan facility of up to USD 321.6 million in November to partially finance eight of its newbuildings.
News ID: 70797 Publish Date : 2016/12/11
International market development, the main target of NITC, one of the biggest fleets worldwide, has been considered a pillar of power for Iran and has managed to successfully move forward in the realm of oil tankers despite the numerous rivals and tough competition in energy market.
News ID: 70564 Publish Date : 2016/11/27
Given the orderbook, the tanker market is expected to experience ample supply growth in the coming years while the forecasts for tanker demand growth are rather subdued, according to Poten & Partners.
News ID: 70305 Publish Date : 2016/12/11
The large Iranian tanker fleet is regaining cover from the mainstream protection-and-indemnity (P&I) clubs, ending years where trading has been crippled by sanctions on the provision of insurance.
News ID: 68372 Publish Date : 2016/08/22