Tags - tanker
Predicting the recovery in asset prices involves many factors, and the current strength of spot market returns, or term hire rates are only a part of the story, VesselsValue said.
News ID: 80248    Publish Date : 2018/11/01

In spite of the negativity on the tanker market and the shipbuilding order, the Poten & Partners Brokerage Company announced that large number of tanker s have been delivered by the schedule time in 2017 and showed an increase in comparison to 2009. To create balance in market and reduce pressures on freight rates, Suzemaxes were forced to leave the yards on time and bring the final capacity to 10,100 million DWT and a 20.5% increase when compared to 2009.
News ID: 80024    Publish Date : 2018/05/19

The rise of oil prices in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates.
News ID: 78804    Publish Date : 2018/04/23

Low prices seem to be the main reason behind the trend of rising newbuilding orders for tanker s.
News ID: 78788    Publish Date : 2018/04/13

IMO Secretary-General Kitack Lim send his deep sympathy to the families of the missing crew of SANCHI.
News ID: 78050    Publish Date : 2018/01/09

A tanker carrying Iranian oil and operated by the country’s top oil shipping operator was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with a Chinese bulk ship, the Chinese government said on Sunday.
News ID: 78015    Publish Date : 2018/01/07

Euronav is taking over Gener8 Maritime in an all stock merger creating a new giant in the large tanker sector.
News ID: 77834    Publish Date : 2017/12/23

Shipowners appear to be unfazed by the likelihood of low profits continuing into the next year, mainly driven by the continuing excess supply of tanker s, as they have intensified their ordering in 2017.
News ID: 77810    Publish Date : 2017/12/21

Increased demand from Asia and Europe has seen US seaborne export of crude oil surpass the US seaborne export of oil products in terms of billion tonne miles in September and October 2017.
News ID: 77695    Publish Date : 2017/12/15

The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity.
News ID: 77587    Publish Date : 2017/12/08

Crude tanker freight rates are expected to decline further in 2018 following a sharp decline in 2017, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
News ID: 77321    Publish Date : 2017/11/20

Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan, Vice Chairman of Bahri, who possesses extensive experience in oil and gas, transportation and logistics, and other sectors.
News ID: 77320    Publish Date : 2017/11/20

The Board of Directors of COSCO Shipping Energy Transportation (CSET) has approved an investment in 14 new tanker s, the company said in a regulatory filing.
News ID: 77086    Publish Date : 2017/11/01

Despite somewhat increased activity in terms of new orders in the product tanker sector in the first nine months of 2017, the orderbook remains at historically low levels, as disclosed by Capital Product Partners L.P. in a market commentary.
News ID: 77032    Publish Date : 2017/10/29

2017, H1:
Global newbuilding orders have dwindled in the first half of this year to 245 units, dragged down by reduced interest for containers and zero order for offshore vessels, but new orders for bulkers and tanker s have risen, according to data from VesselsValue.
News ID: 75213    Publish Date : 2017/07/26

The OPEC-led production cuts are having negative implications for crude tanker s, particularly very large crude carriers (VLCCs), where earnings saw a significant drop since the start of the year.
News ID: 75194    Publish Date : 2017/07/26

IF the objective of the blockade against Qatar was economic isolation through confusion, the Gulf states headed by Saudi Arabia and United Arab Emirates have succeeded beyond expectations.
News ID: 74409    Publish Date : 2017/06/11

Frontline has posted a sharp 65.8% year-on-year fall in first quarter profit on the back of lower revenue and reduced operating profit.
News ID: 74262    Publish Date : 2017/05/31

Globally 119 new bulkers and tanker s have been ordered since the start of 2017, according to data compiled by VesselsValue Deals. Of those orders, 35 come from Greek ship owners (14 bulkers, 21 tanker s) – by far the most of any nation.
News ID: 73956    Publish Date : 2017/06/02

Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of any market upturn will be heavily influenced by the level of scrapping, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
News ID: 73890    Publish Date : 2017/05/13

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