January 22, 2021
DHT Holdings has announced the acquisition of two scrubber-fitted, 2016-built VLCCs for a total price of $136m. (more…)
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Tankers
January 21, 2021
Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the...
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January 20, 2021
The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude...
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January 19, 2021
Avin International LTD has ordered a Suezmax tanker from the Chinese shipbuilder New Times Shipbuilding Co., and the tanker is set to become the first...
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January 12, 2021
Global spot dirty tankers’ fixtures declined 16% year on year to 8,101 in 2020 but Unipec, Shell and Vitol have retained their positions as the...
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January 11, 2021
Iran said on Sunday that South Korea should avoid politicizing the seizure of its vessel by Iranian Revolutionary Guards in the Gulf, Iranian state media...
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January 5, 2021
As the coronavirus pandemic continues to stifle petroleum product demand globally, the clean tanker market looks to be in store for an extended period of...
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December 30, 2020
In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American...
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December 30, 2020
Freight rates for US Gulf Coast loading VLCCs and Suezmaxes are expected to remain low until the second or third quarter of 2021, as the...
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December 28, 2020
Aegean Shipping Management announced that on the 24th of December 2020, the Company has exercised the option for the acquisition of the 3rd vessel in...
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December 16, 2020
Qatar, the world’s biggest liquefied natural gas exporter, condemned the attack on an oil tanker off the coast of Jeddah in Saudi Arabia and warned...
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December 15, 2020
A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the...
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December 14, 2020
Abundant charterer inquiry in the Americas Aframax market left sources calling freight for the benchmark US Gulf Coast-UK Continent route higher at w47.5-w52.5 early Dec....
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December 14, 2020
Shipping company Hafnia said on Monday that one of its oil tankers had been hit by an unidentified external source that caused fire and explosion...
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December 11, 2020
The Asia-Pacific Long Range 1, or LR1, tanker rates have hit their highest in over six months as many ships have been taken up for...
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