June 26, 2017
Frontline has shelved its plans to purchase its US-based rival Gener8 Maritime, the Wall Street Journal reported. (more…)
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Tankers
June 26, 2017
Greek players have reportedly placed a total of 6 orders at STX Offshore and Shipbuilding, S. Korea. (more…)
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June 26, 2017
Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for floating storage and crude oil shipments increase ahead...
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June 23, 2017
"We are very pleased to welcome a new participant, Atlas Maritime of Greece, to the Navig8 Pools, with the MT Lady M due to join...
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June 22, 2017
Hellespont Group appears to have trimmed its tanker fleet, according to brokers. (more…)
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June 21, 2017
Avin International has emerged as the new owner of two MR2 tankers bought from South Korea’s Hyundai Merchant Marine (HMM), according to VesselsValue. (more…)
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June 21, 2017
With contracting this year only slightly less subdued than in 2016, there has been a welcome influx of activity in the VLCC sector, which accounts...
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June 19, 2017
Freight rates for very large crude carriers (VLCCs), which were supported this week by a shift to using older vessels for floating oil storage, have...
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June 18, 2017
Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers to be used for storing crude in anticipation of higher...
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June 14, 2017
If a single ship can capture the current state of the global oil market, it’s the supertanker Saiq, floating idly about 850 kilometers (530 miles)...
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June 13, 2017
Saudi Arabian shipowner Bahri’s fleet of VLCCs has increased to 38 with the delivery of its latest newbuilding from Hyundai Heavy Industries (HHI). (more…)
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June 13, 2017
The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at...
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June 12, 2017
Freight rates for very large crude carriers (VLCCs) face an uncertain week, possibly coming under pressure from a dearth of new Middle East cargoes but...
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June 9, 2017
According to reports, Greece-based tanker owner Delta Tankers has clinched the acquisition of two suezmax tankers under construction at Hyundai Samho Heavy Industries for USD...
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