May 26, 2020
The waters off the South African oil storage terminal at Saldanha Bay are getting busy. (more…)
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Tankers
May 26, 2020
A recent drop in Americas Aframax freight rates has sparked charterer inquiry and fixing activity for the US Gulf Coast-UK Continent/Mediterranean route, despite closed oil...
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May 25, 2020
Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set...
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May 22, 2020
Leading tanker operator Euronav is well positioned for the aftermath of the floating storage boom regardless of the pace of change in oil on water,...
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May 21, 2020
Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic...
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May 21, 2020
Frontline reported unaudited results for the three months ended March 31, 2020. (more…)
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May 20, 2020
Saudi Aramco in April shipped crude cargoes three times from its leased storage in Okinawa, Japan, to China’s Zhoushan using the same VLCC, signaling China’s...
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May 18, 2020
One of the oil market’s most obvious signs of oversupply — millions of barrels being stored on tankers all over the world — is showing...
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May 15, 2020
Thun Tankers has ordered a second product tanker designed to maximize capacity when resting safely on the bottom. (more…)
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May 15, 2020
A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude...
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May 14, 2020
The High Court has approved a reduction of TORM plc’s share premium account by USD 900m under section 648 of the Companies Act 2006. (more…)
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May 13, 2020
TOP Ships has acquired three Medium Range (MR) tankers that are being built at the Hyundai Mipo shipyard in South Korea. (more…)
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May 13, 2020
Several spot tankers’ freight deals to deliver around half a million mt of gasoil and jet fuel into Europe have been cancelled in the last...
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May 12, 2020
Euronav announced it has sold the VLCC TI Hellas (2005 – 319,254 dwt) for USD 38.1 million. (more…)
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May 11, 2020
MISC announced its financial results for the financial period ended 31 March 2020: Financial Highlights: • Group revenue for the quarter ended 31 March 2020...
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