May 24, 2019
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to...
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Tankers
May 22, 2019
Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. (more…)
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May 21, 2019
A unit of asset management firm Carlyle Group LP this week will appeal to the Trump administration to guarantee a two-year approval of its South...
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May 20, 2019
Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank...
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May 16, 2019
Russia’s efforts to resolve an unprecedented oil-contamination crisis suffered a setback as the nation loaded another tainted cargo from a port in the Baltic Sea,...
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May 16, 2019
U.S. officials believe Iran encouraged Houthi militants or Iraq-based Shi’ite militias to carry out Sunday’s attacks on four tankers near the Strait of Hormuz, two...
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May 16, 2019
PAO Sovcomflot (SCF Group), a world leader in energy shipping and offshore services to the oil and gas industry, reported its results for the first...
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May 15, 2019
The U.S. ambassador to Saudi Arabia said Washington should take what he called “reasonable responses short of war” after it had determined who was behind...
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May 15, 2019
”TORM’s results in the first quarter reflect the Company’s strong operating performance in a product tanker market where a significant recovery started in the fourth...
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May 14, 2019
The lingering oversupply of vessels in the VLCC market has left shipowners weighing options to either idle, reduce sailing speed extensively or take on only...
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May 13, 2019
Thun Tankers took delivery of its first L-Class and second E-Class tankers on May 9. (more…)
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May 10, 2019
The Board of Directors of d’Amico International Shipping, a leading international marine transportation company operating in the product tanker market, examined and approved the first...
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May 9, 2019
Odfjell SE reported its results for the first quarter of 2019. The results reflect an improving chemical tanker spot market and stable underlying results from...
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May 9, 2019
The Americas Medium Range tanker market saw freight increase around 17%-25%, to rates not seen since early April on some US Gulf Coast-loading routes, prompted...
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May 8, 2019
Oil prices tumbled, joining a slide in global equity markets as President Donald Trump’s latest tariff threats raised the stakes in the U.S.-China trade war....
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