January 25, 2021
Indonesia said its coast guard seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal oil transfer in the country’s waters...
Read More
Tankers
January 22, 2021
DHT Holdings has announced the acquisition of two scrubber-fitted, 2016-built VLCCs for a total price of $136m. (more…)
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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....
Read More
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...
Read More
