The announcement made last week by OPEC and a number of non-OPEC producers to extend production cuts to March 2018 has important implications for the crude tanker market, in particular VLCCs.
Gibson Weekly Tanker Market Report
![Gibson Weekly Tanker Market Report [w28]](https://www.shippingherald.com/wp-content/uploads/2015/11/EA-Gibson-150x150.jpg)
![Gibson Weekly Tanker Market Report [W21]](https://www.shippingherald.com/wp-content/uploads/2017/02/Gibson-150x150.jpg)
Finance & Economy
June 5, 2017
Euronav gains USD 18 mln upon redelivery of
Euronav announced that upon the redelivery of 4 VLCCs, which occurs at the maturity of…
June 5, 2017
GSL Provides Update on Recent Chartering, Refinancing Activity
Global Ship Lease provided an update on its recent chartering and refinancing activity. The Company…
June 5, 2017
Seanergy Provides Guidance on TCE, EBITDA
Seanergy Maritime Holdings Corp. updated its time charter equivalent guidance upwards for the fourth quarter…
June 5, 2017
Hyundai Samho IPO plan angers investors in parent
Minority shareholders of Korea Shipbuilding & Offshore Engineering (KSOE) are furious after the company reaffirmed…
June 5, 2017
Seadrill New Finance Emerges from Chapter 11
Seadrill Limited unit Seadrill New Finance (the Issuer) has emerged from chapter 11 after successfully…
Shipping News
June 5, 2017
Pirates Attack Bunker Tanker Off Ivory Coast -
A bunker tanker vessel was attacked by pirates in the Gulf of Guinea off the…
June 5, 2017
DP World set to record strong business growth
DP World, one of the world’s largest port operators, expects strong business growth in 2021…
June 5, 2017
Weaker demand for vessels drag Baltic index to
The Baltic Exchange’s dry bulk sea freight index fell to its lowest level in a…
June 5, 2017
Svitzer AMEA extends contract with Suez Canal Authority
Svitzer, leading global towage provider and part of Maersk, is today announcing another extension of…
June 5, 2017
Maersk to tackle air pollution at ports with
Shipping group Maersk plans to install hundreds of offshore charging stations around the world to…
Ports
June 5, 2017
GPA tops 5.5M TEUs, 650K units in 2021
The Port of Savannah moved a record 5.6 million twenty-foot equivalent container units in Calendar…
June 5, 2017
Maersk to tackle air pollution at ports with
Shipping group Maersk plans to install hundreds of offshore charging stations around the world to…
June 5, 2017
Port of Los Angeles Reports Record 10.7 Million
Breaking its previous calendar year record by 13%, the Port of Los Angeles processed about…
June 5, 2017
Port of Long Beach Sets Annual Record With
The Port of Long Beach set a new record in 2021 by moving 9.38 million…
June 5, 2017
Shipping Congestion Growing at World’s Biggest Port
Ships looking to avoid Covid-induced delays in China are making a beeline for Shanghai, causing…
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