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
Performance Shipping Reports Q1 Financial Results
Performance Shipping reported a net loss from continuing and discontinued operations of $2.1 million and…
June 5, 2017
Seanergy Announces Additional Share Buybacks & Open-Market Stock
Seanergy announced that the Board of Directors has authorized an additional share repurchase plan, under…
June 5, 2017
Dynagas LNG Partners Reports Results for the Three
Dynagas LNG Partners LP, an owner and operator of liquefied natural gas carriers, announced its…
June 5, 2017
Seanergy: Approval of Listing on Nasdaq for Spin-Off
Seanergy announced that the application of United Maritime Corporation (“United”) to list its common shares…
June 5, 2017
Imperial Petroleum Announces Receipt of Nasdaq Notice
Imperial Petroleum announced that it has received written notification from The Nasdaq Stock Market dated…
Shipping News
June 5, 2017
DP World Launches New Erp Solution For Freight
DP World, the leading provider of smart supply chain solutions, today launched CARGOES Runner —…
June 5, 2017
Baltic dry bulk index down as smaller vessel
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk…
June 5, 2017
Dip across vessel segments drags Baltic index to
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities,…
June 5, 2017
G7 Weighs Russia Oil-Price Cap Via Insurance and
Group of Seven nations are discussing a cap on the price of Russian oil that…
June 5, 2017
Baltic index hits near 2-week low
The Baltic Exchange’s main sea freight index hit a near two-week low on Monday, hurt…
Ports
June 5, 2017
U.S. Port Backups Are Extending Into Freight Rail
Port bottlenecks that have tied up U.S. supply chains are spreading from the docks to…
June 5, 2017
Piraeus Port in …Champions League of global ports
As a main exponent of primacy in the Mediterranean and a “bridge” of three continents,…
June 5, 2017
Piraeus port goes green
The new era ushered in for the Port of Piraeus is being felt at the…
June 5, 2017
DP World, Saudi Ports Authority In Major New
DP World and the Saudi Ports Authority (Mawani) announced the signing of a 30-year agreement…
June 5, 2017
Port of Los Angeles Reports Third-Busiest Month Ever
The Port of Los Angeles has posted its third-best month on record – moving 967,900…
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