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Suezmax and Aframax

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Latest From Suez and Aframax

Sovcomflot cautiously optimistic for the second half of 2019

Chief financial officer Nikolay Kolesnikov said that the company does not have plans to retrofit existing vessels with new engines, so the existing fleet will switch to burning compliant low sulphur fuel come 2020

Russian Federation Sovcomflot

Knot seals 15-year shuttle tanker contract with Total

With this latest deal, the Knot Group will have 32 shuttle tankers in operation or on order

South America Tankers and Gas

Okeanis eyes boost to winter tanker market from sulphur cap

The Oslo-listed tanker owner believes the necessary criteria are in place in the backdrop to enhance the VLCC recovery in the markets

VLCC Suez and Aframax

Aframax earnings under pressure as North Sea and Baltic crude exports drop

Refinery closures, pipeline problems, unscheduled maintenance and unplanned outages at oil fields have all lessened demand for aframaxes

Europe Tankers and Gas

Demolition rates hit lowest point for nearly two years

Payment for dirty tankers per long ton light displacement (LDT) in the Karachi to Chittagong area slumped to between $388.75 and $402.25 for the week ending August 2, the lowest since November 20, 2017, according to Baltic Exchange data

Asia Pacific Ship Recycling

Enesel behind suezmax brace at Samsung

Orders bring Greek group's tanker order book to nine vessels

International Tankers and Gas

Rising supply of crude and ships seen outpacing crude demand growth

Decline in cargoes for export sees supply of tankers often outpace demand in the Middle East Gulf

International Tankers and Gas

Unipec in ‘league of its own’ to lead tanker charters

It is the first year that Unipec has ranked in the top 10 for the suezmax and aframax classes

Tankers and Gas Market Insight

Stars will ‘start to align’ by third quarter, says Alphatanker

Alphatanker sees the foundations being laid for a strong year in 2020 that it thinks will be similar to 2015

International Tankers and Gas

Singapore detains PDVSA vessel

The arrest comes several weeks after BSM confirmed it would be handing back all the tankers it manages for PDVSA

Singapore Tankers and Gas

Caribbean aframax market suffers from lack of Venezuelan cargoes

India could be willing to cut all imports of Venezuelan crude to satisfy US sanctions in return for further waivers on importing Iranian crude

Venezuela United States

Sanctions on Venezuela start to bite

Shipowners are less exposed to sanctions if they are not dealing with PDVSA directly, but there can be operational and legal risks

Venezuela US States
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