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Suezmax and Aframax
Latest From Suez and Aframax
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
With this latest deal, the Knot Group will have 32 shuttle tankers in operation or on order
The Oslo-listed tanker owner believes the necessary criteria are in place in the backdrop to enhance the VLCC recovery in the markets
Refinery closures, pipeline problems, unscheduled maintenance and unplanned outages at oil fields have all lessened demand for aframaxes
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
Orders bring Greek group's tanker order book to nine vessels
Decline in cargoes for export sees supply of tankers often outpace demand in the Middle East Gulf
It is the first year that Unipec has ranked in the top 10 for the suezmax and aframax classes
Alphatanker sees the foundations being laid for a strong year in 2020 that it thinks will be similar to 2015
The arrest comes several weeks after BSM confirmed it would be handing back all the tankers it manages for PDVSA
India could be willing to cut all imports of Venezuelan crude to satisfy US sanctions in return for further waivers on importing Iranian crude
Shipowners are less exposed to sanctions if they are not dealing with PDVSA directly, but there can be operational and legal risks
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