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Latest From VLCC
Very large crude carriers owners would benefit from congestion at Saudi ports and buyers securing shipments from other distant sources
The tanker owner decides to stay with 10 suezmaxes as it looks for more tonnage in the very large crude carrier segment
Frank will become chairman, with Tonkovidov set to become chief executive after seven years as vice-president and chief operating officer
Iran claims the British-flagged tanker and 16 seafarers still held will be released once legal proceeding are completed
If the Saudis can reduce the fall in output to 2m barrels per day, additional long-haul crude flows from the US and West Africa should then be able to support tonne-mile demand and shore up rates,says Shenwan Hongyuan Securities analyst Yan Hai
No charters have been fixed for any of the ships but it is believed that the owner has been in discussions with several possible charterers although Shell and Total are regarded as currently having the most interest in dual-fuel VLCCs
The company bought 420,000 tonnes of very-low sulphur fuel oil and marine gas oil and will store them on one of its ultra large crude carriers positioned off Singapore
The closely watched Adrian Darya 1 has not emitted an AIS signal since about 4pm GMT on Monday
The Norwegian VLCC owner ditches deal with shipping banks for new five year sale and leaseback deal with leasing company
The John Fredriksen-owned company is continuing to trade in the Middle East with ‘heightened security’, says chief executive Robert Macleod
The tax will reduce the competitiveness of Chinese petroleum product exports and disadvantage the Chinese energy industry ahead of the 2020 IMO high sulphur bunker fuel phase-out deadline
The Oslo-listed tanker owner believes the necessary criteria are in place in the backdrop to enhance the VLCC recovery in the markets
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