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VLCC

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Latest From VLCC

Saudi oil supply disruption will benefit VLCC market

Very large crude carriers owners would benefit from congestion at Saudi ports and buyers securing shipments from other distant sources

Tankers and Gas Freight rates

Frontline opts not to buy four more suezmaxes from Trafigura

The tanker owner decides to stay with 10 suezmaxes as it looks for more tonnage in the very large crude carrier segment

 

Tankers and Gas VLCC

Igor Tonkovidov to take over from Sergey Frank at Sovcomflot

Frank will become chairman, with Tonkovidov set to become chief executive after seven years as vice-president and chief operating officer

Sovcomflot Russian Federation

Stena Impero to be released by Iran ‘in days’

Iran claims the British-flagged tanker and 16 seafarers still held will be released once legal proceeding are completed

Iran VLCC

Cut in Saudi output to hit tanker rates, but prospects may brighten

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

Middle East and Africa Tankers and Gas

Capital lines up orders for 10 LNG-fuelled VLCCs

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

VLCC Asia Pacific

Euronav secures funding for 2020-compliant fuel oil purchase

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

Euronav VLCC

Iranian oil tanker ‘goes dark’ off Syria

The closely watched Adrian Darya 1 has not emitted an AIS signal since about 4pm GMT on Monday

Middle East and Africa Iran

Hunter Group agrees new sale and leaseback deal

The Norwegian VLCC owner ditches deal with shipping banks for new five year sale and leaseback deal with leasing company

Finance Ship operations

Frontline targets growth in VLCCs

The John Fredriksen-owned company is continuing to trade in the Middle East with ‘heightened security’, says chief executive Robert Macleod

International Frontline

Tariffs on US crude imports will shake up VLCC market

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 

China 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
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