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Tankers: The only way is up

A vaccine-led recovery is under way for the crude and product tanker markets but the underlying fundamentals that determine its speed and magnitude have never been so uncertain

Tankers and Gas International Mid-Year outlook

Latest Articles

Crude Tankers

Unipec retains position as largest dirty tanker spot charterer

Unipec dominates the dirty spot market, with 453 reported fixtures representing 100.6m tonnes of cargo, which is almost equal to the next five charterers combined

China Tankers and Gas

Euronav acquires tankers with ammonia power potential

The company announced it is buying three new suezmaxes and one very large crude carrier as it launches a joint development programme with HHI, Lloyd’s Register and DNV to enable the deployment of tanker-fitted VLCCs and suezmaxes

Environment Sustainability

China’s new consumption tax to support tanker demand

Braemar ACM research analysts expect modest upsides for dirty tankers owing to China’s latest tax plan. The observers think the tax levy will be neutral for product tanker demand in Asia Pacific

China Tankers and Gas

China and US ‘lead tanker market turnaround’

Hafnia and Evercore have cited the drawdown of the land-based surplus of crude and products as positive for tanker markets

International China
Product Tankers

China and US ‘lead tanker market turnaround’

Hafnia and Evercore have cited the drawdown of the land-based surplus of crude and products as positive for tanker markets

International China

Hafnia gets $374m sustainability-linked loan

The product tanker owner agrees with 10 banks on its first ever syndicated sustainability-linked financing deal. Its fleet’s emissions performance will affect future margin adjustments

Products Finance

Vessels sell-off lifts Maersk Product Tankers to record profit

How quickly and effectively coronavirus vaccine is rolled out globally will determine timing of the rebalancing oil tanker market, company says

International Maersk Group

Texas winter freeze lifts product tanker rates

‘This is a significant impact to one of the world’s largest concentrations of olefins capacities, just under 20% of the global total, and tops recent disruption seen in August 2020 from Hurricane Laura,’  WoodMac’s analyst says 

International Tankers and Gas

Vopak to operate eight LPG terminals in India with Aegis

The joint venture will operate a network of eight terminals in five strategic ports on India’s east and west coasts

India Tankers and Gas

Gas carrier rates fall seen as ‘temporary setback’

An oversupply of vessels amid fewer cargoes as gas prices rise stifles rates which Cleaves estimate will surge in 2022 and potentially exceed $100,000 per day

International Tankers and Gas

Avance Gas secures ‘sustainability-linked’ funding for two VLGCs

The loan will be connected to Poseidon Principles carbon intensity targets and will finance two dual-fuel LPG newbuilds set for delivery over the next few months

Sustainability LPG

Pelagic eyes further shipping deals after adding LPG carriers

Fund’s fair market value rises to $45m with acquisition of a pair of 3,315 cu m semi-refrigerated liquefied petroleum gas carriers

International Tankers and Gas

Indian ports offer discount for LNG-fuelled ships

The ports will offer a 50% discount on port dues, pilotage and berth hire charges for vessels using dual-fuel engines with liquefied natural gas as primary fuel

India Ports and Logistics

GasLog Partners LP fleet efficiency worsens on old LNG ships

Four of the company’s five steam engine LNG-powered ships as well as newer tri-fuel diesel electric LNG-powered ships recorded declining CO2 efficiency performances in 2020

Gaslog Energy

Sovcomflot secures charters for LNG duo from TotalEnergies

The French energy major will charter two 174,000 cu m liquefied natural gas carriers from Sovcomflot for up to seven years

Fuels Energy

Samsung Heavy wins order for LNG carrier trio

An order for three 180,000 cu m vessels, which are scheduled to be delivered by February 2024, has been placed by an unidentified buyer

Asia Pacific Tankers and Gas