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Tankers & Gas
Bahri reportedly puts LNG charter plan on ice
Given that the shipping tender was specifically tied to the Port Arthur project, it is not a surprise it has been put on hold
Saudis join floating storage surge as oil surplus strains land-based capacity
Of the 21 VLCCs chartered for periods of between six and 12 months in the past two weeks, nine are specifically designated as floating storage
Crude Tankers
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Latest From VLCC & Suez and Aframax
HHI wins $178m twin VLCC order
Hyundai’s last order was a pair of suezmaxes ordered at the beginning of May, also by an undisclosed European owner
China Merchants orders two eco VLCCs at DSIC
Deal follows a contract for four VLCC newbuildings signed separately between the two parties in November
Nordic American Tankers says market outlook is ‘promising’
Suezmax specialist books $39.6m profit in the first quarter
Product Tankers
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Latest From Products
International Seaways optimistic for tanker market after earnings growth
Owner of crude and product tankers triples profit and expects better times ahead for the second and third quarters
Product tanker market braces for ‘supercycle’
Product tanker owners report profitable first quarters of the year, but the second quarter is shaping up to reach unprecedented earnings levels
Torm sees strong two years for product tankers
The Danish owner saw profit boosted as revenues jumped and costs fell in 2019
LPG
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Latest From LPG
VLGC earnings fall amid weak US–Asia arbitrage
Despite traders attempting to pry open the US–Asia arbitrage, prospects for the forthcoming months have seen netbacks edging closer to cancellation levels
Epic Gas warns LPG market recovery will be shortlived
The small LPG vessels specialist saw profits rise in the first quarter but sees tougher times ahead
Russian LPG cargo heralds new trade lane to India
In India demand for LPG, which is used mainly as a cooking gas, is likely to rise further because of increased domestic cooking as people stay under quarantine during the country’s coronavirus prevention measures
LNG
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Latest From LNG
Bahri reportedly puts LNG charter plan on ice
Given that the shipping tender was specifically tied to the Port Arthur project, it is not a surprise it has been put on hold
Thailand grants first LNG import licence to private sector
A unit of Gulf Energy has been awarded the third liquefied natural gas import licence in Thailand. This follows the two others held by the Electricity Generating Authority of Thailand and the state-owned oil and gas company PTT
Malaysia to supply LNG in ISO tanks to China
Using ISO tanks to transport LNG allows remotely located end-users access to the supercooled fuel, says Petronas
Equity Watch
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Latest From DHT, Euronav, Frontline, Gener8, Nordic American Tankers, Scorpio Tankers, Dorian Lpg, Gaslog & Golar Lng
Frontline says tanker market faces ‘short-term pressure’
Profits quadruple in the first quarter to $165.3m due to soaring tanker rates, says company
Nordic American Tankers says market outlook is ‘promising’
Suezmax specialist books $39.6m profit in the first quarter
Euronav chief committed to public equity markets
Euronav chief executive rejects any suggestion of going into private ownership and says the company’s dividend policy is part of a long-term strategy to benefit investors
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