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Tankers & Gas
Odfjell sees signs of chemical tanker market recovery
Odfjell posts modest improvements in rates for the second quarter of the year with robust demand going forward
Iran-China crude flows rise as ships circumvent US sanctions
Iranian vessels continue to turn off automatic identification system, channel oil trades multiple ship-to-ship transfers and register vessels in opaque offshore companies and flags
Crude Tankers
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Latest From VLCC & Suez and Aframax
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
Chinese crude imports up 8.8% in the first half of 2019
Saudi Arabia became China’s largest crude oil supplier in the first half of 2019, with 37.8m tonnes, followed by Russia
Aframax earnings under pressure as North Sea and Baltic crude exports drop
Refinery closures, pipeline problems, unscheduled maintenance and unplanned outages at oil fields have all lessened demand for aframaxes
Product Tankers
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Latest From Products
New maritime fund on investment trail
Private equity outfit Dee4 Capital Partners has set itself the target of creating a relatively small fund size, not exceeding $100m, and deploying the capital raised within a two-year investment period
Hafnia posts profit after BW merger
In its first quarter as a merged firm, Hafnia grows fleet and sees revenues spike
Eastern Pacific confirms order for eight product tankers
The company is optimistic about the product sector and the long range two newbuildings with exhaust gas cleaning systems installed will put them in a good position to capitalise on the market
LPG
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Latest From LPG
StealthGas acquires two LPG ships
The acquisition of the vessels, one a newbuilding and the other a 2007-built, 38,000 cu m fully refrigerated vessel, marks StealthGas’ entry into new vessel segments
VLGC market has adapted to the Sino-US trade spat, says Avance Gas
Middle East LPG exports in the second quarter came up to 8m tonnes, up by 200,000 tonnes compared to the first quarter of 2019
Pirates shoot at LPG carrier off Nigeria
The crew on the Wisdom Marine vessel retreated to the citadel and the master took evasive action
LNG
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Latest From LNG
Venture Global sanctions 10m tonnes per year US LNG project
The LNG developer aims to bring Calcasieu Pass, the first of three projects it is pursuing along the US Gulf coast, online in 2022
LNG market poised for a positive end to 2019
Flex LNG expects market to be tight going into 2020, propping up shipping demand
MISC benefits from improved tanker earnings as first-half profit jumps 44%
Better supply conditions are expected in the second half of the year as vessels are taken out of service for scrubber retrofits and rising US exports boost tonne-mile demand
Equity Watch
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Latest From DHT, Euronav, Frontline, Gener8, Nordic American Tankers, Scorpio Tankers, Dorian Lpg, Gaslog & Golar Lng
Keppel sizes up fire damage on LNG tanker
The first of two 7,500 cu m LNG bunkering capable tankers ordered from Keppel Singmarine was launched at Keppel Nantong in late July and both units were previously scheduled for delivery in the second and third quarters of this year
MOL among rivals for Cyprus FSRU project
In addition to the FSRU, the planned liquefied natural gas terminal at Vasilikos Bay, near Limassol, will entail a mooring jetty, a gas pipeline and related infrastructure
GasLog and unit agree to cut IDRs
Incentive distribution rights give the beneficiary the right to receive an increasing percentage of quarterly distributions of available cash from a partnership’s operating surplus after the minimum and target distribution levels have been met
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