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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

Middle East and Africa Saudi Arabia Tankers and Gas

Crude Tankers

Set Alert for Lloyd's List Tankers and Gas :: Crude Tankers

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

Tankers and Gas VLCC

China Merchants orders two eco VLCCs at DSIC

Deal follows a contract for four VLCC newbuildings signed separately between the two parties in November

China Tankers and Gas

Nordic American Tankers says market outlook is ‘promising’

Suezmax specialist books $39.6m profit in the first quarter

Suez and Aframax Energy
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Product Tankers

Set Alert for Lloyd's List Tankers and Gas :: Product Tankers

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

Tankers and Gas VLCC

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

Products Ship operations

Torm sees strong two years for product tankers

The Danish owner saw profit boosted as revenues jumped and costs fell in 2019

Tankers and Gas Products
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LPG

Set Alert for Lloyd's List Tankers and Gas :: LPG

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

Tankers and Gas LPG

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

Energy Fuels

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

India Russian Federation
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LNG

Set Alert for Lloyd's List Tankers and Gas :: LNG

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

Saudi Arabia US States

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

Thailand Tankers and Gas

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

LNG Containers
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Equity Watch

Set Alert for Lloyd's List Tankers and Gas :: Equity Watch

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

Tankers and Gas Frontline

Nordic American Tankers says market outlook is ‘promising’

Suezmax specialist books $39.6m profit in the first quarter

Suez and Aframax Energy

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

Euronav VLCC
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