VLCC Charter Rates Top $100,000 as DHT Locks in Premium One-Year Charter
VLCC charter rates have pushed back into six-figure territory, with DHT Holdings (NYSE:DHT) securing a one-year time charter at $105,000 per day for the
Mike Schuler is the Managing Editor of gCaptain, where he has led editorial operations since June 2008. He oversees daily news coverage on global shipping, maritime security, offshore energy, and industry policy, and has built a reputation for delivering timely and insightful maritime news—often breaking key stories that influence industry discussions. Mike holds a Bachelor of Science in Business Administration with a focus on Financial Management from The Catholic University of America, and a certificate in Data Analytics and Visualization from the University of Arizona. Before joining gCaptain, he held positions at Intrawest Hospitality Management and Union Beer Distributors. His expertise spans supply chain and logistics, energy policy, global trade dynamics, and maritime security. Mike's reporting is known for its clarity, accuracy, and ability to explain complex maritime topics to broad audiences.
VLCC charter rates have pushed back into six-figure territory, with DHT Holdings (NYSE:DHT) securing a one-year time charter at $105,000 per day for the
Ten years ago today, the LNG carrier Asia Vision departed Louisiana's Sabine Pass Terminal carrying 3.3 billion cubic feet of liquefied natural gas bound for
Four years to the day after Russia’s full-scale invasion of Ukraine, the United Kingdom has delivered what officials are calling their most comprehensive
U.S. forces have boarded the sanctioned oil tanker Bertha in the Indian Ocean, marking the tenth vessel seized or interdicted in an intensifying campaign
The European Union is keeping its warships in the Red Sea. EU member states have agreed to extend EUNAVFOR ASPIDES through February 28, 2027, allocating
Panama on Monday published in its official gazette a Supreme Court ruling canceling key port contracts held by a subsidiary of CK Hutchison, clearing the way
Austal Limited has secured a A$4 billion (USD $2.82 billion) contract from the Commonwealth of Australia to build eight 100-meter Landing Craft Heavy
Houston-based offshore vessel giant Tidewater Inc. is making a major push into Brazil, announcing a definitive agreement to acquire Wilson Sons Ultratug
The International Labour Organization (ILO), the International Chamber of Shipping (ICS), and the International Transport Workers’ Federation
Update: Hospital Ship Departs Alabama Shipyard President Donald Trump announced on Saturday via social media that the United States will send a hospital ship
The U.S. Supreme Court delivered a landmark 6-3 ruling on Friday striking down President Donald Trump’s sweeping tariffs imposed under the International
The Bureau of Ocean Energy Management announced Wednesday it will auction approximately 80.4 million acres of federal waters in the Gulf of America in August,
A major new partnership between South Korea’s Hanwha Ocean and Ontario Shipyards aims to bring large-scale shipbuilding back to Canada’s Great Lakes
New Zealand has imposed its largest-ever maritime sanctions package against Russia, designating 100 vessels linked to the country’s “shadow fleet” and
DP World and APM Terminals have formed a strategic partnership at Saudi Arabia’s Jeddah Islamic Port, with APM acquiring a 37.5% stake in the Southern
Global container shipping rates extended their decline for a sixth consecutive week, dropping 1% to $1,919 per 40-foot container as the traditional pre-Lunar
The U.S. Navy has issued a Request for Proposal for a Vessel Construction Manager (VCM) to oversee production of the Medium Landing Ship, marking a significant
CMA CGM is doubling down on India, having finalizing shipbuilding contracts with Cochin Shipyard Limited (CSL) for six LNG-powered containerships while
Oil gained the most since October as traders weighed whether talks between the US and Iran will be enough to avert conflict, following a report that American
Seaspan Shipyards has awarded a $1.5 million contract to Alberta-based Confined Space Robotics to develop semiautonomous systems for blast and paint
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