Thursday, March 23, 2017
BW Utik vlcc supertanker tanker

BW Group Grabs Control of Tanker Firm DHT from Fredriksen’s Frontline

By Ole Petter Skonnord OSLO, March 23 (Reuters) – Privately-owned shipping firm BW Group became the top shareholder in tanker firm DHT Holdings on Thursday, in a surprise move that...

March 23, 2017
Total Views: 5

Friday, March 3, 2017
vlcc supertanker
Maritime News

VLCC Rates Face Uncertainty on Tonnage Woes, Owner Resistance

By Keith Wallis SINGAPORE, March 3 (Reuters) – Freight rates for very large crude carriers (VLCCs), which fell to four-month lows this week, face an uncertain direction next week as...

March 3, 2017
Total Views: 10

Thursday, February 2, 2017
vlcc supertanker

BIMCO: Record High Crude Oil Tanker Deliveries Add Instant Freight Rate Pressure

January 2017 already accounts for 22% of the crude oil tankers previous year’s total deliveries, due to tremendous VLCC delivery growth. (BIMCO) – On an unprecedented scale, 5.5m DWT of crude...

February 2, 2017
Total Views: 17

Wednesday, January 25, 2017
nitc tanker

Europe Chomps Most Iran Oil in Years as Two Supertankers Head for Rotterdam

By Anthony DiPaola and Julian Lee (Bloomberg) — Europe is poised to receive the most Iranian crude in about five years this month in a sign that the Persian Gulf nation...

January 25, 2017
Total Views: 1

Wednesday, January 18, 2017

First Philippines-Built VLCC Delivered

US-based crude oil shipping company Gener8 Maritime has taken delivery of the VLCC Gener8 Hector from Hanjin Heavy Industries and Construction’s Subic Shipyard in the Philippines. The vessel marks the...

January 18, 2017
Total Views: 32

Friday, January 13, 2017
vlcc supertanker

VLCC Rates to Hold Steady as Ship Supply Matches Demand

By Keith Wallis SINGAPORE, Jan 13 (Reuters) – Freight rates for very large crude carriers (VLCCs) are expected to remain stable next week as buoyant chartering activity from the Middle...

January 13, 2017
Total Views: 6

Thursday, October 6, 2016
Maritime News

Asia Flows Boost Rates for Large Tankers

By Catherine Ngai and Liz Hampton NEW YORK/HOUSTON, Oct 6 (Reuters) – Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest...

October 6, 2016
Total Views: 0

Friday, April 1, 2016
Maritime News

Asia VLCC Rates Face Uncertain Week as Delays Weigh

By Keith Wallis SINGAPORE, April 1 (Reuters) – Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday, face an uncertain direction next week, brokers...

April 1, 2016
Total Views: 0

Friday, February 19, 2016
oil tanker

Asia VLCC Rates to Hold Steady After Hitting Near 4-Week High

By Keith Wallis SINGAPORE, Feb 19 (Reuters) – Freight rates in Asian trades for very large crude carriers (VLCCs) are set to hold steady around current levels next week, after...

February 19, 2016
Total Views: 1

Wednesday, January 6, 2016
Maritime News

Record Year for VLCCs in Port of Rotterdam

The Port of Rotterdam has reported a record number of very large crude carriers in port in 2015 helped by growth in full oil supply in northwest Europe and Russian...

January 6, 2016
Total Views: 11

Friday, December 4, 2015
Maritime News

VLCC Rates to Hold Steady After Hitting a New Five-Year High

By Keith Wallis SINGAPORE, Dec 4 (Reuters) – Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as vessel supply and charter volumes...

December 4, 2015
Total Views: 1

Monday, October 12, 2015
oil tanker
Maritime News

China’s Supertanker Traffic Jam Propels Global Shipping Rates

  By Manisha Jha (Bloomberg) — Supertankers hauling crude to China are contending with increased waiting times to unload as some on- land storage depots reach capacity amid an oil-buying...

October 12, 2015
Total Views: 2

Monday, September 21, 2015

Singapore’s Record High Fuel Oil Stockpiles Driving Storage at Sea

  By Jessica Jaganathan SINGAPORE, Sept 21 (Reuters) – Record high stocks of fuel oil in Singapore are pushing traders to store the shipping and feedstock fuel into tankers temporarily...

September 21, 2015
Total Views: 0

Wednesday, September 9, 2015
Maritime News

VLCC Rates Slump Seen Ending Soon

  By Naomi Christie (Bloomberg) — For operators of very large crude carriers, the tankers that move as much as 2 million barrels of oil across oceans on a single...

September 9, 2015
Total Views: 1

Friday, August 14, 2015

VLCC Tanker Rates Set to Slide Further On Lower Cargo Volumes, Oversupply

  By Keith Wallis SINGAPORE, Aug 14 (Reuters) – Freight rates for very large crude carriers (VLCCs), which have fallen to their lowest level in 10 months, are set to...

August 14, 2015
Total Views: 0

Thursday, July 23, 2015
Maritime News

INTERTANKO Livid Over Nigeria Tanker Ban

  By Jonathan Saul LONDON, July 23 (Reuters) – A ban on 113 oil tankers by Nigerian state oil company NNPC must be lifted immediately as no grounds have been...

July 23, 2015
Total Views: 1

Thursday, July 16, 2015
Maritime News

First of Iran’s Floating Storage Supertankers Sets Sail After Nuclear Deal

By Jonathan Saul LONDON, July 16 (Reuters) – An Iranian supertanker with two million barrels of oil is heading to Asia after sitting in Iranian waters for months, the first...

July 16, 2015
Total Views: 1

Wednesday, July 1, 2015
Maritime News

Bahri Returns to Hyundai Samho for Five More VLCCs

  The National Shipping Company of Saudi Arabia, aka Bahri, has returned to South Korea’s Hyundai Samho Heavy Industries for five newbuild Very Large Crude Carriers. [contextly_sidebar id=”vWfXi6e5HTn4UsHTKJ8KGB5DK9jNwbwb”]Bahri signed the...

July 1, 2015
Total Views: 3

Monday, June 22, 2015
Very Large Crude Carrier vlcc
Maritime News

John Fredriksen Orders Up to 6 VLCCs at STX Offshore & Shipbuilding

  STX Offshore & Shipbuilding has confirmed an order from billionaire shipping tycoon John Fredriksen calling for the construction of up to 6 VLCCs. The order is comprised of two...

June 22, 2015
Total Views: 0

Saturday, April 18, 2015
savoie vlcc euronav
Maritime News

Asia Tankers | VLCC Rates Could Climb on Possible Renewed Chartering

Rates for very large crude carriers (VLCCs) on key Asian routes are likely to hold steady or climb next week if charterers release their May fixture programme amid tighter supply of tonnage, brokers said.

April 18, 2015
Total Views: 1