Friday, April 10, 2015
samco redwood vlcc
Maritime News

VLCC Rates Face Uncertain Direction as Owners and Charterers Battle Over Cargo

Rates for very large crude carriers (VLCCs) on key Asian routes face an uncertain week as owners seek to push for higher rates, while charterers could cap fixture activity to cool the recent spike in prices, brokers said.

April 10, 2015
Total Views: 1

Wednesday, April 1, 2015
crude oil import terminal vlcc tanker china
Maritime News

VLCC Backlog Builds at Iraq’s Basra Port After Bad Weather

A backlog of over 30 oil tankers has built up outside the Iraqi port of Basra and shippers face lengthy delays of up to three weeks to load oil because of bad weather and possible oil quality issues, shipping industry sources said.

April 1, 2015
Total Views: 1

Thursday, January 15, 2015
al kout vlcc kotc kuwait oil tanker company
News

Morgan Stanley and Evercore Say $100k Tanker Rates Possible

Supertanker owners from Tokyo to Athens said demand to store oil on vessels is strengthening, with Morgan Stanley and Evercore Partners Inc. predicting the highest shipping rates in six-years are possible.

January 15, 2015
Total Views: 10

Friday, December 12, 2014
gulf sheba tanker
Maritime News

Record Oil Tankers Seen Sailing to China Amid Stockpiling Signs

The number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to stockpile.

December 12, 2014
Total Views: 12

Wednesday, November 5, 2014
al kout vlcc kotc kuwait oil tanker company
Maritime News

SPOTD: DSME Delivers Al Kout to Kuwait Oil Tanker Company

The VLCC Al Kout was delivered last week by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the Kuwait Oil Tanker Company...

November 5, 2014
Total Views: 13

Tuesday, September 9, 2014
samco redwood vlcc
Maritime News

DHT to Acquire Samco Shipholding

Bermuda-based crude oil shipping firm DHT Holdings announced today that it has acquired Samco Shipholding Pte. Ltd, a Singapore firm that owns and operates a fleet of seven very large...

September 9, 2014
Total Views: 10

Thursday, August 28, 2014
hound point marine terminal
Maritime News

Hound Point Crude Terminal Closed to VLCCs Until Mid-September

The supertanker jetty at the North Sea's Hound Point crude oil terminal is shut for maintenance and will not reopen until Sept. 15, industry sources said on Thursday, making sending excess cargoes to Asia more difficult for traders.

August 28, 2014
Total Views: 6

Friday, July 25, 2014
Maritime News

Asia Tankers – VLCC Rates Could Nudge Higher on More Vessel Charters

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering programme for the first 20 days of August

July 25, 2014
Total Views: 5

Thursday, April 3, 2014
savoie vlcc euronav
News

WANTED: Used VLCCs

Our client is looking to buy three or possibly four VLCCs 10-12 years old, Double-Hull Financing will also be needed. Serious inquiries only. Contact: Rob Almeida [email protected] +1 954.850.4611

April 3, 2014
Total Views: 1

Wednesday, March 19, 2014
News

Scorpio Banks $50 Million Off Newbuild VLCC Resale

Scorpio Tankers Inc. (NYSE: STNG) says it is set to make $50 million in cash on the resale of it's seven newbuild VLCC's still under construction.

March 19, 2014
Total Views: 2

Monday, February 3, 2014
Maritime News

South Korea Cleans Up After VLCC Strikes Oil Pipeline

eams of workers, aided by ships and aircraft, will complete on Monday the sea cleanup of 164,000 litres of oil that leaked off South Korea's southern coast, the coast guard said, after a pipeline run by GS Caltex Corp cracked at the weekend.

February 3, 2014
Total Views: 7

Tuesday, December 3, 2013
scorpio tankers
Maritime News

Scorpio Adds Seven VLCCs to Newbuild Orderbook

NYSE-listed Scorpio Tankers (NYSE: STNG) announced Tuesday that it has entered into agreements for the construction of seven VLCC newbuilds, marking the company's entry into the VLCC market.

December 3, 2013
Total Views: 2

Tuesday, November 26, 2013
dht ann vlcc supertanker
Maritime News

Asian Oil Grab Drives Tanker Rates to 3 1/2-Year High

Record Asian oil demand is spurring the region’s refineries to charter the most supertankers in a year, driving shipping rates to the highest level since 2010.

November 26, 2013
Total Views: 2

Thursday, October 17, 2013
Maritime News

Will the Final Quarter of 2013 Bring Good Tidings to the VLCC Market?

From the perspective of tanker owners, particularly of larger tonnage, it is clear that 2013 will not be remembered fondly. Rates have languished at levels most thought had been consigned...

October 17, 2013
Total Views: 1

BW Utik vlcc supertanker tanker
Maritime News

Increased Ton-Mile Demand is Good News for Tanker Owners

By Keith Wallis SINGAPORE, Oct 16 (Reuters) – Shifting trade patterns and China’s growing love affair with the car will help fuel an increase in shipping costs for very large...

October 17, 2013
Total Views: 5

Tuesday, October 15, 2013
famenne euronav vlcc tanker
Maritime News

Euronav Believes Eco-Ship Newbuildings are a Waste of Money

Euronav, the Belgium-based owner of large crude carriers believes that so-called “eco-ships” do not exist in the large tanker sector and that building them does nothing more than exasperate the...

October 15, 2013
Total Views: 33

Thursday, October 3, 2013
eagle verona tanker vlcc aet
Maritime News

DSME Delivers AET’s Latest Efficiency-Enhanced Supertanker

AET, the Kuala Lumpur-based tanker operator has announced that two of their 320,000 dwt Very Large Crude Carriers (VLCCs), which are currently under construction at the Daewoo Shipbuilding & Marine...

October 3, 2013
Total Views: 99

Saturday, July 13, 2013
BW Utik vlcc supertanker tanker
Maritime News

Charters for Supertankers Surge to 6-Year High

July 12 (Bloomberg) — Bookings of the largest oil tankers jumped to the highest for the time of year since at least 2007 as demand for crude cargoes accelerates before...

July 13, 2013
Total Views: 1

Monday, June 17, 2013
front duke vlcc supertanker frontline
Maritime News

Contracting Chinese Oil Imports Sinks Maritime Industry’s Biggest Tankers

June 18 (Bloomberg) — China’s oil imports are contracting for the first time since 2009, reducing the biggest source of demand for crude tankers at a time when U.S. purchases...

June 17, 2013
Total Views: 5

Tuesday, June 11, 2013
VLCC very large crude carrier oil tanker

Crude-Tanker Surplus Seen Swelling a Second Week in Persian Gulf

The surplus of tankers competing to ship 2 million-barrel oil cargoes from ports in the Persian Gulf expanded for a second week.

June 11, 2013
Total Views: 1