supertankers


Friday, February 15, 2013
Frontline Crude Oil Tankers VLCC
News

Tankers Earning Zero Seen Spurring Ships’ Removal From Service

Earnings are about zero for the biggest oil tankers, hauling almost half the world’s seaborne crude, and owners of the ships may opt to remove them from

February 15, 2013
Total Views: 116

Friday, February 8, 2013
circassia frontline tankers crude oil tanker
News

Fourth Rate Drop in a Row For VLCCs, Lowest Since August 2012,

(Bloomberg) — Returns for oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, reached the lowest level since August

February 8, 2013
Total Views: 37

Thursday, February 7, 2013
medium range tanker transpetrol
News

The Dark Ages for Product Tankers Looms on the Horizon [REPORT]

(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of

February 7, 2013
Total Views: 323

MT SEEB VLCC
News

Amid Growing Sanctions, Iran Expands its Fleet of Supertankers

By Jonathan Saul LONDON (Reuters) – Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining

February 7, 2013
Total Views: 92

Wednesday, February 6, 2013
BW Utik vlcc supertanker tanker
News

McQuilling Estimates Day Rates for Supertankers to Rise 48 Percent [REPORT]

(Bloomberg) — Earnings for the biggest oil tankers on the benchmark route shipping Saudi Arabian crude to Japan will rise 48 percent this year to average

February 6, 2013
Total Views: 103

Monday, February 4, 2013
vlcc supertanker

VLCC Rates Have Second-Biggest 2013 Gain on Charters

By Rob Sheridan (Bloomberg) — Hire costs for the largest oil tankers had this year’s second-biggest increase on stronger bookings of ships to haul

February 4, 2013
Total Views: 168

Friday, February 1, 2013
British Progress BP VLCC Very Large Crude Carrier
News

For VLCC Owners, “Another Week of Pain Beckons”

(Bloomberg) — Losses widened for the largest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, as a surplus of

February 1, 2013
Total Views: 156

Tuesday, January 29, 2013
BW Luck vlcc
News

BW Group Left Holding the Bag as Saudi Aramco Gets Ridiculous VLCC Charter Deal

(Bloomberg) — Saudi Arabian Oil Co., the world’s biggest state-owned crude producer, booked a tanker to haul a cargo to the U.S. Gulf Coast next

January 29, 2013
Total Views: 85

Wednesday, January 23, 2013
VLCC Ovatella shell supertanker
News

Daily Earnings for VLCCs Plunge 76 Percent, Biggest Drop Since September

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

January 23, 2013
Total Views: 91

Tuesday, January 22, 2013
tanker vlcc supertanker ship shipping
News

Biggest Glut of Supertankers Since September, Day Rates Fall Below $10k

Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four

January 22, 2013
Total Views: 95

Friday, January 18, 2013
athenian victory hhi hyundai heavy shipyard shipbuilding supertanker
Engineering News

40 New Supertankers to be Delivered in 2013

Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012

January 18, 2013
Total Views: 76

Wednesday, January 16, 2013
astrup fearnley
News

Daily Earnings for VLCCs Drop as Charterers “Drip-Feed the Market”

Jan. 16 (Bloomberg) — Costs to ship Middle East oil to Asia, the tanker industry’s busiest trade route, fell for a third day as completion of cargo

January 16, 2013
Total Views: 89

Tuesday, January 15, 2013
dht eagle frontline vlcc supertanker
News

VLCC Rates Fall as Ships Compete for Fewer Available Cargos

The surplus of the largest oil tankers available for loading in the Middle East rebounded from a six-week low, according to a Bloomberg News survey. There are

January 15, 2013
Total Views: 140

Thursday, January 10, 2013
vlcc supertanker
Uncategorized

VLCC Rates Lower for 10th Straight Session, Middle East is “Sufficiently Supplied”

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, fell for a 10th session amid speculation

January 10, 2013
Total Views: 75

Monday, January 7, 2013
M/T Achilleas vlcc
News

Capital Product Partners Swaps Pair of VLCCs for 7,943 TEU Containerships

ATHENS, Greece – Capital Product Partners L.P. (NASDAQ: CPLP) today announced that it acquired from Capital Maritime & Trading Corp. (CMTC) two post

January 7, 2013
Total Views: 95

Wednesday, January 2, 2013
savoie vlcc euronav
News

Earnings for Supertankers Fall as Holiday Season Curbs Vessel Demand

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, fell for a fourth session as the year-end holiday

January 2, 2013
Total Views: 86

zombie shutterstock
News

2013 May Spawn a New Breed of “Zombie” Shipping Companies

Earnings for ships that haul liquefied gases, cars and oil products are most likely to recover this year amid a continued glut of merchant vessels that may

January 2, 2013
Total Views: 85

Friday, December 14, 2012
front duke vlcc supertanker frontline

VLCC Rates Gain for Second Straight Day

By Rob Sheridan Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, gained as more ships were booked.

December 14, 2012
Total Views: 113

Wednesday, November 21, 2012
front duke vlcc supertanker frontline
News

VLCC Rates from the Persian Gulf More than Double as East Asian Demand Strengthens

(Bloomberg) — A glut of the largest oil tankers in the Middle East is poised to fall to the lowest in 22 weeks as crude shipments to refineries across

November 21, 2012
Total Views: 103

Monday, November 19, 2012
front shanghai frontline vlcc tankers
News

Frontline 2012 Poised for Major Gains as Chinese Demand Hits Record Levels [REPORT]

(Bloomberg) — China is using the most supertankers in five months to meet record demand for oil imports, diminishing a glut of shipping capacity and

November 19, 2012
Total Views: 72