supertankers


Friday, November 16, 2012
Tanker Supply at Seven-Month Low Seen Lifting Rates on China

Tanker Supply at Seven-Month Low Seen Lifting Rates on China

(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the

November 16, 2012
Total Views: 65

Tuesday, November 6, 2012
alexander the great vlcc supertanker
News

VLCC Market Oversupplied by Nearly 20 Percent, and Still Losing Money

(Bloomberg) — A glut of the largest oil tankers in the Persian Gulf was poised to remain unchanged for a second week, a Bloomberg News survey showed.

November 6, 2012
Total Views: 218

Monday, November 5, 2012
VLCC Charter Rates Rise as Supply of Vessels Remains Stable

VLCC Charter Rates Rise as Supply of Vessels Remains Stable

(Bloomberg) — Charter rates rose for the largest tankers hauling Middle East oil to Asia on the industry’s busiest trade route as the supply of

November 5, 2012
Total Views: 85

Thursday, October 11, 2012
Maersk Hakone
News

BP Signs $5 Million Charter for South Korea-bound Maersk VLCC

LONDON–BP PLC (BP) is looking to ship 2 million barrels of North Sea crude to South Korea at the end of October, according to shipping fixtures seen

October 11, 2012
Total Views: 100

Friday, October 5, 2012
vega star vela international vlcc
News

Saudi Aramco Charters 7 Supertankers to Haul US-Bound Crude

(Bloomberg) — Saudi Arabian Oil Co., the world’s biggest state-owned crude producer, increased the number of supertankers it hired to haul oil to

October 5, 2012
Total Views: 442

vlcc brawny IMO 9079080
News

Iranian Supertanker to Offload 2 Million Barrels of Oil in South Korea

Oct. 5 (Bloomberg) — An Iranian supertanker is heading to South Korea with a cargo of oil, according to shipping data, as the Islamic republic uses

October 5, 2012
Total Views: 58

Saturday, September 29, 2012
50 Supertankers? China, I’m Sorry, but I Don’t Believe You [OP/ED]
Engineering News

50 Supertankers? China, I’m Sorry, but I Don’t Believe You [OP/ED]

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50

September 29, 2012
Total Views: 436

Friday, September 28, 2012
Rumors Abound, China Places Order For 50 Supertankers
Interesting

Rumors Abound, China Places Order For 50 Supertankers

China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate

September 28, 2012
Total Views: 63

Thursday, September 20, 2012
cosco
News

Tanker Owners Bewildered as COSCO Considers Order of 10 New Supertankers

(Bloomberg) — China Ocean Shipping Group Co., the nation’s biggest ship operator, is considering an order for very large crude carriers as the

September 20, 2012
Total Views: 132

Tuesday, September 11, 2012
vlcc camden hampstead knightsbridge
News

Knightsbridge Sells Pair of Supertankers, Gains Nice Little Bonus Too

Knightsbridge Tankers Limited (Nasdaq:VLCCF) announced today that the sale of the VLCC Hampstead, which was discussed in their second quarter earnings release

September 11, 2012
Total Views: 240

Monday, September 3, 2012
Chevron Moves To Ship VLCC With North Sea Crude To Asia

Chevron Moves To Ship VLCC With North Sea Crude To Asia

LONDON–Recently weakened prices of North Sea crude grades that form global benchmark Brent could find support in the coming days as up to 2 million

September 3, 2012
Total Views: 66

Thursday, August 16, 2012
pazflor fpso
News

West African Crude Imports May Lift Day Rates for VLCCs

Increased Asian imports of West African oil may lift demand for very large crude carriers as daily rates stay below $15,000, according to the Baltic and

August 16, 2012
Total Views: 72

Tuesday, August 14, 2012
Alexander the Great VLCC
News

VLCC Owners Watch Helplessly as Charter Rates Drop

(Bloomberg) — A surplus of oil tankers seeking cargoes in the Persian Gulf expanded, curbing an advance in charter rates for the vessels. There are 20

August 14, 2012
Total Views: 135

Monday, July 30, 2012
oscilla frontline vlcc
News

Bunker Prices are Still Crushing Shipowners as Asian VLCCs Post Huge Net Losses

(Bloomberg) — Losses widened for oil tankers hauling 2 million-barrel crude cargoes on the industry’s benchmark route to Asia from the Persian Gulf

July 30, 2012
Total Views: 101

Tuesday, July 24, 2012
VLCC Owners See Lowest Returns Since 2008 And It Ain’t Getting Better

VLCC Owners See Lowest Returns Since 2008 And It Ain’t Getting Better

(Bloomberg) — A glut of the biggest oil tankers in the Persian Gulf expanded, a Bloomberg survey showed, adding to pressure on owners facing returns near

July 24, 2012
Total Views: 52

Saturday, July 21, 2012
vlcc supertanker crude oil tanker lightning stormy seas
News

102.5 Million Barrels of Oil Are Enroute to China, Right Now

(Bloomberg) — Crude-oil shipments aboard supertankers bound for China fell 2.5 percent this week, according to ship-tracking data compiled by Bloomberg.

July 21, 2012
Total Views: 88

Wednesday, July 18, 2012
front chief vlcc frontline tanker crude oil
News

US and China Sit on Huge Stockpile of Crude as VLCC Charters Hit 17-Month Low

(Bloomberg) — The number of oil-tankers booked to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is poised to slump to a 17-month

July 18, 2012
Total Views: 88

Friday, June 22, 2012
trafigura logo
News

Trafigura Charters VLCC Bound for S. Korea, Forties Prices May Soon Stabilize

LONDON–The sliding price of North Sea Forties crude, the main component of global benchmark Brent, is set to find support as up to 2 million barrels of

June 22, 2012
Total Views: 128

Thursday, June 14, 2012
Elizabeth I.A. vlcc
News

Statoil Charters VLCC to Ship 2 Million Barrels of Forties Crude to East Asia

(Dow Jones) LONDON–The price-supporting trade in crude oil from the North Sea to South Korea looks set to continue in July as Statoil ASA (STO) moves

June 14, 2012
Total Views: 259

Monday, June 11, 2012
Tanker Market Update – OPEC Production Boosts VLCC Rates [VIDEO]
Multimedia

Tanker Market Update – OPEC Production Boosts VLCC Rates [VIDEO]

The latest update from Teekay’s Market Analyst Christian Waldegrave on the global marine tanker markets, including a look at how OPEC oil production

June 11, 2012
Total Views: 39