vlccs

Shipping

Oil Tanker Rates Fall as Hormuz Tensions Subside

Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions

News

Business of Shipping: What’s Happening with VLCC Storage?

By Ira Breskin – Moderate production cuts announced Sunday by the world’s major crude oil producers should reduce what has been the critical need for

Shipbuilding

China Delivers First ‘Smart’ VLCC

China’s largest shipbuilder Dalian Shipbuilding Industries (DSIC) has delivered what it says is the world’s first “smart” Very Large

News

Bahri Commits to VLCCs a Saudi Arabia’s New King Salman Maritime Complex

Saudi Arabian shipping company Bahri has signed a Memorandum of Understanding for the construction of the first VLCCs at the new King Salman Complex for

Shipping News

Record Number of Supertankers Loading at Louisiana Offshore Oil Port

By Collin Eaton HOUSTON, June 3 (Reuters) – Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a