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 Crude Oil Carrier to China Merchants Energy Shipping (CMES). The 308,000 DWT supertanker, named New Journey, has been under development for the past three years as part of a joint R&D project between CMES, DSIC and China Shipbuilding & … [Read more...]

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 International Maritime Industries (IMI) and Services at Ras Al-Khair, Saudi Arabia.  Under part of the MoU, Bahri has committed to placing the order before the end of July 2019. IMI will then Hyundai Heavy Industries as … [Read more...]

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 record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter. The six scheduled loadings in late May and early June would double the record of Very … [Read more...]