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Tankers

The news that an MR product carrier drifted 280 miles to save fuel tells us all there is to know about the current fuel market. The Norden Nord Integrity managed…
The share of Indian tonnage in the transportation of the country’s cargo has been dipping steadily over the years, from around 33% in the early-1980s to a current level of…
Antwerp: Euronav announced a full year loss of $118m in 2012, an increase on 2011's $96m loss as the tanker market remains firmly in the doldrums.
Caracas: Venezuelan government-owned oil company Petroleos de Venezuela (PDVSA) has received four vessels for its shipping branch PDV Marina.
Hong Kong: Mainland listed units of China's Sinotrans face suspension from their respective bourses if they continue to post losses, the chairman of the Hong Kong-listed parent group was quoted…
New York: Nordic American Tankers (NAT) has entered into an agreement to acquire its twenty-first double-hull suezmax from a South Korean shipyard.
Mumbai: India-based Great Eastern Shipping (GE Shipping) has offloaded a 1988-built general purpose product carrier.
Hong Kong: China Shipping Development Co (CSDC) has unveiled plans to order six LNG carriers worth about $1.2bn by June, according to the company's chairman Li Shaode.
Shanghai: China Shipping Development Co (CSDC) narrowly managed to stay profitable in 2012 but is looking to delay taking deliveries of some new vessels in view of the oversupplied shipping…
The products market got a boost last week when Gulf rates to Japan lifted significantly as LR2 earnings on the route rose 32% to $18,116 a day and LR1 earnings…
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