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VLCCs losing $20,000 a day going west and MR product carriers earning upwards of $20,000 a day on some routes - welcome to the topsy-turvey tanker market!
Kuala Lumpur: Malaysia's MISC Bhd returned to profit in 2012 turning in a net gain of $249.86m recovering from a loss of $574.93m the year before. Revenues however fell to…
Oslo: Frontline today reported a $16.6m loss in the fourth quarter, bringing the year loss to $82.8m.
New York: Nasdaq- listed StealthGas Inc. released its fourth earnings today, announcing profits of $7.8m for the three-month period and $29m for the year.The quarter's earnings are a 77.3% increase…
Lagos: Nigeria Liquefied Natural Gas Company (NLNG) agreed with two banks to secure $1.6bn in funding for six LNG carriers.
Dubai: Gulf Energy Maritime (GEM) has taken delivery of its second aframax product tanker, Gulf Valour, two months after receiving its first, Gulf Vision. The 114,700 dwt vessels, each capable…
Brussels: Exmar and Teekay LNG Partners have successfully closed their 50/50 LPG joint venture and announced and order of up to eight midsize gas carriers with Hanjin Heavy Industries Corporation…
Oslo: A slight seasonal uptick in Q4 charter rates was not enough to reverse the fortunes of Odfjell as their net losses for 2012 hit $111m.
Oslo: John Fredriksen’s Frontline has inked for two aframax tankers Guangzhou Shipyard International (GSI).
London: Shipowners operating off West Africa need to be “extremely careful” employing armed guards, the North P&I Club says.
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