Tanker Owners

SFL Corporation has acquired a newly-built 308,000-dwt VLCC from Landbridge Group under a resale deal, and bareboat charter it back for seven years.

Spot rates for crude tankers are expected to be negatively impacted later this year and into 2021, though tanker supply fundamentals can offer a positive counterbalance, according to Teekay Tankers.

Marine travel experts ATPI Marine & Energy are teaming up with the International Maritime Employers’ Council (IMEC) on crew changes and joint charter flights.

Belgium-based Euronav has inked an agreement to make a resale purchase of a scrubber-fitted VLCC newbuilding at a price of $93m.

The long term outlook for the product tanker market appears grim with expectations of lethargic growth in oil demand made worse by refinery capacity expansions, according to a latest forecast by shipping analyst Drewry.