The Panama Canal is feeling the effects of the Covid-19 pandemic with a substantial drop in ships transit in April and May, Panama Canal Authority (ACP) Administrator Ricaurte Vásquez, said in a virtual forum organised by a local newspaper.
AET has delivery of the Eagle Petrolina, the first of four suezmax Dynamic Positioning (DP2) Shuttle Tankers purposed built for long-term charter to Petrobras, the Brazilian petroleum corporation.
Despite a US official’s warning that Washington was considering a response to the shipment, an Iranian tanker loaded with fuel and oil products arrived Saturday in Venezuela.
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.