Counter-seasonal movements in the first quarter 2023 large tanker market have only been seen twice previously since 1990, according to Euronav’s latest earnings report.

MISC President of Corporate Planning Zahid Osman is to take over the helm at its petroleum tanker arm AET from the beginning of June.

The fatal explosion that ripped through the tanker Pablo offshore Malaysia has focused attention on the dangers the “dark fleet” raises for shipping safety.

Singapore-headquartered Eastern Pacific Shipping (EPS) has placed its first large-size ammonia carrier newbuilding order from China’s CSSC Jiangnan Shipyard.

Investors in the tanker market have been closely following the recent batch of earnings reports, conference calls and analyst recommendation as the market eased since the boom times of 2022.

As observers voice concern about global shipbuilding capacity over the next few years, new ship prices to secondhand ratios can provide a guide to underlying shipowner sentiment.

The tanker fleet of Venezuela’s oil major PDVSA is at risk of oil spills, sinking, fires, collision or flooding, according to an internal report seen by Reuters.

Iran has seized a second tanker in under a week in the area of the Strait of Hormuz.

CSSC Dalian Shipbuilding Industry (DSIC) has received an order for ten product tankers from Greek owner Dynacom Tankers Management.

Shipping companies are more information-hungry than ever before, citing a recent 131% increase in maritime data usage associated with business operations, a top satellite communications executive told Seatrade Maritime News.