You can have a rousing VLCC market, described by Nordic American Tankers chief Herbjorn Hansen as “the strongest we have seen in decades”, and you can have the prospect of reduced vessel supply, and therefore sharply higher capacity utilization ...
The coronavirus – COVID-19 – is sweeping through the global economy but the global shipping industry continues to operate keeping world trade running despite facing severe disruptions.
Chembulk Tankers has confirmed a move to transfer its entire fleet of owned and chartered stainless-steel chemical tankers into commercial pools to be managed by Womar Logistics.
Maersk Tankers has entered into a deal to commercially manage 27 tankers from Team Tankers International under two new pools, allowing the latter to gain access to Maersk Tankers’ digital approach to commercial management.
Anders Onarheim is set to continue as ceo of BW LPG beyond his current interim appointment to the role.
With the dual black swan events of the coronavirus (COVID-19) and the surge in oil supply Frontline ceo Robert Macleod believes that skyrocketing rates of $250,000 per day rates for VLCCs are real this time.
Navigator Holdings has collaborated with Pacific Gas (Singapore) and Greater Bay Gas Co (HK) to form a new Luna Pool consisting of a fleet of 14 handysize vessels.
The tanker shipping market has enjoyed an unexpectedly strong week, with a dramatic fixing binge by Saudi Arabia’s Bahri pushing up rates to around $250,000 a day.
Just as major oil producers pump millions of extra barrels of oil on to world markets, Oslo-based Rystad Energy has released updated estimates for global fuel demand as a result of the impact of coronavirus (COVID-19) on world energy markets.
Reflecting the trend towards renewing their fleets with larger vessels at the beginning of March the Greek-owned fleet of vessels over 1,000 gt was down on 12 months ago but up in terms of carrying capacity and gross tonnage.