The 40-year ban on crude oil exports from the United States has now been eliminated, as part of the $1.1trn bill, which fixes the US government’s budget through late 2016. Just prior to adjourning for their holiday break, the US Congress passed...
Profits continued to rise in the third quarter for DHT Holdings boosted by the strong VLCC market.
VLCC rates have been climbing precipitously since their August slump. Renewed activity in the Gulf, including increased cargoes from Iraq, pushed earnings on the bellwether Gulf/Japan route to in excess of $70,000 a day.
Jiangsu Hantong Ship Heavy Industry Co has bagged an order from Greece’s Cardiff Marine to construct four aframax tankers.
New York-listed DHT Holdings reported a $22.2m profit in the second quarter buoyed by a strong tanker market.
FSL Trust has fixed three tankers on time charter in deals worth up to $61m over three years on the back of an improved market.
China Shipping Development Company (CSDC) has ordered four new aframax tankers at Guangzhou Shipyard International (GSI) at a total price of $199.92m.
