With freight rates in the tanker shipping market displaying strength, especially since the world is experiencing only modest demand growth, analyst Poten & Partners has taken a closer look at what exactly are the key drivers for the increases in...

As we move into the second quarter, earnings in the crude and products markets may have come off their year-end highs, but remain at reasonably respectable levels.

China Merchants Energy Shipping (CMES) is planning to send eight elderly ships to the scrapyard as part of its ongoing fleet renewal programme.

January may have started off a bonanza in the large crude tanker market but the question on everybody's mind was can it last?

Kuwait Oil Tanker Company (KOTC) is moving ahead with its Phase IV newbuild programme, which envisages delivery of up to eight new tankers by 2017-18.

The booming tanker market has fuelled another public offering - Tankships Investment Holdings, with George Economou’s Dryships seeking to spin out its existing tanker fleet into a new entity.

Unipec topped the list of dirty tanker charterers in 2014, and was by far the largest hirer of VLCC tonnage, according to brokers Poten & Partners.

So 2014 proved to be a rather better year for the crude tanker market than recent years with earnings in the VLCC, suezmax and aframax sectors considerably higher than the previous year.

Malaysian shipping company MISC saw third quarter net profit rise to MYR470.8m ($140.7m) from MYR401.0m previously and group revenue rose slightly to MYR2.18bn from MYR2.17bn.

Over 720 immigrants have been saved by Greek aframax tankers from over-crowded boats in rescue operations off Libya in recent weeks.