Nordic American Tankers (NAT) has been awarded $10.2m in arbitration ruling over a bareboat charter dispute with cash-strapped owner Gulf Navigation.

Despite making a loss in 2013 Euronav is already eyeing more opportunities in the large tanker sector just weeks after buying Maersk Tankers VLCC fleet for $980m.

The spike in VLCC rates towards the end of 2013 did little to improve the outturn for this class of vessels for the year as a whole. Average earnings for VLCCs, according to Clarksons Research, averaged a miserable $16,009 a day for the year...

Party season has hit New York with a vengeance; late Thanksgiving has meant a shortened window for events. In spite of a few minor encounters with wintry weather, the mood has brightened tremendously. Charter rates have returned to profitable...

Most of the owners of large tankers have yet to report their third quarter results but if Euronav is anything to go by the news is not going to be good. The Belgium-based owner of VLCCs and suezmaxes reported a loss of $34m on its tanker fleet...

The recent earnings report of Nordic American Tankers (NAT), a suezmax pure play, shows the interplay of the commodity markets with the tanker trades, and the refractions of the stock analysts lenses. NAT vessels trade mainly spot; with low debt...

The misery continues for large tanker owners with VLCCs earning less than $10,000 a day on average. Suezmaxes are doing a little better at almost $20,000 a day, while aframaxes are around $12,000 a day.

No let-up in tanker market misery for owners of crude carriers with average VLCC earnings at less than $7,000 a day this year according to Clarkson Research. AG/West continues in negative territory. Suezmaxes are doing a little better with average...