The tanker shipping market is expected to sail into a strong fourth quarter, just ahead of IMO 2020, following a weak second quarter and a poor start to the third quarter, according to Euronav.
China’s Landbridge Group has received the fuel-efficient VLCC Landbridge Horizon from Dalian Shipbuilding Industry Company to further expand its VLCC fleet capacity.
Mitsui OSK Lines (MOL) remained in the black in the first quarter ended 30 June 2019 with a $113.8m and has maintained its full year profit forecast.
Bahri has signed a Memorandum of Understanding (MoU) to build its first VLCC at the International Maritime Industries yard in Saudi Arabia.
John Fredriksen’s Frontline has boosted its tanker fleet with an acquisition of a VLCC resale and an order for two LR2 ships.The VLCC has been acquired at a purchase price of $92.5m, and the LR2s have been ordered at a price of $46.7m per vessel...
China Merchants Energy Shipping (CMES) is forming a ro-ro shipping joint venture with a unit of China Merchants Energy Shipping (CMES) is forming a ro-ro shipping joint venture with a unit of Guangzhou Automobile Group.
Kuwait Oil Tanker Co (KOTC) has renewed a three year deal with Lukoil Marine Lubricants covering its fleet of 24 vessels.