The next two years could bring some long-awaited good news to the crude market, according to Stavroula Betsakou, head of tanker research at ICAP Shipping.
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.
BW Offshore has revealed itself as the buyer of a 2012-built VLCC ordered by Today Makes Tomorrow (TMT) at Daewoo Shipbuilding and Marine Engineering (DSME).
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...
The Chinese government has announced a long-awaited scrapping subsidy plan that aims to boost the country’s ailing shipbuilding and shipping industries.
Analysts have been turning their attention to what, if any, effect an easing of sanctions on Iran might have on the tanker market, in particular VLCCs, as a result of the agreement on the country's nuclear programme. With VLCC earnings currently...