Coal mining firm Agritrade Resources has acquired a VLCC to diversify its business in view of the downward trend of coal mining business and brighter prospects for tanker shipping.

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

Late last week, multiple events brought together professionals from the shipping and the underlying commodity businesses around New York. The Connecticut Maritime Association’s monthly luncheon, in nearby Stamford, featured long time market...

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.

Analysts are beginning to ponder the possibilities of a floating storage play for VLCCs if the present contango - oil futures prices higher than current prices - is maintained.

As widely anticipated, Euronav has come to market with its offering on the New York Stock Exchange (NYSE) hoping to raise as much as $201.6m ($185m net) figuring an overallotment allowance granted to the underwriters. Financial pundits say that ...

With Chinese players Unipec and Petrochina being revealed as the biggest VLCC charterers last year and record crude imports in December of 7.2m barrels per day, China demand is driving the dirty tanker market higher, to the delight of owners in...

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.

Sinotrans Shipping has agreed to sell a 2008-built VLCC at a loss of $38.2m over the price of $100m it bought in 2011.

Dubai-based United Arab Chemical Carriers (UACC) is bullish about its chemical and product tanker fleet as the Middle East, and especially the GCC, continues a massive refinery build-out that should add at least 3.3 million barrels per day of...