Scorpio Tankers has agreed to sell seven of its under-construction VLCCs for a $50m profit.

A pirate attack on a Thai-flagged VLCC Tateyama in the Strait of Hormuz was thwarted on 28 February.

In a presentation at The Energy Forum, a monthly gathering held in midtown New York, the discussion turned to a “Day of Reckoning”, for US produced oil, maybe starting in 2016, if restrictions on its export are not lifted.

Earnings in the large crude tanker sectors appear to have decoupled for the present with VLCC earnings remaining at strong levels while suezmax and aframax have collapsed from very high levels seen earlier in the northern hemisphere winter. And...

DHT Holdings has confirmed a further three VLCC newbuildings at Hyundai Heavy Industries (HHI) at a total cost of $291.9m.

Euronav’s plans to buy five large tankers from bankrupt Overseas Shipholding Group (OSG) have been scuppered.

Navios Maritime Acquisition Corporation has sold an old VLCC for approximately $17.4m.

Euronav has formed a joint venture with Blackstone’s GSO Capital Partners to buy five tankers being sold by the bankrupt Overseas Shipholding Group (OSG).

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

DHT Holdings has entered agreements to raise $217m and signed a letter of intent for three VLCCs at Hyundai Heavy Industries (HHI).