Qingdao port in China is now back to normal operations following a pipeline explosion last week, Inchcape Shipping Services (ISS) reports.

Euronav has sold double-hulled VLCC Ardenne Venture for $41.7m, in an attempt to pay down its debts.

A quick return of the NITC fleet if sanctions against Iran are lifted could have a “catastrophic” impact on the crude tanker market, warn brokers EA Gibson.

Royal Australian Navy vessel HMAS Melbourne has apprehended nine alleged pirates suspected to be the culprits of the recent attack on Island Splendor.

China Merchants Energy Shipping (CMES) has sent an aged VLCC to the scrapyard for a price of RMB93.75m ($15.37m).

Gulf Navigation’s second VLCC has been arrested by creditors in the Bahamas.

Venezuela state-oil and gas firm Petroleos de Venezuela SA (PDVSA) has received its first VLCC as it builds up its own shipping fleet.

With large tanker earnings continuing at nightmare levels at a time when demand would be strengthening in a more normal market, commentators are turning their minds to possible solutions to excess tanker supply. Accelerated scrapping of older...

Structural changes to trading patterns and a low orderbook give some cause for optimism for the battered VLCC market according to an analyst from Pareto Securities.

Financially-embattled UAE tanker owner Gulf Navigation is to exit the VLCC by business a week after one of its vessels was arrested by creditor DNB.