Singapore: Demand for very large crude oil tankers has virtually “ground to a halt” as the oversupply situation worsens and imports from the US drop, even as the Asian region continues to support a considerable portion of consumption, according to...

London: Knightsbridge Tankers, part of John Fredriksen's empire, has picked up two 182,000dwt capesize bulk carrier newbuilds in Japan.

It was another grim week for the large tanker market with VLCC rates barely covering bunker and port costs let alone other operating costs despite a steady stream of Gulf cargoes according to Braemar Seascope.  

MR product tankers continue to lead the way in an otherwise dire tanker market. Some Atlantic rates may have slackened slightly but Baltic/UKC and UKC/UKC MR earnings last week were a staggering $32,000 and $51,000 a day according to Clarksons...

VLCCs losing $20,000 a day going west and MR product carriers earning upwards of $20,000 a day on some routes - welcome to the topsy-turvey tanker market!