Spot charter rates for VLCCs averaged USD43,876/day between 2 November and 9 November, while Suezmax rates averaged USD36,569/day and Aframax rates averaged USD27,697/day, according to Clarksons data on 9 November.
Mexico’s Port of Veracruz is upping its game with a dredging, reclamation, breakwater, and rail and road project to boost the capacity of Mexican ports.
The company plans to build vessels with a lower carbon footprint in the Pacific Islands.
Healthy dry bulk rates and rising OSV utilisation contribute to the surge in bottom line.
A high number of ships have been sold in recent months, weakening fundamentals impact on market.
More MR tankers being contracted amid refinery expansion.
The club’s Asian operating company, Standard Asia, has entered a co-operation agreement with China’s biggest general insurer, Ping An.