Liquefaction vessels will account for 80% of forecast expenditure, totalling USD42 billion, between 2019–24, the report said.

2016-built crude oil tanker, Gem No. 1

Japan’s shipping major has sealed a three-year charter deal with US energy group Koch for a newly constructed VLCC.

A Suezmax vessel

There is renewed optimism for the Suezmax sector’s prospects, as the orderbook is limited and more tonnage is expected to be scrapped as the sulphur deadline draws near.

The STI San Antonia is one of the MRs involved in the transaction. Credit: Fotoflite

Scorpio Tankers has signed a sale-and-leaseback deal for six MR product tankers and one LR2 product tanker, the fourth such deal in two months.  

Overseas Shipholding Group

The US tanker owner is back in expansion mode, having previously been under bankruptcy protection.

Evangelos Marinakis

Evangelos Marinakis’ Capital Group has booked four LNG carrier newbuildings with South Korea’s Hyundai Heavy Industries.

Heung-A Pioneer

South Korea's Heung-A Shipping, which has been under financial pressure, has sold two chemical tankers. 

2008-built mid-sized LPG carrier Sanko Independence

Once having boasted a fleet of 180 vessels, Japanese shipowner Sanko has only three vessels left following its drive to downsize its operations.

Japan’s MLIT will build the country’s first LNG bunkering tankers aimed at strengthening Nagoya ports’ competitiveness.