Tanker consolidation is a rare event, not the norm. Outsized egos of tanker bosses have long been blamed for the lack of transactions – but the effect of personalities may be overstated.
News & Analysis
18 Apr 2018
VLCC tonnage heading for demolition appears to be slowing down on the back of softening prices as the reopening of Pakistan for tanker vessels has not yet been finalised.
04 Apr 2018
South Korea’s DSME has secured a contract for two more VLCC newbuildings from a North American customer, making it the third order won this week.
02 Apr 2018
Daewoo Shipbuilding & Marine Engineering has contracted a pair of VLCC from Korea Line Corporation and another vessel from a European client.
30 Mar 2018
Korea Line Corporation has secured another VLCC newbuilding duo to service a charter deal with refinery company S-Oil Corporation.
28 Mar 2018
Delays in the reopening of Pakistan for tanker demolition have seen correction of scrap prices in the tanker market.
27 Mar 2018
Korea Line Corporation has secured another contract to transport crude oil to refiner S-Oil Corporation.
26 Mar 2018
Greek shipowner Unisea secures a contract with Samsung Heavy Industries for the construction of two Aframax tankers, with delivery planned in the second half of 2019.
22 Mar 2018
Greek shipowner Kyklades Maritime has secured two more VLCC newbuildings from South Korea’s Hyundai Heavy Industries, adding to the four VLCCs that were ordered earlier.
21 Mar 2018
The market has seen a total of 20 VLCCs head for the recycling yards so far as demolition sales continue.
19 Mar 2018
Japanese shipping company JX Ocean has placed an order for one VLCC from shipbuilder Japan Marine United, scheduled for delivery in 2019/20.