Crude

News & Analysis

A crude tanker departing Venezuela's Lake Maracaibo.
11 Aug 2017
As Venezuela’s political and economic situation deteriorates, increasing impacts are being felt in the tanker trades, according to the International Energy Agency.
10 Aug 2017
Suezmaxes stand to benefit most from increase in US crude oil exports
Contract signing between HMM CEO Yoo Chang-keun and DSME boss Jung Sung-leep
03 Aug 2017
Hyundai Merchant Marine’s (HMM's) very large crude carrier (VLCC) orders are still being finalised, pending funding approval from Korea Shipping Offshore and other state-backed financial institutions.
Bank notes
01 Aug 2017
Fairplay has analysed each shipping segment’s cash performance. Bottom line: LNG is trending higher, LPG and box-ship lessors are problematic, tankers enjoy a cushion, and bulkers have survived.
Jon Chappell, Evercore ISI analyst
21 Jul 2017
Sentiment on the timing of the crude tanker recovery continues to slide as the outlook for the sector's supply-demand balance worsens
Maran Athena
20 Jul 2017
VLCC orders have gathered pace since the start of the year but could owners be playing a dangerous game, given that the demand for crude is not expected to rise any time soon.
Ship demolition
04 Jul 2017
Kyoei Tanker Company sold 300,000 dwt Taizan, built at NKK in Japan 15 years ago, to Dynacom in Greece for USD15 million.
30 Jun 2017
International Seaways’ purchase of two Suezmax newbuild resales is just the latest example of a much broader trend: US-listed shipping companies are aggressively raising capital to buy tonnage in 2017, but are placing very few fresh orders.
VLCC under construction
26 Jun 2017
Some 27 VLCCs ordered between January and May 2017 represent the highest level of crude carrier orders in eight years.
22 Jun 2017
As commercial banks pull back, public shipping companies are increasingly turning to institutional investors for low-amortisation debt in the so-called Term Loan B market.