Crude

Commentary

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

2010-built crude oil tanker, Nave Synergy
12 Feb 2018
Shell and Petrobras have fixed very large crude carriers on one-year period charter, with an option to extend the hire for another year. 
The 2008-built 164,154 dwt Suezmax tanker Sanchi in flames
07 Jan 2018
Iranian-owned Sanchi, a 2008-built 164,154 dwt Suezmax tanker has collided with the bulker CF Crystal about 300 km off Shanghai
04 Jan 2018
The Euronav-Gener8 deal is the latest in a long line of crude-tanker takeovers, but even after years of transactions, global ownership is still highly unconsolidated.
Cosco's tanker Xin Yue Yang
02 Jan 2018
Optimism regarding China's oil demand in 2018 has encouraged COSCO Shipping Energy Transportation (CSET) to order two VLCC at a compatriot shipyard, as the oil markets post a strong start to the year.
Press conference
28 Dec 2017
Geopolitical events, OPEC, US exports, and Chinese imports could all affect crude tankers
Euronav CEO Paddy Rodgers
22 Dec 2017
The planned takeover of Gener8 Maritime by Euronav exemplifies a broader consolidation trend: investors are favouring larger public platforms that boast better capital access and improved share liquidity.
The 1999-built VLCC, Luxe.
21 Dec 2017
Japanese floating production specialist MODEC has signed the contract for supply, charter, and operations of a floating production storage and offloading vessel with Petróleo Brasileiro SA.
The 2004-built 305,688 dwt Flandre
13 Dec 2017
Japanese floating production specialist MODEC has bought a very large crude carrier sold by Euronav for USD45 million.
The 2015-built 319,547 dwt VL Prime
12 Dec 2017
Hyundai Glovis, the logistics arm of Hyundai Motor Group, has placed an order for a 310,000 dwt very large crude carrier from Hyundai Heavy Industries.
A tanker departing Venezuela's Lake Maracaibo.
05 Dec 2017
If bond-holding ‘vulture’ hedge funds launch collection actions against Venezuelan oil company PDVSA, will tanker operators carrying PDVSA crude get caught in the legal crossfire?