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
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.
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.
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.
28 Dec 2017
Geopolitical events, OPEC, US exports, and Chinese imports could all affect crude tankers
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.
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.
13 Dec 2017
Japanese floating production specialist MODEC has bought a very large crude carrier sold by Euronav for USD45 million.
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.
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?