Much to the chagrin of VLCC owners facing overcapacity, speculative orders in this tanker class continue to pile up. Is it time to get worried?
News & Analysis
06 Nov 2018
The tankers are understood to be booked for charter to Chevron.
05 Nov 2018
Three additional VLCCs booked at Daewoo Shipbuilding & Marine Engineering after maiden order in early 2018
30 Oct 2018
Tanker operator claims scrubbers are a 'loop hole' and their use risk facilitating non-compliance with the new 0.5% sulphur limit for marine fuels.
16 Oct 2018
Further depreciation in the Pakistani and Indian currencies as well as Gadani tanker fire pose challenges in the shipbreaking market.
03 Oct 2018
Minsheng Financial Leasing purchased the 2011-built VLCC DS Venture for USD56 million.
07 Sep 2018
Escalating cost estimates have prompted Brightoil’s audit committee to hire an independent adviser to help review the financial statements.
06 Sep 2018
Sembcorp Marine secures Maran Tankers contract for installing marine scrubbers and ballast water management systems on 13 vessels.
05 Sep 2018
The increase in steel prices has prompted a wave of vessel scrapping that had retreated during the Eid holidays.
30 Aug 2018
Low tanker rates have pushed CSET into the red in the first six months of 2018, but its LNG profits have expanded at a healthy clip.
28 Aug 2018
An in-depth Fairplay data analysis of quarterly cash flows of public tanker and bulker companies reveals different approaches towards financing and investing