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

John Angelicoussis
06 Nov 2018
The tankers are understood to be booked for charter to Chevron.  
DSME shipyard
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.
1998-built crude oil tanker Spero (ex-Seaservice)
16 Oct 2018
Further depreciation in the Pakistani and Indian currencies as well as Gadani tanker fire pose challenges in the shipbreaking market.
2011-built crude oil tanker DS Venture
03 Oct 2018
Minsheng Financial Leasing purchased the 2011-built VLCC DS Venture for USD56 million.
Crude oil tanker Brightoil Glory
07 Sep 2018
Escalating cost estimates have prompted Brightoil’s audit committee to hire an independent adviser to help review the financial statements.
Maran Hermione
06 Sep 2018
Sembcorp Marine secures Maran Tankers contract for installing marine scrubbers and ballast water management systems on 13 vessels.  
Crude oil tanker Ramlah
05 Sep 2018
The increase in steel prices has prompted a wave of vessel scrapping that had retreated during the Eid holidays.
COSCO Shipping vessel at sea
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