Rates have been buoyed by increased US exports and a rebound in the crude tanker market, according to Danish owner Torm

Stephen Qi, COO of Brightoil International Trading and Bunkering
The development is another blow as concerns linger about bunkering group’s financials.

Gas supply vessel MV Kairos
There are just a handful of purpose-built LNG supply vessels in the world, but the sector is growing as LNG gains popularity as a marine fuel.

Stock photo of a ship hull

Spot charter rates for VLCCs averaged USD43,876/day between 2 November and 9 November, while Suezmax rates averaged USD36,569/day and Aframax rates averaged USD27,697/day, according to Clarksons data on 9 November.

Ship scrapping in the Asian sub-contentinent

A high number of ships have been sold in recent months, weakening fundamentals impact on market.

Meridian Express

More MR tankers being contracted amid refinery expansion.

Sanoyas Shipbuilding

Some shipbuilders continue to be in the red as orders slow down.

D’Amico group chairman Paolo d’Amico

Paolo d’Amico will take up his new role at DIS on 1 January 2019, the day after current chief executive Marco Fiori is due to stand down for personal reasons.

Iran's LPG exports peaked at about 580,000 tonnes in August, the highest monthly volume since 2016, when the previous round of international sanctions were eased.

DS Norden's Atlantic Muse

The Danish shipping company sees opportunities in the tanker market amid a revival in crude tanker rates