Tanker

News

Mikael Skov: EU sanctions will boost demand by more than 100 MR vessels

portnews - August 26, 2022

Product tanker is red-hot, but Hafnia predicts a boom in both rates and demand once EU sanctions shut off oil import to Europe in...

Companies

Dee4 Capital profits from divestment of two tankers

portnews - August 26, 2022

Dee4 Capital Partners, spearheaded by former Norden and BW Group CEO Carsten Mortensen, has sold two tanker vessels for a total price of USD...

Companies

Performance Shipping enters product tanker market with LR2 acquisition

portnews - August 26, 2022

Performance Shipping hopes to reap the benefits of a positive tanker market Greek tanker owner Performance Shipping announced the purchase of a 105,304-dwt LR2 Aframax...

News

No large tanker newbuilds ordered in over a year

portnews - August 22, 2022

No VLCCs or Suezmax tankers have been ordered for more than a year, as owners hold off in the face of sharply higher prices...

News

Gibson tanker report – VLCCs back in the game?

portnews - August 21, 2022

This week, benchmark VLCC earnings (non-scrubber, non eco) surged to over $40,/day after spending nearly 20 months

News

ABS: The Permanent Means of Access (PMA) on Oil Tankers and Bulk Carriers

portnews - August 21, 2022

Regulations for Permanent Means of Access (PMA) have been in force for more than 15 years. PMA regulations include requirements on the provision andplacement...

Energy

Big Profits Lure Older Tankers to Russian Oil Trade

portnews - August 19, 2022

The fallout from Russia’s invasion of Ukraine is still making waves in the shipping market, with more older tankers being deployed on the lucrative...

News

Strongest Tankers’ results in 15 years

portnews - August 19, 2022

Odfjell posted 2Q22 figures yesterday evening and could have proceeded straight to celebrations, as this was the quarter to remember. The company previously guided...

Market

Value of Torm’s tanker fleet increased USD 258m in three months

portnews - August 19, 2022

The heated product tanker market has made its mark on prices of second-hand tankers and fleet values, according to Torm’s second-quarter financial report.

Market