Tanker

Equatorial Guinea

Detained Oil Tanker in Equatorial Guinea to Return to Nigeria

portnews - November 13, 2022

An oil supertanker accused by Nigerian authorities of attempting to illegally load crude before leaving its territorial waters is on its way back to...

Market

Gibson tanker report – Fair Value?

portnews - November 12, 2022

VLCC earnings have been remarkably strong over the past few months despite the prospect of OPEC+ production Source: GIBSON SHIPBROKERS LTD

Companies

MOL, QatarEnergy sign charter deal for three newbuild LNG carriers

portnews - November 10, 2022

MOL announced that, through a subsidiary, it signed a long-term charter contract for three newbuilding liquefied natural gas (LNG) carriers with QatarEnergy. The vessels will...

Indonesia

U.S.-sanctioned oil tanker stuck in Indonesia carries Venezuelan fuel

portnews - November 10, 2022

A grounded oil supertanker under U.S. Treasury Department sanctions being refloated in Indonesia is filled with Venezuelan fuel, according to vessel monitoring services. Treasury’s Office...

Companies

Tanker operator speaks of “market recovery” after back-to-back profit

portnews - November 8, 2022

DHT Holdings delivers another profit on the bottom line and sees an improved market ahead, driven by geopolitical uncertainty and new trade patterns.

Market

Demand soars for older VLCC tonnage

portnews - November 7, 2022

So far, 2022 has seen 84 secondhand VLCC sales, with an average vessel age of 14 years, according to data from VesselsValue Values for tankers...

Market

Tankers: VLCCs on the Rebound

portnews - November 6, 2022

Clean The Middle East Gulf has seen a mixture of behavior this week. LR2 demand has been minimal and TC1 lost 6.25 points to WS185.94...

Market

Crude tanker owners see dollar signs as Russia ban draws near

portnews - November 6, 2022

The European Union’s ban on imports of Russian crude is now less than five weeks away. As the clock ticks down to the Dec....

Companies

Odfjell buys back five and charters in four

portnews - November 5, 2022

Norwegian chemical tanker operator Odfjell has exercised the option to buy back five vessels on lease and chartered in four currently under construction. The Bergen-based...

Market