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Tanker

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US Offers $5M Bounty on Singapore Shipowner for North Korea Trade

portnews -
US DOJ seized the tanker and linked the Singapore shipowner to sanction violations including oil transfers to North Korea (US Department of Justice photo) As...
Finance

WFW advises lenders on €29.5m ECA-backed loan for Fratelli Cosulich LNG carrier

portnews -
Watson Farley & Williams (“WFW”) has advised a consortium of lenders comprising Crédit Agricole Italia S.p.A (agent bank), UniCredit S.p.A., Cassa Depositi e Prestiti...
Energy

US blacklists 11 tanker vessels part of network carrying Iranian oil

portnews -
The US Treasury Department has added 11 tanker ships to the nation’s sanctions list. The vessels are part of a network transporting Iranian oil...
Companies

Teekay Tankers reports spot rates two to three times higher than last year

portnews -
Canada-based Teekay Tankers sees spot rates at levels two or three times higher than last year going into the fourth quarter. The carrier turned...
Energy

U.S. Treasury Sanctions Tanker Owner for Trafficking Iranian Oil

portnews -
The tanker Zephyr I, one of the vessels connected to Artemov, was in a collision with a container ship in September (MMEA image) The U.S....
Energy

Tanker rates for moving LNG smash all records

portnews -
  Rates for modern 174,000 cu m two-stroke ships have climbed close to $500,000 a day in October, Clarksons said in a market update, and...
Market

Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds

portnews -
Euronav NV reported its non-audited financial results today for the third quarter ended 30 September 2022. Hugo De Stoop, CEO of Euronav said: “Over the...
Energy

Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards

portnews -
According to Mr. George Lazaridis, Head of Research & Valuations, “we are still amidst a considerable market shift at this point as the market...
News

Phase one of FSO Safer plan is underway

portnews -
The UN has begun phase one of its plan to make safe the oil on board decaying storage tanker FSO Safer (IMO 7376472), which...
Companies

Euronav expects multi-year upcycle for large tankers

portnews -
Tanker giant Euronav announced a strong set of quarterly results and has a positive outlook for the large tanker market based on "strong fundamentals". Euronav...
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