Tanker

News

Pure-play Jones Act tanker owner bets on offshore recovery

portnews - May 16, 2022

With a recovery underway in offshore energy, Jones Act tanker owner American Shipping Co (AMSC) has purchased the highly capable offshore construction vessel (OCV)...

News

Retrofittings and New Technologies Widen Gap Between Benchmark and Real-World VLCC Earnings

portnews - May 15, 2022

According to Gibson, “of course, some of this stubbornly persistent weakness in the VLCC market is due to fundamentals. The fleet is bigger than...

Market

Affinity Tanker Weekly, 13 May 2022

portnews - May 13, 2022

After a quiet first half of the week, with nothing major to report, VLCC charterers in the AG crushed owners’ expectations for higher rates

News

Tanker Market Shows Mixed Performance During April

portnews - May 13, 2022

Spot fixtures The latest estimates show global spot fixtures declined in April, averaging 12.9 mb/d. Fixtures fell 2.4 mb/d, or around 16% m-o-m. Compared with...

Energy

Euronav Says Tanker Rate Uplift Continues to Have Momentum

portnews - May 12, 2022

Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 2022. Hugo De Stoop, CEO of Euronav said: “The conflict...

Companies

TORM plc Posts Improved First Quarter Results With Product Tanker Market Recovering Strongly

portnews - May 11, 2022

In Q1 2022, TORM achieved TCE rates of /day 16,743 (2021, same period: /day 13,493) and an EBITDA of USD 60.4m (2021, same period:...

Energy

The world is ‘crying out for diesel.’ Product tankers could win big

portnews - May 10, 2022

Retail gasoline prices in the U.S. are up 45% year on year. Diesel used by American truckers is up 75% and just hit an...

News

High efficiency coastal tankers ordered

portnews - May 9, 2022

Thun Tankers places order with legacy builder for a pair of high-efficiency coastal tankers Thun Tankers has placed an order for two 7,999-dwt R-class tankers,...

Market

Four tankers set for conversion to container ships – but Concordia needs deal

portnews - May 9, 2022

Concordia Maritime, which has long been under financial pressure, wants to turn four tankers into container vessels. ”We are ready to make a deal,”...

Companies

K Line shifts tanker management to Singapore

portnews - May 9, 2022

Japanese shipping major Kawasaki Kisen Kaisha (K Line) has decided to relocate its tanker management operations from Tokyo to Singapore. Effective this September, all the...

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