Tanker

Market

Tanker market continues to improve as European demand grows

portnews - May 9, 2022

Quarterly earnings posted by tanker owner Odfjell SE suggest a strengthening chemical tanker market in 2022 Odfjell released its Q1 2022 results last week. Time...

Market

Russian invasion of Ukraine accelerates product tanker market recovery

portnews - May 9, 2022

The flows of tanker cargo have already been changed by the Ukraine war, now in its third month, with additional shifts, possibly of the...

Market

Gibson tanker report – Redefining Refining

portnews - May 8, 2022

In recent weeks, headline refining margins have surged to record levels, whilst clean tanker rates have also tested or exceeded previous

Market

Product Tankers: Growth of Refining Activity Expected to Support Freight Rate Market

portnews - May 8, 2022

According to Gibson, “in the short term, exceptional refining margins, coupled with very low (in some cases record low) inventories and rising demand provide...

Legislation

Tanker owner guilty of falsifying papers, obstruction

portnews - May 6, 2022

Liquimar Tankers Management Services Inc. and Evridiki Navigation Inc. were sentenced after being convicted at trial on all charges, including violating the Act to...

Market

Concordia Maritime: Stronger product tanker market

portnews - May 6, 2022

• Total income Q1: SEK 124.1 (179.6) million • EBITDA Q1: SEK 29.7 (–45.7) million • Result before tax Q1: SEK –30.4 (–120.2) million • Result per share after tax...

Market

Rindbo eyes significant tanker improvement: “It’s better than good. It’s very strong”

portnews - May 6, 2022

Norden has changed the weighting of dry bulk and tanker, which is now ”very strong” following a long decline. Sanctions against Russian oil will...

Companies

Torm beats competitors in “terrible” year for product tanker

portnews - May 5, 2022

Torm comes out on top in a comparison of results between five product tanker operators in 2021. In total, Torm, Hafnia, d’Amico, Ardmore Shipping...

Market

Chemical tanker market has continued to strengthen through Q1, 2022: Odfjell

portnews - May 5, 2022

Odfjell SE today reported its results for the first quarter of 2022. The report shows a chemical tanker market that continued to strengthen throughout...

Liquid

U.S. approves increased LNG exports

portnews - May 4, 2022

The U.S. Department of Energy (DOE) yesterday issued two long-term orders authorizing liquefied natural gas (LNG) exports from two current operating LNG export projects,...

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