– Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as […]
ENB Pub Note: This article really has an underlying story on how to avoid sanctions. With 130 potential old tankers to join the dark fleet of oil and LNG sanction avoidance, and generally making OPEC+ […]
Mette Frederiksen, head of research and insight at Tankers International, on the future of the VLCC trades. The VLCC market is changing significantly. While the global fleet continues to grow with the introduction of newbuilds, […]
Andrew Craig-Bennett provides readers with an overview of what tariffs mean for seaborne trades. A problem with trying to write about the possible effects of tariffs on the merchant shipping business is that the people […]
The US imposed sanctions yesterday on 35 entities and vessels accused of transporting illicit Iranian petroleum to foreign markets in a curtain raiser to potentially a far stricter attitude towards Iran come next month. One […]
With VLCC earnings in solid territory, it’s no surprise that fresh sales emerge weekly in broking reports across the globe. The latest deals involve two rusty vessels. First, a 2005-built 300,000 dwt VLCC named Sake, […]
New data from Vortexa shows VLCC utilisation for OPEC+ – excluding Iran and Venezuela – fell sharply during June and reached a record low earlier this month, as exports from the group, especially Saudi Arabia, […]
Tankers Prices for modern and newbuild VLCCs might be at historic highs, but the appetite for vintage supertankers has cooled significantly in recent months. “[S]hips hitting 20 years of age are seeing a stark deterioration […]
AsiaTankers Johnnie / MarineTraffic Greece’s Capital Maritime and Trading has sold the youngest VLCC to be flagged under the Vietnamese flag. At the end of last year, Evangelos Marinakis quietly sold a 14-year-old Universal-built mammoth […]
Tankers Even though more than 10 rusty ladies have been reported sold this year, prices are finally coming down for vintage VLCCs. Broking sources report that a raft of ships have been circulated, but buyers […]
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