Available VLCC berths at the world’s top two shipbuilding nations have all but dried up for 2027. Tanker broker Gibson notes that 2027 delivery slots in China are over, with the possible exception of a […]
Belgium’s tanker shipping company Euronav has held a naming ceremony for two very large crude carriers (VLCCs) being built at South Korean shipyard Hyundai Samho Heavy Industries (HSHI). As informed, the vessels Cassius and Camus […]
Chinese shipping company China Merchants Energy Shipping (CMES) has taken delivery of an eco-friendly very large crude carrier (VLCC) from compatriot shipbuilder Dalian Shipbuilding Industry Company (DSIC). Credit: DSIC As informed, the 300,000-ton VLCC was named […]
Singapore, 26 September (Argus) — Suezmax rates from the Mideast Gulf have reached a record high, following firm demand to east Asia and to India and higher very large crude carrier (VLCC) freight rates. Freight […]
American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption. Eight vessels set sail from the […]
A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year. Earnings […]
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