With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these […]
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 […]
QatarEnergy QatarEnergy’s fleet expansion scheme proceeds apace with a contract signed today for 15 LNG carriers with Samsung Heavy Industries, the Korean yard with the world’s largest gas ship orderbook. The contract, worth $3.44bn, will […]
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 […]
GasShipyards Nakilat The pace of LNG newbuild deliveries will smash records this year, beating the previous annual gas ship delivery peak of 2021 by 48%. Data from Clarksons Research shows 89 LNG ships – with […]
Greek shipping firm Tsakos Energy Navigation (TEN) said it had purchased two 2023-built LNG dual-fuel LR2 tankers from Norway’s Viken. Besides the two LNG-powered Aframax tankers, TEN bought from Viken Crude one 2019-built Suezmax tanker […]
Four Japanese players have joined forces to design and build a low-carbon emission very large crude carrier (VLCC). Idemitsu Tanker, the shipping affiliate of Japan’s second-biggest oil refiner, Idemitsu Kosan, has formed a consortium with […]
AsiaGas HD Hyundai Broking sources report Japanese shipping line Nippon Yusen Kaisha (NYK) has joined the rush for very large ammonia carrier (VLAC) newbuilds in South Korea. The Tokyo-headquartered behemoth has been placed behind an […]
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 […]
About 10 million barrels of Russian crude oil have been stranded off the coast of South Korea thanks to U.S. sanctions, traders and shipping data told Reuters on Friday. The 10 million barrels, carried by […]
Copyright © 2025 | Sandstone Group