West African suezmax market is a ‘disaster zone’
TANKER owners chartering out suezmaxes for West Africa to US spot voyages are unable to cover daily operating costs as a relentless oversupply of tonnage pushes returns further towards the zero mark.
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Athenian goes back to Hyundai for two more VLCCs
GREECE-based tanker company Athenian Sea Carriers has signed orders for two very large crude carriers at Hyundai Heavy Industries in South Korea, writes Nigel...
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Cardiff Marine joins suezmax orderbook rush
GREEK shipping entrepreneur George Economou’s Cardiff Marine has ordered two more suezmax tankers from a South Korean shipyard despite brokers’...
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Sumatec Resources profits plunge 56%
SECOND-quarter profits at Sumatec Resources , the Malaysian energy and shipping conglomerate, fell 56% to RM1.1m ($353,000), writes Hui Ching-hoo in Hong Kong
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Crude wins more spot-linked period charters with Shell
CRUDE Carriers has clinched spot-related period charters with oil major Shell for another two of its tankers, the company has revealed.
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Floating storage at lowest in 18 months as...
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Navios Acquisition wraps up warrant programme
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West African distillate demand props up...
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US summer driving season fails to absorb...
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A switch from tankers is in the pipeline
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Tanker venture saves $250m on six newbuilds...
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Teekay offers FPSO and tankers to offshore...
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Fredriksen downbeat on profits over coming...
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VLCC Middle East to Asia rates dip
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Chinese shipbuilders defy forecasts of export...
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Tanker sales mirror dry bulk as big vessels...
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News in Brief
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Dearth of LNG carriers to keep spot rates...
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News in brief
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Nanjing Tanker to order VLCCs
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Pertamina to refresh tanker fleet
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