The FPSO market – what tanker operators should know

(Mar 26 2020)

Three lawyers from London law firm Haynes and Boone LLP present an overview of what they see happening in the market for Floating Production Storage and Offloading (FPSO) vessels – which may provide opportunities for companies in the tanker sector. ...



History’s largest oil glut months away from topping world storage while tanker freight rates explode

(Mar 26 2020)

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10 million barrels per day (bpd).



Tanker market "strongest in decades" - Nordic American

(Mar 19 2020)

In a letter to shareholders, Herbjørn Hansson, Chairman & CEO of Nordic American Tankers, says that the tanker market is the "strongest we have seen in decades".



Tanker rates up 700 per cent - Bloomberg

(Mar 19 2020)

Earnings from benchmark tanker rates jumped 700% the past week to $243,000 a day, according to data from the Baltic Exchange in London, quoted in a Bloomberg article.



Poten - " increase in demand for floating storage"

(Mar 10 2020)

Over the next 3 months, increasing oil supply at significantly lower prices in a market with weak demand fundamentals should lead to an increase in demand for floating storage, says Poten and Partners in its March 9 News Brief.



2019 volatility lifts freight derivative volumes

(Jan 23 2020)

The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2019 according to data released by the Baltic Exchange.



"Flotilla of oil tankers sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast"

(Jan 09 2020)

A "Flotilla of oil tankers sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast", Reuters reports.



Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Hormuz

(Jan 09 2020)

Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Hormuz, according to Platts.



US products exports – here to stay

(Mar 07 2014)

To accommodate recent increases in US refinery production, due to the abundance of domestic fracked crude, shipping trade flows have shifted and new markets for these products have been established.



Clubs announce renewals success

(Feb 28 2014)

Several major P&I clubs have issued statements following renewals day on 20th February.



Are Eco ships all that they are cracked up to be?

(Dec 01 2013)

Euronav has claimed that it had demonstrated that by installing a Becker Marine Mewis Duct, savings of between 10% on a VLCC to 7% on a Suezmax can be achieved.



VLCCs - ready for the scrapyard at 15?

(Oct 17 2013)

Large tanker owners have been troubled for some time by a lingering black cloud hanging over the spot market.



Saudi set to become major product exporter

(Oct 01 2013)

There are several reasons offered up for the firming of earnings in the product carrier market.



SSA backs local initiatives

(Oct 01 2013)

Patrick Phoon, president of the Singapore Shipping Association (SSA), shared his views on several major issues with Tanker Operator.



US tanker trades picking up - VLCCs in a mess

(Aug 31 2013)

In this report, Tanker Operator looks at the US and VLCC fundamentals courtesy of McQuilling Services.




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October 2020

Seafarer morale and safety - Neste and vessel performance - Maersk''s ZeroNorth