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(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.
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(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).
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(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".
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(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.
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(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.
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(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.
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(Jan 09 2020)
A "Flotilla of oil tankers sailing empty from Europe and the Mediterranean toward the U.S. Gulf Coast", Reuters reports.
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(Jan 09 2020)
Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Hormuz, according to Platts.
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(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.
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(Feb 28 2014)
Several major P&I clubs have issued statements following renewals day on 20th February.
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(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.
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(Oct 17 2013)
Large tanker owners have been troubled for some time by a lingering black cloud hanging over the spot market.
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(Oct 01 2013)
There are several reasons offered up for the firming of earnings in the product carrier market.
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(Oct 01 2013)
Patrick Phoon, president of the Singapore Shipping Association (SSA), shared his views on several major issues with Tanker Operator.
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(Aug 31 2013)
In this report, Tanker Operator looks at the US and VLCC fundamentals courtesy of McQuilling Services.
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