(Feb 28 2014)
Phoenix Energy Navigation has joined Navig8’s Alpha8 Pool entering the 2008-built LR2 ‘Phoenix Hope’.
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(Feb 28 2014)
BW Group has entered into an agreement with the shareholders of WOMAR to buy out the stake currently held by Heidmar for an undisclosed price.
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(Feb 28 2014)
Nanjing Tanker, the Shanghai-listed subsidiary of state conglomerate Sinotrans & CSC Holdings, last year made provisions totalling Yuan4.6 bill ($757 mill) for 19 VLCCs, due to weak spot rates.
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(Feb 28 2014)
Norway-based OSM Maritime Group has taken over Finnish Neste Shipping’s fleet management.
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(Feb 28 2014)
The dramatic changes in US crude oil production through the development of the shale oil industry have already had a significant impact on the VLCC market in terms of demand.
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