January 13, 2022
Via: Hellenic Shipping NewsThe swift reintroduction of international travel bans to stem the spread of the Omicron variant of COVID-19 has derailed the already faltering turnaround in rates and earnings for the global tanker market. In November it looked like a cold winter […]
May 11, 2021
Via: Splash 247After a weekend of outages, the Colonial Pipeline operator said on Monday it expects to “substantially restore operational service” by the end of the week. Despite this vote of confidence, traders have booked at least six tankers to ship gasoline […]
November 20, 2018
Via: World Maritime NewsThe upturn is particularly present in the crude oil market, based on the data from BIMCO, with rates moving from USD 4,000 per day during the summer to USD 33,500 in October. Commenting on the drivers behind the rate hikes, […]
November 16, 2018
Via: World Maritime NewsFrontline added that during the quarter net loss attributable to the company adjusted for certain non-cash items was USD 8.4 million. According to Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS, tanker markets are beginning to rebalance following […]
August 15, 2018
Via: World Maritime NewsAs the tanker market remained week during the second quarter of 2018, Swedish tanker owner Concordia Maritime widened its net loss. The shipping company suffered a net loss of SEK 57 million (USD 6.2 million) in Q2 2018, compared to […]
February 3, 2023
February 3, 2023
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