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Tag: Tanker Market


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Tanker market sails into 2022 headwinds

January 13, 2022

Via: Hellenic Shipping News

The 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 […]


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Prolonged US pipeline closure the wildcard for product tanker owners

May 11, 2021

Via: Splash 247

After 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 […]


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Tanker Recovery: Winter Is Coming (Early)?

November 20, 2018

Via: World Maritime News

The 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, […]


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Frontline: Tanker Market Has Exited the Cycle Trough

November 16, 2018

Via: World Maritime News

Frontline 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 […]


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Concordia Maritime: Weak Tanker Market Will See an Upturn

August 15, 2018

Via: World Maritime News

As 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 […]