Tag: Tankers

May 30, 2023

LNG shipping rates are headed for higher ground over the summer, as LNG demand is expected to keep growing. In its latest weekly report, shipbroker Intermodal said that “due to sluggish demand and massive inventories, spot LNG prices in Asia […]

May 24, 2023

Not all shipping sectors and shipping stocks are under pressure. Container shipping is mired in pessimism, crude and product tankers have disappointed, dry bulk faces tepid demand — but long-haul liquefied petroleum gas (LPG) shipping is bucking the bearish trend. […]

December 28, 2022

To remind, at the beginning of December, the Group of Seven (G7) nations and Australia joined the EU in setting a $60-a-barrel cap on Russian seaborne crude oil. The move has been described as a way of cutting Russia’s financial […]

December 7, 2021

Shipping stocks have never been for the faint of heart, and they’ve been on a particularly wild ride in the COVID era. There have been steep plunges and historic surges along the way, with unexpected twists and turns. What could […]

November 25, 2020

With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash tolls for laden VLCCs heading from Europe to Asia in half in a bid to avoid operators taking the slower, […]

August 31, 2020

The order is estimated to be worth KRW 83 billion ($70 million). One of the unnamed owners is based in Asia, while the other is from Europe, according to HMD. The two ships will be built at Hyundai Mipo Dockyard […]

January 6, 2020

The company revealed that it had sold a Handysize tanker, which was delivered to its new owners in late November 2019, and that it purchased two MR tankers, which were delivered at the end of December 2019. Based on the […]

August 22, 2019

The VLCC owner said that the total expected investment in scrubber systems and taking the vessels through intermediate surveys is around USD 6.5 million per vessel, up from the previously guided USD 5.5 million per vessel. The company, set up […]