Tag: VLCC

January 5, 2024

The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, standing at 126 million compensated gross tons (CGT). […]

May 8, 2023

The 300,000 dwt vessel, named Seaways Enterprise, was delivered in April 2023, a month after the delivery of the first vessel from the batch, Seaways Endeavor. International Seaways has one more dual-fuel vessel under construction at DSME and it is […]

August 1, 2022

With shipping widely acknowledging that the tanker sector is finally in the ascendant after a dire 18 months, prices for newbuilds and secondhand tonnage are now “on a tear”, according to a new report from Poten & Partners. VLCC newbuilding […]

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, […]

December 26, 2019

On December 26, Hyundai Mipo Dockyard, a subsidiary of HHI Group, announced a construction contract for four 1,800 TEU containerships. The deal, signed with an undisclosed Asian company, is worth KRW 119.4 billion (USD 102.8 million). The ship quartet is […]

September 18, 2019

As informed, the 319,000 dwt tanker is to be constructed at HHI’s Ulsan shipyard and delivered in October 2021. Other agreements related to licensing, technical services and training were also signed with HHI to ensure capability building and knowledge transfer. […]