The crude tanker market is experiencing an unprecedented spike in rates, with the VLCC spot charter market in particular reaching heights not seen before. At the same time, VV values for crude tankers of all ages are on the rise. The below table shows …
Tanker Values on the Rise as Well Read More »
While spot trading has turned quiet on some main routes, Greek owner fixes a VLCC at WS330 and a suezmax at WS550 on the Middle East-India route
‘Madness’ persists as Dynacom ties up tanker fixtures at scorching rates Read More »
Sea Machines Robotics CEO & President.Michael Gordon Johnson is a marine engineer, an accomplished entrepreneur and sector leader with a primary goal of building progressive and sustainable innovation for modern society. He is the founder of Sea Machin…
INSIGHTS: Michael G. Johnson Read More »
Iran on Monday urged regional powers to use diplomacy to reduce tensions including Yemen’s war, but cautioned that an Iranian tanker damaged in the Red Sea last week had been hit by rockets and there would have to be consequences.Addressing a news conf…
Iran Urges Diplomacy, but Decries Tanker Incident Read More »
Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced…
The Carlyle Group, Stellex Capital Complete Acquisition of Vigor, MHI Read More »