Bonanza $100,000 VLCC rates as Cosco sanctions bite deeper
Cosco sanctions, seasonal demand and IMO 2020 continue to push up spot and period rates
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October 2019
Seaspan Names Hargreaves VP, Strategy & Business Development
Seaspan Shipyards, Canada’s non-combat shipbuilding partner for the National Shipbuilding Strategy, is pleased to announce the appointment of David Hargreaves as Vice President, Strategy & Business Development.David brings to Seaspan over 25…
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Exxon Mobil Bans Tankers Linked to PDVSA Commerce
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, placing new pressure on the U.S. sanctioned country and on global crude freight rates.The…
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VLCC Rates Surge as U.S. Sanctions COSCO
Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea’s top refiner, SK Energy, tentatively chartered the …
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Global Tiger Success for Thordon Bearings
Canadian company Thordon Bearings has notched up another success story for a customer in the demanding offshore sector, with a bearing and seal installation in “perfect condition” after over three years of operation.Global Tiger, operated by…
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