The improvement in one-year time charter earnings has reshaped the VLCC secondhand market. The recent strong cash generation and improved freight visibility have pushed asset values sharply higher, not only for modern units but also for overaged units….
VLCC second-hand prices at decade highs Read More »
Frontline’s Ørjan Svanevik has resigned as Director of the company and has been replaced by Mikkel Storm Weum.Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for sale and purchase, newbuildings and projects.
Frontline Appoints New Director Read More »
Seaspan has introduced Dockboy, its new remote-controlled, ultra-high pressure (UHP) cleaning tool.Dockboy provides high-efficiency hull cleaning that removes ocean build up like barnacles, anti-fouling paint, and coatings off in one go, leaving…
Seaspan Introduces New Remote-Controlled Vehicle Read More »
OPEC+ has decided to increase its crude oil production target by 206,000 barrels per day (bpd) for April against a backdrop of heightened geopolitical risk as conflict in the Middle East escalated rapidly over the weekend.Oil markets will enter…
OPEC+ Responds to Hormuz Shutdown Read More »
The Secretary-General of the IMO Arsenio Dominguez has issued a statement on the situation in the Strait of Hormuz:“I am deeply concerned by reports that several seafarers have been injured in attacks on merchant vessels. No attack on innocent seafarer…
Industry Leaders Respond to Attacks on Seafarers Read More »