Rates for VLCC tankers have been rallying hard over the past few days. In its latest weekly report, shipbroker Gibson said that “the VLCC market has reawakened with force. Benchmark TD3C earnings have surged to above $200,000/day, a level not seen sinc…
VLCC Tanker Markets Sizzling Hot Read More »
Capesize The week began with renewed optimism, led by a firmer Pacific market as all three major miners returned to the market and operator cargo volumes appeared healthy. Early strength in the Pacific, supported by fixtures above $10.00 on C5, set a c…
Dry Bulk Market: Capesizes Showing Signs of Promise Read More »
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Frontline’s Ørjan Svanevik has resigned as Director of the company and has been replaced by Mikkel Storm Weum.Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for sale and purchase, newbuildings and projects.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 »