New VLCCs gobbling up Asian MR cargoes
Deliveries of large crude carriers are having profound effect on product tanker market, says Gibson.
New VLCCs gobbling up Asian MR cargoes Read More »
Japan Drilling Co seeks court protection
Tokyo court issues temporary restraining order to prohibit repayments as firm looks to restructure.
Japan Drilling Co seeks court protection Read More »
Hyundai Heavy cuts third of its offshore executives
World’s largest shipbuilder reacts to competition from Chinese and Singaporean rivals.
Hyundai Heavy cuts third of its offshore executives Read More »
Impairments push Pacific Radiance to major loss
But Singapore offshore vessel operator says market recovery is “in sight and worst is likely behind us”.
Impairments push Pacific Radiance to major loss Read More »
Navios Maritime Acquisition to buyout Navios VLCC MLP
Angeliki Frangou’s Navios Maritime group set to merge two US-listed tanker companies.
Navios Maritime Acquisition to buyout Navios VLCC MLP Read More »