VLCC rate bubble pops as ‘tanker madness cools’ and fixtures fail
Asian refineries cut spot crude buying due to squeezed refining margins, hurting vessel demand
VLCC rate bubble pops as ‘tanker madness cools’ and fixtures fail Read More »
‘Madness’ persists as Dynacom ties up tanker fixtures at scorching rates
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 »
VLCC earnings near $160,000 per day with charterers in “panic” mode
Vessel demand from Chinese players drive up VLCC rates with trickle-down effects in aframax and suezmax markets
VLCC earnings near $160,000 per day with charterers in “panic” mode Read More »
Cosco denies Iranian STS involvement as Beijing pushes for sanctions relief
Cosco Shipping Energy Transportation says its Dalian subsidiary does not own the CCPC Voyager, suspected to have carried Iranian crude via STS transfers
Cosco denies Iranian STS involvement as Beijing pushes for sanctions relief Read More »
VLCC earnings reach 11-year high despite return of Cosco
Crude tanker rates enjoy further hikes with US sanctions on Iran and Venezuela creating short-term imbalance
VLCC earnings reach 11-year high despite return of Cosco Read More »