Austrian chemical giant’s new PDH plant will require the equivalent of 25 to 30 VLGCs per year when running at full capacity
New Borealis plant to boost VLGC shipments to Antwerp port Read More »
The TC14 benchmark hits a year-to-date high as vessel supply falls on healthy fuel imports of Latin American countries.
US Gulf MR earnings jump on Latin American fuel demand Read More »
Chinese state carrier receives government handouts for scrapping vessels, which are expected to support its bottom line this year.
CMES bags $8m scrapping subsidies Read More »
Taiwanese owner said to believe vessels are too old for scrubber installation to be an economical option
Formosa Plastics Marine mulls sale of entire LR1 tanker fleet Read More »
Growing Asian demand and rising shale output have created momentum for VLCC rates, despite China effectively pulling out of the market
US Gulf-Asia VLCC rates hit fresh highs in spite of trade tensions Read More »