As tanker owners bide their time, eschewing scrapping and slow steaming may prolong market woes
Shipowners urged to reduce tonnage supply with vessel demand expected to stay weak amid pandemic uncertainty
More boost to product tankers as sole New Zealand refinery advances closure plan
Long-haul demand emerges in Asia with old Aussie and Kiwi refineries struggling during coronavirus pandemic
More boost to product tankers as sole New Zealand refinery advances closure plan Read More »
Maersk Product Tankers ship sold to Nigerian logistics firm after ending migrant crisis
Industry databases show Maersk Product Tankers sold the MR right after the refugees disembarked
Maersk Product Tankers ship sold to Nigerian logistics firm after ending migrant crisis Read More »
Petrobras pays lower rate as it grabs Neda Maritime VLCC for two years
Brazilian state giant’s latest period deal reflects tanker market weakness
Petrobras pays lower rate as it grabs Neda Maritime VLCC for two years Read More »
Lockdowns, extended Opec+ cut to pressure scrubber economics
Bank of America predicts the price spread between high and very low sulphur fuel oil to stay narrow in the near term
Lockdowns, extended Opec+ cut to pressure scrubber economics Read More »