Charterer scramble boosts Med aframaxes
Spot rates experience best levels in months, but shipbrokers caution that gains may be short lived.
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UN Seeks Traders’ Help Enforcing North Korea Sanctions
A U.N. monitoring group wants to enlist the help of the world’s biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped…
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#BTC100 History
In 1975, tugboats Bouchard Boys and Evening Light enter service, both at 3,900-hp. It was also during this year that Bouchard Transportation Co. formed its long-standing current relationship with Caddell Dry Dock & Repair Co.—a partnership–to this day…
FSL borrows $18m for chemical tankers
Singapore’s First Ship Lease (FSL) Trust also issues $7.25m in debt and seeks extension on debt repayment.
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Torm sees better market in the offing
Some cannibalisation from dirty tankers notwithstanding, more signs are pointing up than down for clean tankers.
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