The tanker market has suffered a lot from oversupply and the tide doesn’t seem to be changing any time soon either, especially in the light of the recent OPEC decision to limit oil production once again. In its latest weekly report, shipbroker Gibson s…
VLCC Tonnage Supply Looking Ominous After the Latest OPEC Oil Production Cuts Read More »
”The LNG shipping market has become significantly tighter compared to the last few year and spot rates have hit multi year highs in Q4 2018. Supported by healthy LNG demand and supply fundamentals and limited vessel availability in the spot marke…
Braemar: LNG Shipping Rates to Remain Strong in 2019 Read More »
In November, tanker spot freight rates for dirty vessels showed a significant increase as rates continued to rise from the previous month, as per the latest monthly report from OPEC. Average spot freight rates increased for the third month in a row, sh…
Tankers Rebound in November Read More »
In November, VLCC utilization increased to the highest level observed since the beginning of the year at 60.55%, nearly as high as the level observed in November 2017 (60.58%). Through the first 11 months of the year, utilization has averaged 59.99%, c…
VLCC Utilization Up in November Read More »
Located in a modern science park in Bergen, Norway, DNV GL’s Materials and Corrosion Technology Centre and its sister facility, the Technology Centre for Offshore Mooring and Lifting, are only two years old. But both facilities are staffed by personnel…
Where technology meets competence Read More »