Gunvor Group, one of the largest physical energy trading companies in the world, has entered into a joint venture with Oceangold Tankers and Maas Capital to form ClearOcean Tankers, a new ship holding company. The three partners hold an equal share in …
Gunvor Group, Oceangold Tankers and Maas Capital Form ClearOcean Tankers JV Read More »
The tanker market has been facing the doldrums for quite some time now. But if one could attempt to find a silver lining in the market since the start of 2018, this would be the Aframax segment in the North Sea. In its latest weekly report, shipbroker …
Aframaxes in the North Sea the Silver Lining of the Tanker Market Read More »
The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the UN International Maritime Organization (IMO) urgently resolves some serious issues concerning the successful implementation of the 0.5 percent sulphur in marine fuel cap…
Sulphur Cap Chaos in 2020 Warn World’s Shipowners Read More »
With the geopolitical side of the oil markets taking over, the tanker freight market is looking for more signs of a sustained recovery. In its latest weekly report, shipbroker Affinity Research said that “this week has been off to a good start, as we a…
Tanker Market Looking For More Upside Momentum This Week Read More »
The United States (US) unilateral withdrawal from the Iran Nuclear Deal is unlikely to have any significant impact on the global crude oil trade and tonnage demand in the tanker market,as long as the deal is honored by the other signatories, and Saudi …
US sanctions on Iran to have limited effect on crude trade and tanker demand Read More »