Overview page containing news articles

VLCC

List of the highlighted articles

Posted: 15 days ago

BIMCO: Sale of 25-year-old VLCC ends 512 days demolition drought

The sale of an almost 25-year-old crude oil tanker marks the end of the 4th longest streak of zero V...

Categories:
  • Business & Finance
Posted: 15 days ago
Posted: 16 days ago

A flurry of crude oil carrier orders for Korean shipbuilders surpasses $1 billion

Korean shipbuilding heavyweights have amassed over $1.06 billion in crude carrier orders in a single...

Categories:
  • Business & Finance
Posted: 16 days ago
Posted: about 1 month ago

BIMCO: 500 days since last VLCC was sold to scrapyard

On 2 November 2020, it will be 500 days since the last very large crude carrier (VLCC) left active s...

Categories:
  • Vessels
Posted: about 1 month ago
Posted: 2 months ago

Hyundai Heavy books $360 million order for VLCC quartet

South Korean shipbuilder Hyundai Heavy Industries (HHI), part of Korea Shipbuilding & Offshore E...

Categories:
  • Vessels
Posted: 2 months ago
Posted: 2 months ago

GALLERY: No oil spill risk from fire-stricken supertanker, Sri Lanka Navy says

Spreading of the deadly fire on board the Panama-flagged oil tanker MT New Diamond, which erupted on...

Categories:
  • Vessels
Posted: 2 months ago
Posted: 3 months ago

DNV GL grants general approval to HHI for a centreline oil-tight longitudinal bulkhead

Classification society DNV GL has presented South Korean shipbuilder Hyundai Heavy Industries (HHI) ...

Categories:
  • Certification & Classification
Posted: 3 months ago
Posted: 6 months ago

China Merchants orders VLCC pair featuring pioneering technology

China Merchants Energy Shipping (CMES) has placed an order for the construction of two 307,000 dwt v...

Categories:
  • Vessels
Posted: 6 months ago
Posted: 6 months ago

Sinopec: China’s largest petrochemical port is now operational

Sinopec Corp has put the country’s largest petrochemical port into operation with the success...

Categories:
  • Ports & Logistics
Posted: 6 months ago
Posted: 6 months ago

Euronav offloads VLCC oldie

Belgium’s tanker shipping company Euronav has disposed of TI Hellas, one of its older very lar...

Categories:
  • Vessels
Posted: 6 months ago
Posted: 6 months ago

Euronav posts massive surge in Q1 profit

Antwerp-based tanker shipping company Euronav is reaping large profits from strong underlying tanker...

Categories:
  • Business & Finance
Posted: 6 months ago
Posted: 7 months ago

Bahri’s Q1 2020 earnings soar amid higher rates

The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 8 months ago

DHT Holdings Inks Charters for 6 VLCCs

DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs). ...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

DSME Wins VLCC Order from Pan Ocean

DSME has secured an order for a very large crude oil carrier from Pan Ocean. ...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Tsakos: We are in uncharted territory, but we are experts in navigating things

The first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsak...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Capital to Seek Sanctions against AISSOT and Its Executives after Securing Release of Arrested VLCC

Capital Ship Management Corp. plans to pursue sanctions against AISSOT and its relevant executives. ...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Hunter Tankers Secures USD 80K Daily Charters for VLCC Trio

Hunter Tankers AS secures fixtures for three ships at an average daily rate of approximately USD 80,...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

VLCC Volatility Brings Record USD 410K Fixture

VLCC fixed for USD 411.89K per day.

Posted: 8 months ago
Posted: 8 months ago

Tanker Rates Surge after Bahri’s Surprising Charters

Daily freight rates for Very Large Crude Carriers skyrocketing. ...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Euronav Buying 4th Scrubber-Fitted VLCC Newbuild

Euronav has entered into an agreement for the acquisition of one VLCC newbuilding contract through a...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 9 months ago

Ocean Yield Wins Arbitration Case against Okeanis

Ocean Yield wins arbitration case against Okeanis ECO Tankers. ...

Categories:
  • Business & Finance
Posted: 9 months ago
Posted: 9 months ago

Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

Hunter Tankers AS secures USD 220 million loan facility. ...

Categories:
  • Business & Finance
Posted: 9 months ago
Posted: 9 months ago

Coronavirus Outbreak: VLCCs Hit the Hardest

The daily cost of hiring a VLCC for 12 months has fallen by over 20% in the last month. ...

Posted: 9 months ago
Posted: 9 months ago

Euronav Buys VLCC Resale Trio

Euronav NV is to acquire via resale three very large crude carrier (VLCC) newbuilds. ...

Categories:
  • Business & Finance
Posted: 9 months ago
Posted: 9 months ago

SFL Offloads VLCC, Terminates Charter with Frontline

SFL Corporation has sold and delivered Front Hakata, a 2002-built very large crude carrier. ...

Categories:
  • Business & Finance
Posted: 9 months ago
Posted: 10 months ago

Wärtsilä Scrubber Wins Type Approval in China

Wärtsilä’s exhaust gas cleaning system has received a Type Approval from the China Classification So...

Categories:
  • Business & Finance
Posted: 10 months ago
Posted: 11 months ago

Euronav Concludes Sale, Leaseback Deal for VLCC Trio

Euronav entered into a sale and leaseback agreement for three very large crude carriers. ...

Categories:
  • Business & Finance
Posted: 11 months ago