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Booming Tanker Market Set for Best Q4 in Years, Say Analysts
Sep 22, 2015 ... a dip during August, sinking to about $27,000 per day, rates for some very large crude carriers (VLCCs) are already reported to have clawed their way back to $50,000 per day, with much of the ...
Floating Storage on the Rise as Singapore Sees Record High Fuel Oil Stocks
Sep 22, 2015 ... increasing amounts of the fuel in tankers, Reuters reports. Seven very large crude carriers (VLCCs) are said to have been fixed for fuel oil storage on short-term time charters, most for 30 ...
Morgan Stanley: VLCC Crude Storage Becoming More Attractive
Sep 9, 2015 ... freight rates and bunker prices that have fallen to multi-year lows, very large crude carriers (VLCCs) are once again becoming attractive for use as floating storage even at time charter rates of ...
Frontline Looks to Further Expansion After Reporting Significant Income Improvement
Sep 2, 2015 ... of the reasons cited for the improved net income was the increased rates commanded by its VLCC and Suezmax vessels, with its VLCCs having achieved average daily earnings of $50,000 and its ...
Trafigura in Rare VLCC Gasoil Move
Aug 28, 2015 ... house Trafigura will charter at least two "mint-fresh" very large crude carrier (VLCC) newbuilds to carry gasoil from South Korea to West Africa, a move sources say is unusual for gasoil ...
Predicted Capacity Growth Threatens To End Best Tanker Spot Rates Since 2009
Aug 20, 2015 ... Tanker capacity is expected to reach 377 million DWT by the end of 2017. ...
Second Phase of Malaysia Storage Terminal Complete
Aug 12, 2015 ... and provides access to six marine berths for tankers as big as Very Large Crude Carriers (VLCCs). "The expansion was completed on budget, on time and in a superlatively safe manner," said ...
VTTI to Start Second Phase of Malaysia Storage Terminal
May 22, 2015 ... terminal's jetty can accommodate a fully laden Suezmax or a partly laden very large crude carrier (VLCC). The completion of the second phase was originally expected by the first quarter of ...
Singapore's ST Shipping, Mercuria Charter Aframax Tankers, Boosts Time Charter Rates
May 11, 2015 ... dropped following an uptick in oil prices, leading to a decline in very large crude carrier (VLCC) ...
Tanker Market Making Extended Earnings Run In 2015: BIMCO
May 1, 2015 ... earnings with averages not seen since 2008. The shipping association said average earnings for VLCCs were around $51,000 per day in the first three months of 2015, a figure that is 76 percent ...