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Analysts: "Stellar" Start to Tanker Market in 2015, and 2016 Looking Better than Previously Expected
Apr 30, 2015 ... than Arctic previously anticipated. However, they see 2017 as lower again due to influx of VLCC tonnage in 2016 and Suezmaxes in 2017. Arctic's updated rate forecast is an average VLCC ...
"Too Much Oil" in Rotterdam Fuels Singapore Arbitrage
Apr 15, 2015 ... had nerly finished loading a cargo of 720,000mt of product aboard the very large crude carrier (VLCC) Front Katherine. Another trader said "we've been able to source relatively ...
Iran Deal to Have Far-Reaching Impact for Shipping, Oil
Apr 8, 2015 ... within months of sanctions being lifted. "A ramp-up of that magnitude would absorb another 20-30 VLCCs or up to 3-5 percent of the global VLCC fleet; it could drive the crude tanker market to ...
Euronav Sees "Remarkable" 2014, Still Makes Loss
Apr 3, 2015 ... group also received a $30.2 million contribution from its joint venture very large crude carrier (VLCC) chartering operations with Frontline. But a near doubling of finance expenses to $93.3 ...
Shippers Living "Hand to Mouth" Despite Low Bunker Prices, Near 100% Utilisation
Mar 31, 2015 ... "We have no margins in this [dry bulk] segment and are absolutely in a hand-to-mouth situation at present," says Shipping Corp. of India. ...
Nordic American Offshore: "Optimistic Outlook" for the Future Despite Turbulent Market
Mar 18, 2015 ... to be behind the surge in rates have since relented in the hiring of very large crude carriers (VLCCs) as floating ...
Fujairah to See 75% Rise in Tank Storage by 2020
Mar 13, 2015 ... facility, and are being built in tandem with a jetty deigned for use by very large crude carriers (VLCCs). VHF is a joint venture including Dutch tank operator Royal Vopak NV, the Fujairah ...
VLCCs Steaming at Their Fastest Since 2012
Feb 23, 2015 ... Large Crude Carriers (VLCCs) are sailing at their fastest speeds since 2012 partly as a result of lower bunker prices, Bloomberg reports. According to the report, joint forces of lower ...
Zacks: 2015 Will Be a "Good Year" For Shipping, Cheap Bunkers will be a "Major Positive"
Feb 12, 2015 ... to be a "major positive" throughout the rest of the year, with very large crude carriers (VLCC) forecasted to be the big winners overall.  Already, the latter months of 2014 saw VLCC ...
Tanker Over-ordering "Will Prove The Sector's Ruin"
Feb 10, 2015 ... last year, BIMCO expressed concern at the growth in orders for very large crude carriers ...