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Frontline Looks to Further Expansion After Reporting Significant Income Improvement

The company also anticipates a five year improvement in tanker market performance.

2 Sep 2015

Predicted Capacity Growth Threatens To End Best Tanker Spot Rates Since 2009

Tanker capacity is expected to reach 377 million DWT by the end of 2017.

20 Aug 2015

Second Phase of Malaysia Storage Terminal Complete

ATT Tanjung Bin Sdn Bhd says it has completed the second phase of its Port of Tanjung Pelepas oil terminal expansion, adding 262,000 million cam of storage.

12 Aug 2015

VTTI to Start Second Phase of Malaysia Storage Terminal

The second phase, set to begin on August 1, will boost the terminal's capacity by nearly 30 percent.

22 May 2015

Singapore's ST Shipping, Mercuria Charter Aframax Tankers, Boosts Time Charter Rates

The activity could mean a firmer market for June, say analysts.

11 May 2015

Tanker Market Making Extended Earnings Run In 2015: BIMCO

The association says rate averages posted in Q1 have not been seen since 2008.

1 May 2015

"Too Much Oil" in Rotterdam Fuels Singapore Arbitrage

Traders are seeking Suezmaxes for delivery of IFO 180 from Rotterdam to Singapore, as they eye a $38 per mt arbitrage.

15 Apr 2015

Iran Deal to Have Far-Reaching Impact for Shipping, Oil

In particular, the tanker sector is said to be the main likely beneficiary of eased sanctions as Iran is poised to significantly raise oil exports.

8 Apr 2015

Euronav Sees "Remarkable" 2014, Still Makes Loss

"2014 was a remarkable year for Euronav," says CEO as revenue climbed more than 50 percent year-on-year and the group swung to an operating profit.

3 Apr 2015

Shippers Living "Hand to Mouth" Despite Low Bunker Prices, Near 100% Utilisation

"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.

31 Mar 2015

Nordic American Offshore: "Optimistic Outlook" for the Future Despite Turbulent Market

"When Brent crude prices return to the $60 - $80 range per barrel we expect to see renewed activity in our market," says Executive Chairman.

18 Mar 2015

Fujairah to See 75% Rise in Tank Storage by 2020

"Some customers think there is a real business for them here," says Royal Vopak EMEA President.

13 Mar 2015

Zacks: 2015 Will Be a "Good Year" For Shipping, Cheap Bunkers will be a "Major Positive"

But a company's success will ultimately be up to how it copes with ECAs

12 Feb 2015

Tanker Over-ordering "Will Prove The Sector's Ruin"

"The short term outlook remains very positive with modest fleet supply growth and strong cargo demand anticipated for 2015," says Drewry, however.

10 Feb 2015

Record Fuel Storage at ARA Ports

Combined fuel storage at the ports is 5.8 million mt, the highest levels seen since at least 1995.

9 Feb 2015

Oil Storage Demand Rises at Fujairah As Port Expands Capacity

Government figures predict storage capacity at the port to almost double by 2017.

28 Jan 2015

Slow Steaming Getting Less Attractive for Tankers

Charterers must decide between making savings on bunkers by slow steaming, or speeding up but saving money on a shorter charter time.

26 Jan 2015

Port of Houston Fuel Supply Tight After Weather Delays

Heavy fog has caused the Houston Ship Channel to intermittently close.

26 Jan 2015

Surge in At-Sea Oil Storage as Traders Seek Arbitrage

"Floating storage remains a major focus in the tanker market," says analyst.

22 Jan 2015

Oil Traders Hiring Old Supertankers for Long-Term Floating Storage

Oil companies have been able to hire aging tankers for well below current spot prices.

12 Jan 2015