Tankers: VLCCs Down in the Week

Middle East Gulf rates to Eastern destinations lost the five to six points gained a week ago, leaving 270,000mt to China at WS 60 level, whilst 280,000mt to US Gulf, basis Cape to Cape, eased two points to WS 28.

Tanker Market: VLCCs On China Route Higher

Weather delays in the East and increased cargo avails pushed up rates six points to peak at WS 58.5 to China, and WS 55.5 was agreed for South Korea, all basis 270,000mt.

Tankers: Newbuilding Orders Limited Mostly to VLCCs

While newbuildings are thought to be the main risk to the future balance of the tanker market, it seems that it’s only VLCCs.

More VLCCs tankers use for crude oil storage

Yet another time in recent months, oil tankers are being used for oil storage. In its latest weekly report,...

Bahri set to register 32 VLCCs and 5 mid-size carriers under Saudi flag by end of 2017

Bahri, a global leader in transportation and logistics, announces that the Public Transport Authority (PTA) has completed the registration of Amjad, a Very Large Crude Carrier (VLCC) owned and operated by Bahri

Tankers: Iranian VLCCs to call at Rotterdam for first time since sanctions end

Two Iranian VLCCs will call into Rotterdam for the first time to deliver close to 4 million barrels of crude next month, after a five-year hiatus, according to trade sources and S&P Global trade flow software cFlow.

VLCCs rates to climb on increased MidEast, West Africa cargoes

Freight rates for very large crude carriers (VLCCs) are set to climb next week as charterers ramp up tanker fixing activity from the Middle East while increased oil volumes from West Africa provided further support, ship brokers said.