Market looking gloomy for Frontline
The shipping company expects a slow recovery for 2021, for dry bulk the sea is still stormy
VLCCs used as product tankers
Profits in crude shipments are poor, BP charters a VLCC from Cosco for transporting diesel fuel
Concordia Damen secures major order
The shipbuilding company will build 40 dual fuel barges for European inland waterway transport
CSSC and Rongsheng in joint venture
Major VLCC construction deal between shipbuilding giant and Chinese petrochemical company
Petredec orders three new VLGCs
The newbuildings, ordered from the Jiangnan Shipyard, are the largest ever to be built
Freight rates down on Black Sea-Med route
Falling demand for crude oil from European refineries badly affects oil tankers' revenues
Eastern Pacific opts for dual fuel
The Singapore company has ordered a new semi- LNG-powered vessel from Hyundai Mipo
LPG imports, India’s record boom
Wood Mackenzie: in 2030 the country will overtake China and become the world's first importer
Floating storage at an all-time low
At the lowest level since May: 239 million barrels are currently stored on board 178 tankers