Refined products rallying
Chinese exports and shipments from the US Gulf boost MR tanker freight rates
The bottom of the barrel
Oil demand shrinking in the first quarter of 2021. The Very Large Crude Carrier market is short of breath
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