CHINA Merchants Energy Shipping has ordered two VLCCs for 166.3 million dollars
With the production cuts that have come into effect in May, oil stocks will also decrease
The tanker owner has signed an $18 million contract with Hyundai Mipo Dockyard
For Elbana di Navigazione’s Fabrizio Freschi, the crisis has hit hard: "The Government has to start investing again".
The shipbuilding giant has signed a $122 million contract for building two Suemax tankers
Increased demand for offshore storage tankers is pushing freight rates right up
While OPEC+ agrees new production cuts, low-cost crude oil encourages new speculation
Saudi Arabia increases crude oil production capacity, VLCC Markets' freight rates skyrocket