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Formosa Plastics mulls VLCC order after inking product tankers in China
18 Jun 2025 04:12 GMT
Taiwanese shipping company has opted for high-grade marine coatings
Formosa Plastics Marine is adding to its stable of product tankers. The series will join the 49,721-dwt FPME 36, featuring Marine Line 784-coated tanks, which was built in China and …
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Iran-Israel missile war sees ship owners withhold tonnage, fuels VLCC market rally
18 Jun 2025 03:14 GMT
… going to happen,” said a VLCC broker.
“We’re holding back … is to wait,” said one VLCC owner.
Another owner added, “I … , with more charterers actively seeking VLCCs for early July laycans stems … Oilbank was heard seeking a VLCC for July 1 loading of …
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TEN eyes VLCCs to extend largest-ever growth spurt
17 Jun 2025 22:15 GMT
… owner has interest in ordering very large crude carriers for its fleet.
“We are …
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Navigation Error Suspected in VLCC-Suezmax Crash Off Fujairah Amid Rising Gulf Tensions
17 Jun 2025 20:15 GMT
A VLCC supertanker and a Suezmax tanker … when the Front Eagle, a VLCC carrying approximately 2 million barrels …
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Laden Frontline VLCC collides with shadow aframax tanker off
17 Jun 2025 14:24 GMT
… the Liberian-flagged Front Eagle VLCC near Khorfakkan anchorage. The collision …
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‘Black swans everywhere’ as VLCC rates spike 37% in a day
17 Jun 2025 13:26 GMT
But big jumps in Middle East earnings only take owners back to where they were a month ago
The most severe conflict in the Middle East in decades has introduced considerable instability into the oil markets, which in turn has affected tanker operations, …
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Pan Ocean confirms order for two VLCCs
16 Jun 2025 11:54 GMT
… of expanding the fleet of VLCCs was to improve competitiveness … bulk business.
The new VLCC will measure 328 m in … studies, a total of 108 VLCCs, approximately 12%, are expected … negotiating prices for less profitable VLCCs, given the limited slots available …
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Greece's Alberta Shipmanagement emerges with VLCC newbuilding pair in Japan
13 Jun 2025 19:55 GMT
… Greek owner currently has two VLCCs under construction at Japan … the Inglessis family.
Global VLCC orderbook trends
According to BRS … report, there were 108 VLCCs under construction worldwide as of … fleet.
While only six VLCCs are expected to be delivered …
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VLCC owners could enjoy summer rate party before cold, cold winter, says Kpler
11 Jun 2025 14:50 GMT
Trade analytics outfit says August is when Opec production will hit the water, with buyers expected to stock up
Kpler senior lead fright analyst Matt Wright says owners will have to wait until temperatures cool in the Middle East before barrels are used …
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Ships steer clear of Hormuz as freight rates spike
17 Jun 2025 15:08 GMT
… —on Friday, Kpler reported that VLCC (Very Large Crude Carrier) freight rates from the Gulf …