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Stena could move Concordia listing to Oslo

Swedish shipping group Stena considers moving the listing of product tanker ship operator Concordia Maritime from Stockholm to Oslo. There is almost no interest in shipping in Sweden, says Stena's owner.

VLCC rates near USD 100,000 again

Norwegian media E24 reports that spot rates for the big tanker vessels are nearing USD 100,000 per day. In the fall, rates suddenly increased rapidly but quickly dwindled afterwards.

Hafnia books deficit in first financial report since listing

Product tanker company Hafnia, like its competitors, was impacted by a difficult market in the third quarter, ultimately landing the company in a deficit. However, the company remains in a profit for 2019 and sees signs of a market improvement from the beginning of the fourth quarter.

Nordic American Tankers sees strong market continue into 2020

A strong tanker market could continue all the way into 2020, projects Nordic American Tankers. The company sailed at daily rates of USD 34,000 toward the end of the year and takes a positive outlook on next year despite uncertainty from, for instance, the trade war.

Maersk Tankers signs deal with BP for 11 ships

Product tanker shipping company Maersk Tankers expands its fleet with 11 ships as part of a deal with oil company BP's shipping division. The company now has almost 200 ships under management.

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