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VLCC rates hit USD 300,000 per day

VLCC rates have climbed to USD 300,000 per day, the highest level in 15 years, analyst firm writes. The rates have increased massively over the past month, and the current situation is "not normal circumstances", according to the analysis.

Media: Iranian tanker on fire off the coast of Saudi Arabia

Iranian news agency ISNA and Reuters report that an Iranian tanker ship has burst into flames after being hit by an explosion off the coast of Jeddah in Saudi Arabia. The ship allegedly belongs to Iranian oil company National Petroleum Company.

China will ask US to lift shipping sanctions at meeting

When China and the US on Thursday begin the next round of negotiations in the ongoing trade dispute, China will ask the US to lift the sanctions on two of Cosco's subsidiaries. The US accuses them of having carried Iranian oil.

Major tanker operator publishes its CO2 emissions

Ardmore Shipping has begun publishing details about its ships' CO2 emissions. The measuring will continue going forward, even though it is still "really early days" for the shipping sector's CO2 disclosures, CEO Anthony Gurnee tells ShippingWatch.

Hafnia pursues full listing in Oslo

Product tanker carrier Hafnia pursues a listing on the Oslo Stock Exchange as the next strategic shift for the new major player. The company has hired two large banks as advisors.

US sanctions make VLCC rates surge

US sanctions are a key driver boosting VLCC rates, writes shipbroker Clarksons Platou. The firm expects to see daily rates, which have now surpassed USD 100,000 per day, continue to rise.

Navigare to bet more on gas with new pension fund capital

Gas ships will likely play a bigger role in Navigare Capital Partners' new fund that recently received hundreds of millions of dollars in fresh funding. The ambition is to bring in more international investors, Managing Partner Henrik Ramskov tells ShippingWatch.

Analyst predicts golden days for Stolt-Nielsen stockholders

Stolt-Nielsen's stock is currently very attractive, assesses a Kepler Cheuvreux analyst who predicts a 90 percent increase by 2020. The optimism stems from confidence in rate increases on crude transports, which could spread to chemical tanker.

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