King of crude oil believes in continued tanker boom

Belgian Euronav, with its large fleet of VLCCs, has hit a gold mine that looks set to keep giving for years, says CEO Patrick Rodgers. He has no plans to enter product tanker, he tells ShippingWatch. "Anyone can afford an MR tanker," as he says.

BY TOMAS KRISTIANSEN

There are some chief executives in the maritime industry who, in spite of upturns and remarkably good results, choose to keep both feet on the ground and who, using politically correct terms, explain that their performance is a team effort and is to a certain extent attributable to a fortunate position in the market.

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Booming VLCC at highest level since the financial crisis
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Lidl's shipping company makes changes to get more customers in store

Tailwind Shipping Lines was launched during the pandemic, when the German discount chain was struggling to get goods on the shelves.

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Foto: Abdel Hadi Ramahi/reuters/ritzau Scanpix

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Shanghai to set up first pan-Pacific green corridor with Los Angeles

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Peder Simonsen CFO in Golden Ocean points to congestion as a main reason as to why freight rates haven't increased yet when demand is good. | Foto: Pareto Securities

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King of crude oil believes in continued tanker boom

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Related articles:

Booming VLCC at highest level since the financial crisis

Euronav made more than USD 92 million in Q2

Euronav CEO: Shipping enjoys the climb

Sign up for our newsletter

Front page now

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs