BIMCO: Crude tanker newbuild contracting jumps 490%
We’re supposed to be weaning ourselves off oil, right? So why has tanker newbuild contracting been soaring? BIMCO shipping analyst Filipe Gouveia has some answers. “In the first two months of 2024,
tankers
Stena Bulk to charter in eco MR tanker newbuild quartet
Gothenburg headquartered Stena Bulk has reached five-year agreements that will see it charter in four newbuild eco MR tankers set to be delivered in 2025 and 2026 Two of the medium range,
All four OSG Alaska class tankers to get engine upgrades
Tampa, Fla., headquartered Overseas Shipholding Group Inc. (NYSE:OSG) has signed a contract with MAN Energy Solutions SE that will see all four of the nearly 20-year old OSG Alaska class tankers get
Is the battle for Euronav nearing an end?
The Saverys family and John Fredriksen look to be nearing a resolution to their long running battle for control of the world’s largest NYSE-listed oil tanker operator, Euronav NV (NYSE: EURN). Both
J.P. Morgan makes its first move into methanol-fueled newbuilds
The momentum towards methanol fueling continues to build. J.P. Morgan Global Alternative’s Global Transportation Group (JPMGTG) reports that institutional investors advised by it have concluded an order for two 49,800 dwt methanol
Crowley and SEACOR in Jones Act JV
Crowley and SEACOR Holdings, through its Seabulk Tankers subsidiary, have reached an agreement to form a joint venture integrating their liquid energy and chemical transportation vessels, operations and related services into a
Hugo De Stoop steps down as Euronav CEO
Just one day ahead of the company’s May 17 annual meeting, the Supervisory Board of Euronav NV (NYSE: EURN) has announced the departure of its CEO Hugo De Stoop with “immediate effect
Euronav: Frontline wins a round as merger ding dong continues
For those who like ongoing sagas, the Euronav drama continues to deliver. Today, John Fredriksen’s Frontline plc (NYSE: FRO – OSE: FRO) reported that emergency arbitration claims filed by Euronav on January
Scrapping: Tankers dominated 2021 demo numbers
Online valuation and market intelligence provider VesselsValue says that 2021 saw significant trends and changes in the shipping industry that combined to result in a diverse demolition market. Last year saw 704
High scrapping prices bring surge in vessel demolition
Online valuation and data provider VesselsValue reports that the first half of 2021 saw 275 cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275