New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net income of
In a regulatory filing today, South Korean shipbuilder Samsung Heavy Industries (SHI) disclosed in its regulatory filing that it has won a contract worth a total of $209.2 million to build two
French energy giant Total has signed a pioneering agreement to charter in its first two 300,000 dwt LNG dual fueled VLCCs from Malaysian-based tanker operator AET. The two ships set to join
Euronav NV (NYSE: EURN & Euronext: EURN) has entered into an agreement to acquire a fourth resale VLCC newbuilding contract. Last month the tanker giant reached an agreement to acquire three VLCCs,
Euronav NV (NYSE: EURN & Euronext: EURN) has entered into an agreement for the acquisition of three VLCC newbuilding contracts. The three VLCCs are currently completing construction at the DSME shipyard in
Saudi Arabian tanker giant Bahri has committed to ordering a VLCC from a giant new shipyard being developed in the King Salman Complex for International Maritime Industries and Services at Ras Al-Khair.
JANUARY 25, 2019 — U.S. exports of crude oil have been soaring, reaching more than 2.3 million a barrels a day by October 2018, according to the most recent Energy Information Industry
SEPTEMBER 25, 2018 — Back in July, DHT Holdings, Inc. (NYSE:DHT) reported that it had entered into agreements with Alfa Laval to install exhaust gas as scrubbers, on twelve of its VLCCs.
AUGUST 8, 2018 – McQuilling Services has released its 2018 Mid-Year Tanker Market Outlook Update. McQuilling says that global oil demand is expected to grow 1.5% in 2018 to over 99 million
JULY 30, 2018 – The Port of Corpus Christi, Texas, is moving ahead with plans to handle fully loaded VLCCs carrying U.S. crude oil exports. Last week, the port successfully priced and