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Vlcc News

China Merchants orders VLCC pair featuring pioneering technologyChina Merchants orders VLCC pair featuring pioneering technologyChina Merchants Energy Shipping (CMES) has placed an order for the construction of two 307,000 dwt very large crude carriers (VLCCs) with compatriot Dalian Shipbuilding Industry (DSIC).19 May 2020 Tuesday 13:12
China’s largest petrochemical port is now operationalChina’s largest petrochemical port is now operationalSinopec Corp., China’s energy and chemical company, has put the country’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude oil carrier (VLCC) from the Middle East.11 May 2020 Monday 10:45
Euronav posts massive surge in Q1 profitEuronav posts massive surge in Q1 profitAntwerp-based tanker shipping company Euronav is reaping large profits from strong underlying tanker dynamics having reported $225.6 million of profit in the first quarter of 2020.07 May 2020 Thursday 09:45
Supertanker Rates Ease but Posed for More GaIns as Storage Demand BeckonsSupertanker Rates Ease but Posed for More GaIns as Storage Demand BeckonsSupertanker freight rates eased this week as surging demand for floating storage cooled and crude oil output is set to fall, but rates could jump again as fewer tankers become available and as traders take advantage of weak oil prices, sources said.29 April 2020 Wednesday 09:15
Bahri’s Q1 2020 earnings soar amid higher ratesBahri’s Q1 2020 earnings soar amid higher ratesThe world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges.24 April 2020 Friday 11:59
Okeanis Eco Tankers Secures Work for VLCCOkeanis Eco Tankers Secures Work for VLCCOslo-listed shipowner Okeanis Eco Tankers Corp. has entered into a time charter contract with an unnamed international energy company for one of its VLCC vessels.06 April 2020 Monday 12:25
DHT Holdings Inks Charters for 6 VLCCsDHT Holdings Inks Charters for 6 VLCCsCrude oil tanker company DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs).02 April 2020 Thursday 12:00
Capital to Seek Sanctions against AISSOT and Its Executives after Securing Release of Arrested VLCCCapital to Seek Sanctions against AISSOT and Its Executives after Securing Release of Arrested VLCCGreek ship owner and operator Capital Ship Management Corp. plans to pursue sanctions against Al-Iraqia Shipping Services & Oil Trading (AISSOT) and its relevant executives.20 March 2020 Friday 14:00
Hunter Tankers Secures USD 80K Daily Charters for VLCC TrioHunter Tankers Secures USD 80K Daily Charters for VLCC TrioHunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for three ships obtaining an average daily rate of approximately USD 80,000 per day.18 March 2020 Wednesday 13:55
Tanker Rates Surge after Bahri’s Surprising ChartersTanker Rates Surge after Bahri’s Surprising ChartersSaudi Arabia’s decision to flood the oil markets with up to 12.3 million b/d of crude oil, followed by reports of Bahri’s rare move to charter up to 19 supertankers, has sent daily freight rates for Very Large Crude Carriers (VLCC) skyrocketing.12 March 2020 Thursday 13:00
Euronav Buying 4th Scrubber-Fitted VLCC NewbuildEuronav Buying 4th Scrubber-Fitted VLCC NewbuildBelgian tanker company Euronav has entered into an agreement for the acquisition of one VLCC newbuilding contract through a resale.06 March 2020 Friday 15:40
Ocean Yield Wins Arbitration Case against OkeanisOcean Yield Wins Arbitration Case against OkeanisOslo-listed Ocean Yield has won an arbitration case related to the purchase options of four very large crude carriers (VLCCs) exercised by Greek shipping company Okeanis ECO Tankers.27 February 2020 Thursday 11:08
Hunter Nets USD 220 Mln Loan to Finance VLCC NewbuildsHunter Nets USD 220 Mln Loan to Finance VLCC NewbuildsHunter Tankers AS, a wholly-owned subsidiary of Hunter Group ASA, has signed a binding agreement for a USD 220 million loan facility.21 February 2020 Friday 12:22
Euronav Buys VLCC Resale TrioEuronav Buys VLCC Resale TrioBelgium’s tanker shipping company Euronav NV has entered into an agreement for the acquisition via resale of three very large crude carrier (VLCC) newbuilds.12 February 2020 Wednesday 15:39
SFL Offloads VLCC, Terminates Charter with FrontlineSFL Offloads VLCC, Terminates Charter with FrontlineBermuda-based SFL Corporation has sold and delivered Front Hakata, a 2002-built very large crude carrier (VLCC).06 February 2020 Thursday 13:29
Wärtsilä Scrubber Wins Type Approval in ChinaWärtsilä Scrubber Wins Type Approval in ChinaWärtsilä’s exhaust gas cleaning (EGC) system has received a Type Approval from the China Classification Society (CCS), the Finnish technology company said.07 January 2020 Tuesday 16:32
Hyundai Samho Gets USD 280 Mn Orders for Two ShipsHyundai Samho Gets USD 280 Mn Orders for Two ShipsHyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million).31 December 2019 Tuesday 12:24
Hyundai Heavy Industries Group Clinches Deals for Six New ShipsHyundai Heavy Industries Group Clinches Deals for Six New ShipsHyundai Heavy Industries (HHI) Group, the biggest shipbuilder in South Korea, has secured two new orders for a total of six vessels.26 December 2019 Thursday 12:03
ABS, DSME Ink Digitalization and Decarbonization JDPABS, DSME Ink Digitalization and Decarbonization JDPClassification society ABS and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have signed a joint development project (JDP)11 December 2019 Wednesday 10:22
Enterprise Teams Up with Enbridge on VLCC Terminal DevelopmentEnterprise Teams Up with Enbridge on VLCC Terminal DevelopmentAmerican midstream natural gas and crude oil pipeline company Enterprise Products Partners and Canadian energy transportation firm Enbridge Inc. have signed a letter of intent (LOI) to jointly develop a deepwater crude oil terminal in the Gulf of Mexico.09 December 2019 Monday 16:49
Norsepower, SWS Wrap Up Energy-Efficient VLCC ProjectNorsepower, SWS Wrap Up Energy-Efficient VLCC ProjectNorsepower,a Finnish provider of auxiliary wind propulsion systems for ships, has completed a joint project with China’s Shanghai Waigaoqiao Shipbuilding for the development of an energy-efficient dual-fuel 300,000 dwt very large crude carrier design.05 December 2019 Thursday 11:37
CMES Seals Order for USD 331.8 Mn VLCC QuartetCMES Seals Order for USD 331.8 Mn VLCC QuartetChina Merchants Energy Shipping (CMES), a part of the China Merchants Group, has finalized its order for the construction of four new-generation very large crude carriers (VLCCs).04 December 2019 Wednesday 10:19
CMES Prepares to Order VLCC QuartetCMES Prepares to Order VLCC QuartetChina Merchants Energy Shipping (CMES), a part of the China Merchants Group, has revealed its plans to order up to four very large crude carriers (VLCCs).11 November 2019 Monday 09:48
Third New VLCC Handed Over to Hunter TankersThird New VLCC Handed Over to Hunter TankersNorwegian investment company Hunter Group has taken delivery of its third newly built very large crude carrier (VLCC) and subsequently delivered it to its new owner.31 October 2019 Thursday 14:33
Hunter Tankers Adds 2nd ECO VLCC NewbuildingHunter Tankers Adds 2nd ECO VLCC NewbuildingHunter Tankers, a part of Hunter Group ASA, has taken delivery of the second of seven identical ECO design VLCC newbuildings, the Hunter Saga.21 October 2019 Monday 11:11
Tanker Rate Surge Drives Record ClarkSea Index SpikeTanker Rate Surge Drives Record ClarkSea Index SpikeClarksons’ ClarkSea cross-sector earnings index recorded its biggest ever absolute increase on the back of improved tanker rates which were driven up by a number of factors including a series of Middle East attacks on tankers and recent US sanctions14 October 2019 Monday 17:35
Kyoei Tanker Orders Another VLCC from Namura ShipbuildingKyoei Tanker Orders Another VLCC from Namura ShipbuildingJapanese shipowner Kyoei Tanker has ordered another very large crude oil carrier (VLCC) from compatriot shipbuilder Namura Shipbuilding.07 October 2019 Monday 12:55
Sanctions good for tankers as VLCC rates skyrocketSanctions good for tankers as VLCC rates skyrocketSanctions are not something generally seen as good for shipping, as they usually impede free trade, but the latest US sanctions against Cosco for carrying Iranian oil have caused the VLCC market to skyrocket.07 October 2019 Monday 10:24
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