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Tanker Shipping - primarily positive prospects for products

13 February 2013

”The smaller the better” seems to be the mantra in the tanker segment these days. Whilst all crude tanker segments enjoyed a spike in earnings in late December, the subsequent drop hit the VLCC much harder than the Aframax segment.

Cleaning of cargo tanks - oil tankers and chemical tankers

20 February 2019

As the BIMCO Liquid cargo database will not go deep into tank cleaning details but only gives an overall description of the methods it is recommended to consult professional Tank Cleaning Guides for in-depth tank cleaning details.

Troubled waters below the surface for crude oil tankers

29 September 2010

The shift in oil demand is causing shorter sailing distances, so in order to maintain the fundamental balance with the present fleet in the tanker markets, the oil demand has to grow twice as much in the East as the oil demand shrinks in the West.

Tanker shipping: Shipowners have their work cut out handling the supply side in 2017

20 April 2017

Oil tankers experienced a tough start to 2017 as freight rates for all crude oil and oil product tankers continued their decline following the brief lift at year-end. For one, VLCCs may not yet have bottomed out. By 7 April 2017, average earnings stood at USD 18,853 per day, down from USD 63,284 per day on 16 December 2016.