VLCC News

 

Frontline Sees Opportunity in Tanker Market

Aug 27, 2019

So far in 2019, 41 VLCCs have been added to the global fleet compared to three vessel demolitions, said  the world's largest oil tanker shipping company Frontline Ltd.An additional 33 VLCCs are scheduled to be delivered in 2019 with 43 more to follow in 2020 before the order-book declines sharply.It is important to note that both the VLCC and Suezmax tanker order book as a percentage of the total fleet are at the lowest levels seen in over 20 years…

Ocean Yield Takes Delivery of New VLCC

Jun 11, 2019

Norway-based ship owning company Ocean Yield ASA has taken delivery of the very large crude carriers (VLCC) Nissos Despotiko.The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the second in a series of four VLCCs that will be delivered to the Company in 2019…

Current News

Yantai Port to Launch LNG Storage Plants

Yantai Port to Launch LNG Storage Plants

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China Hosts Deep-Sea Exploration Contractors Meet

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Sinopec Weighs Output Cuts Due to Freight Rate Surge

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BP to Shut West Chirag Platform for Maintenance

Exxon Appoints Bank to Sell Malaysia Assets

Exxon Appoints Bank to Sell Malaysia Assets

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