SHIPPING NEWS

Tankers best quarter

The huge supply glut caused by the coronavirus crisis has triggered a surge in charter rates for ships capable of carrying more than 2m barrels of oil. As a result, the daily Read Article…

Rosneft VLCCs

Russian oil major Rosneft’s Venezuelan oil loads have been cancelled due to sanctions, according to Refinitiv Eikon data and a document from Venezuelan state-run Read article…

Cyprus extension

Provisional measures to help onboard seafarers secure their certificates because of difficulties encountered in crew changes worldwide, as well as the Read article…

Sleipnir record

Heerema’s Sleipnir, which is the world’s most powerful semi-submersible crane vessel, received the largest LNG bunkering ever completed last week, after it Read Article…

Saudi power play

Saudi Arabia has booked as many as 25 supertankers and provisionally chartered another 15 vessels, to send oil to new and old customers in order to undercut Russia Read article…

Inmarsat plan

In an online statement, Inmarsat said that, in conjunction with International Seafarers’ Welfare & Assistance Network and the main seafarer charities, and in Read article…

COVID-19 and supply

It was reported as recently as early March that the impact of the Coronavirus on shipping was subsiding. But there has been and will continue to be Read Article…

Russian crude exports

According to shipbroker Banchero Costa, in the 12 months of 2019, Russia exported 225.3 mln tonnes of crude oil by sea, according to vessel tracking data from Read article…

UK shipping abnormal

Last week, the UK Chamber of Shipping’s Chief Executive Bob Sanguinetti asked the UK shipping minister Kelly Tolhurst for urgent funds to ensure that the Read article…

Shell tanker storage

At least three supertankers are to be chartered by Royal Dutch Shell to store crude oil at sea, if talks come to fruition. The floating storage need comes as Read Article…

ECSA on declaration

The European Community Shipowners’ Associations (ECSA) has released a statement to say it welcomes the Declaration on Waterborne Transport Read article…

Tanker rate surge

Saudi Arabia’s decision to flood the oil markets with up to 12.3 million b/d of crude oil, which was followed by reports of Bahri’s move to charter up to 19 supertankers Read article…