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VLCC FLEET
Trump warns Iran, says Tehran cannot "blackmail" US over Strait of HormuzIran has reimposed a naval blockade on the Strait of Hormuz. This move followed a brief 24-hour opening. US President Donald Trump issued a...- Asia relying on US crude to replace Middle East supplyAsian fuel makers are turning to US crude oil. This shift is driven by disruptions in Middle Eastern supply. Countries like Japan and South...
- West Asia War: India permits Iranian oil tankers to berth for Reliance, sources sayWest Asia War: India's shipping ministry has granted special permission for four vessels carrying Iranian oil to dock at Sikka port. This m...
- Oil tanker rates to stay strong into 2026 as sanctions remove ships for hireDaily oil shipping rates have surged to three-year highs, driven by strong demand and a shrinking supply of available vessels. Nearly 44% o...
- Saudi Aramco, Iraq company SOMO halt oil sales to Nayara EnergySaudi Aramco and Iraq's SOMO have suspended crude sales to India's Nayara Energy following EU sanctions on the Russian-backed refiner. This...
- ACME Group, NYK Line ink MoU for green ammonia shipping"As part of the cooperation, ACME and NYK will explore offering green ammonia to customers globally whereby ammonia would be supplied from ...
- Shipping Corporation of India to use FPO proceeds to expand fleetShipping Corporation of India (SCI) is planning to aggressively expand its fleet capacity by nearly 54% over the next 3-4 years.
- Higher freight rates benefit shipping firmsThe September 2010 quarter results brought cheer to key players in the shipping sector, including Shipping Corporation of India and GE Ship...
- GE Shipping Q2 net profit up by 55% at Rs 168.65 crGreat Eastern Shipping Company reported a growth of over 55 per cent in its consolidated net profit at Rs 168.65 crore during the July-Sept...
- Shipping: Rise in spot freight rates to lift March nosThe latest data on spot tanker freight rates, a key segment for Indian shipping players, show signs of a recovery in global demand during t...
- New ship acquisitions unlikely to pad up national fleet sizeMost of the new additions are seen as part of reshuffling exercise by shipping companies to make their fleet younger.
- Shipping Corp, GE Shipping to sail on global oil demandThe impact of the difficult operating environment for the global shipping industry was visible in the December 2009 quarterly results of th...
- Shipping cos yet to sail out of troubled watersThe shipping industry is possibly one of the few sectors where the operating environment has shown signs of worsening over the past few mon...
- Shipping cos in troubled waters as freight rates dipThe spot average freight rate for VLCCs in Q4 was $33,305 per day, a decline of 42% y-o-y. In other segments, the spot average rate was dow...
- OPEC output cut may hit shipping cosConcerned with the steady fall in crude oil prices, the Indian shipping industry is waiting with bated breath for the outcome of OPEC’s all...
- Stocking up for winter fuels freight ratesGE Shipping has nearly 77% of its 2.85 million dwt capacity being utilised in the tanker segment.
- Mercator Lines in jack-up rig pushMercator Lines (MLL), the private shipping company, is planning to acquire a jack-up rig with an investment of Rs 1,500 crore.
- 'Buy Mercator Lines for target Rs 160'Religare Securities has recommended ‘buy’ on Mercator Lines and has raised their target price by 10 per cent to Rs 160 ( 54% upside from cu...
- Mercator Lines makes wavesAfter its encouraging financial results for the year 2007-08, Mercator Lines, the second largest private shipping company.
- VLCC unveils plans for Middle East expansionIndia's leading chain of health, beauty and fitness centres, VLCC has announced plans to increase its fleet in the Middle East to 35 by 201...
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