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VLCC TANKER OPERATIONS
Oil finds its way: Supertankers return to Persian GulfSupertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran confl...- Three oil, LNG tankers exit Hormuz with transponders offTwo supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying c...
- Iran menaces Hormuz as its own oil tankers test US blockadeIranian gunboats attacked commercial ships in the Strait of Hormuz. Two Iranian oil supertankers are testing a US blockade in the Arabian S...
- India in touch with Iranian authorities for safe exit of its ships through Strait of Hormuz: MEAIndia is actively engaging with Iran to ensure the safety of its ships. Two Indian vessels recently reported a firing incident in the Strai...
- Convoy of tankers is seen crossing Strait of Hormuz, vessel tracking data showsA convoy of eight tankers is crossing the Strait of Hormuz. Ship owners hope Tehran will allow them to leave the Gulf during a short ceasef...
- 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...
- From the Maldives to Venezuela: how Iran gets oil to an allyThe ship-to-ship transfer off The Maldives was the latest tactic by the two countries to keep their oil flowing to markets despite U.S. san...
- Indian Oil Corp's VLCC catches fire off Colombo, according to sourcesThe full loaded vessel was heading to Paradip in eastern India from Mina Al Ahmandi in Kuwait, Refinitiv's ship tracking data shows.
- With few buyers, Iranian oil armada heads to China ahead of US sanctionsA source from the National Iranian Tanker Company said more than 20 mn barrels of oil will be shipped to China.
- Shipping: Offshore biz may pull cos out of troubled watersThe downturn that the shipping industry has been grappling with for the past two and half years appears to have worsened in recent weeks, w...
- 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...
- Shipping cos set to sail out of troubled waters in Q2The just-concluded second quarter is expected to bring some cheer for the shipping industry, which has been grappling with a difficult glob...
- Don't expect big returns from shipping in short runThe shipping industry has seen a sharp drop in its spot freight rates vis-à-vis the average freight rate that prevailed in the June 2010 qu...
- Shipping: Enjoying a buoyant operating environmentThe shipping industry is currently enjoying a buoyant operating environment, with spot freight rates in the key tanker segment that are bro...
- 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...
- Spot freight rate pick-up puts GE Shipping in safe watersInvestors are once again taking a fancy to shipping stocks, given the nascent signs of a pick-up in spot shipping freight rates in the key ...
- 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...
- Essar Shipping hits 5% upper circuitShares of Essar Shipping and Logistic Ltd on Thursday hit the upper circuit after an increase in freight rates of very large crude carriers.
- RIL margins surprise analystsRIL’s gross refining margins (GRMs) of $11.7/barrel for the third quarter, almost three times that of the Singapore refinery benchmark of $...
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