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46th VLCC Joins Bahri’s Fleet

Amad VLCC

Bahri takes delivery of the final vessel from a series of ten VLCCs ordered from Hyundai Samho Heavy Industries.

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Over-Ordering Déjà Vu in Tanker Sector?

Very Large Crude Carrier

Owners continue last year's tanker ordering spree further hindering market recovery.

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TEN Sells Its Oldest VLCC for Scrap

Tsakos Energy Navigation logo

Tsakos Energy Navigation has availed of the strong demolition prices to sell its oldest very large crude carrier.

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Hunter Group Takes Ownership of Apollo’s VLCCs

Hunter Group ASA has entered into VLCC contract transfer agreement with Apollo Asset.

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VLCC Scrapping Insufficient to Ease Market Pressure

VLCC Anne

The rebalancing of the tanker market requires further affirmative action in reducing older tonnage.

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Bahri Grows Fleet with New VLCC

VLCC

Bahri has taken delivery of Khurais, a very large crude carrier, from Korean Hyundai Samho Heavy Industries.

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Up to Seven VLCCs for Hunter Group ASA

Very large crude carrier

Arne Fredly-led Apollo Asset Limited reveals deal for up to seven very large crude carriers.

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DSME Clinches 10 VLCC Orders in 2018

Very Large Crude Carrier

Undisclosed American shipowner pushes DSME's orderbook to 10 VLCCs secured this year.

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Korea Line Moves Forward with VLCC Order

Korea Line Corporation orders the construction of two VLCCs to support its charter deal with S-Oil Corporation.

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LOOP Wraps Up Second VLCC Loading Operation

LOOP has loaded its second very large crude carrier at its deepwater port off Louisiana.

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Korea Line Poised for New VLCC Order after S-Oil Charter Deal

Korea Line Corporation has signed a charter deal with S-Oil Corporation for two crude oil carriers.

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HMM Nets USD 420 Million to Build 5 VLCCs

Hyundai Merchant Marine has secured USD 420 million to finance construction of five very large crude carriers.

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Navios Midstream Rejuvenates VLCC Fleet

Navios Maritime Midstream Partners has agreed to acquire a second-hand VLCC from its sponsor.

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VLCC Scrapping in Q1 Breaks Last Year’s Total

2018 is off to a great start when it comes to removing of outdated tanker tonnage from the oversupplied fleet.

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Korea Line Orders VLCC Duo for GS Caltex Deal

Korea Line Corporation has placed an order for two very large crude carriers with HHI.

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KOTC Seals Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tankers Company secures over USD 400 million in financing, orders super tanker in China.

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Hyundai Samho Unveils World's 1st Scrubber-Fitted VLCC

Hyundai Samho completed the world's first VLCC fitted with an exhaust gas cleaning system.

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HMM Abandons Options for Five VLCCs at DSME

Hyundai Merchant Marine has decided to drop the options for five more tankers at DSME.

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DSME Bags Orders for Five VLCCs

DSME wins orders for seven ships worth a total of USD 800 million in a single week.

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Bahri Sees Profit Drop in 2017

Bahri reports a net income of SAR 800.3 million in 2017, down by 53.4% from the previous year's SAR 1.7 billion.

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Inflection Point for Crude Oil Tanker Market Yet to Come

2018 is not likely to be the turning point for the crude oil tanker market amid continued VLCC deliveries.

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