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Thursday, 02 April 2020 | 01:09
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COVID-19 outbreak leads to a surge in tanker rates, says GlobalData

01/04/2020

The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil following the Organization of Petroleum Exporting Countries' (OPEC's) disagreement with Russia over the impact of

Vitol Group establishes foothold in Singapore bunker operations: Acquires Sinanju Tankers Holdings’ bunkering fleet and

01/04/2020

Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings (“Sinanju”). The Singapore Bunkering license holding entity has been renamed Vitol Bunkers (S) Pte Ltd and from 1st April

01/04/2020
OMC International recently hosted the Hon. Keith Pitt MP, Minister for Resources, Water and Northern Australia at its head office,
01/04/2020
Suez Canal Authority (SCA) always pay attention to its customers ‘best interest, to be the first choice for ships of
01/04/2020
In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and
01/04/2020
British wholesale gas prices fell on Wednesday morning and linger around 2009 lows, amid reduced demand due to higher wind
01/04/2020
Petrochemical prices in China slumped in March, hit by heavy losses in upstream crude market just as the country was
01/04/2020
China’s ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and
01/04/2020
The technology group Wärtsilä has been contracted to upgrade its 11-year old Vessel Traffic Monitoring and Information System (VTMIS) serving
01/04/2020
Even with the restrictions and challenges that face the shipping industry with the Corona virus pandemic and the latest low
01/04/2020
Greece plans to sell majority stakes in four ports as part of a privatisation plan agreed with its lenders after
01/04/2020
King Abdullah Port has announced the successful completion of the last phase of handling 3,200 tons of machines for the
01/04/2020
Red Sea Gate Terminal (RSGT) has significantly expanded its operational capabilities and capacity at Jeddah Islamic Port. Today marks the
01/04/2020
We are pleased to bring you a message from Mitsui O.S.K. Lines, Ltd. President & CEO Junichiro Ikeda. FY2019 in Review All
01/04/2020
China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek
01/04/2020
Oil prices could continue to tumble and even fall to single digits as demand slumps due to the coronavirus crisis,
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