Vlcc
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May 07, 2012 at 08:52 | Source: Economic Times
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The number of crude cargoes loaded on VLCCs on a spot basis from the Persian Gulf to the US Gulf Coast and Europe has hit a year-to-date high of 31 for May, shipping sources said Monday. "There has been a slight increase in the number of West-bound ...
May 14, 2012 at 21:39 | Source: platts.com
THE investment banking arm of RS Platou has warned that the bearish climate surrounding the Chinese oil market could pose a threat to the tanker industry in the coming months. Chinese demand for crude oil showed anaemic growth in April and the country’s ...
May 23, 2012 at 13:07 | Source: Lloyd's List
The daily cost of chartering a VLCC to carry crude from the region to the U.S. Gulf Coast gained about $10,500 a day in the past week to $50,000, he said. Daily VLCC rates for cargoes to be carried east from the Persian Gulf climbed $3,500 a day ...
May 21, 2012 at 16:08 | Source: Bloomberg
They are being lured by a decline in ship valuations. The value of a new so-called VLCC, or very large crude carrier, dropped 44 percent to $90 million between 2008 and 2012, while the value of a five-year-old VLCC decreased 61 percent to $65 ...
May 22, 2012 at 22:48 | Source: Businessweek
One VLCC typically holds 2 million barrels of crude. Based on current prices, the 3 percent tax benefit would save buyers at least $6 million, enough to pay for a supertanker to transport the oil from Europe to South Korea. “This is how you ...
May 25, 2012 at 00:19 | Source: Bloomberg
Frontline terminated the charter party for the single hull VLCC, Titan Orion (ex-Front Duke), and recognized a gain of $9.4 million. * Frontline purchased $10.0 million notional value of the convertible bonds due 2015 for $5.4 million and recognized a gain ...
May 25, 2012 at 06:31 | Source: msnbc.com
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its 318,000 dwt Very Large Crude Carrier (VLCC) “Vasant J Sheth” from Hyundai Heavy Industries Ltd, (HHI) South Korea today and subsequently delivered the vessel to its ...
May 15, 2012 at 07:54 | Source: equitybulls.com
The Japanese government is considering guaranteeing up to $7.6 billion of insurance cover per tanker for shipments of Iranian oil to make up for the potential loss of protection and indemnity cover when European Union sanctions come into effect in July, a ...
May 17, 2012 at 10:15 | Source: platts.com
The world's benchmark VLCC export route from the Middle East Gulf to Japan DFRT-ME-JAP reached 59.78 in the worldscale measure of freight rates, or $31,383 a day when translated into average earnings, from W60.03 or $30,063 on Friday and W56.47 ...
May 21, 2012 at 17:06 | Source: Reuters
Looking ahead for the second quarter, Tsakos said it is seeing some improvement in the suezmax and VLCC rates, which should allow the VLCC La Madrina to cover much of its costs prior to its sale. Tsakos added that it remains optimistic for the ...
May 24, 2012 at 23:57 | Source: NASDAQ