Already in April, US crude arrivals to South Korea rose by nearly 200,000 barrels per day (kbd) month-on-month to hit 540 kbd ...

A major VLCC newbuilding ... markets were found for the oil they carried. The first fuel crisis of the early 1970s resulted in an immediate and total halt in large tanker newbuilding, and many ...

China's Cosco Shipping Energy Transportation (CSET) is clearing out some tanker tonnage in deals that could be worth more ...

2025 Forecast: More than 70% of the first quarter of the SPOT market days have already been secured, with an average rate of ...

The 310,000 dwt tanker is believed to be the largest VLCC built for the domestic market ... are shipping more than 80% of China's crude oil imports. China currently imports over 50% of its crude ...

Shell had booked two Very Large Crude Carriers (VLCC) on Tuesday at the rate of Worldscale 70. Worldscale is a unified system of establishing payment of freight rate for a given oil tanker’s cargo.

Analysts at Clarkson Securities cut tanker ... VLCC rates at $77K/day next year, down from $82K, reflecting a softer close to 2024 and lower odds of OPEC+ ramping up production due to weakened oil ...

Japan’s new 310,000-ton oil tanker will be the world’s first VLCC powered by methanol—slashing emissions with tech ready for long voyages, says NYK Line. By 2028, this massive ship will ...