Container giant Cosco Shipping Holding’s net profit attributable to shareholders surged 73.12% to CNY 11.7bn ($1.6bn) in the ...

In the year 1975, the company acquired first Indian VLCC. Also, they set up a joint ... Mitsui O.S.K.Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha Ltd. (K Line ...

Hungary’s leading oil and gas producer MOL returned to profit in the first quarter boosted by reduced capital expenditure and higher natural gas prices. Announcing its results on Friday ...

DHT HOLDINGS, with a modern VLCC fleet and balanced revenue model, offers an attractive 8-9% dividend yield and potential for growth. The company’s strong financials, including low debt and ...

saw JFE Steel President and CEO Masayuki Hirose name the vessel Verde Heraldo, meaning "Green Pioneer" in Spanish, a testament to its environmentally conscious design. MOL President & CEO Takeshi ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

The US has sanctioned China-based Shandong Shengxing Chemical, an independent “teapot” refinery, for purchasing more than $1 billion worth of Iranian crude oil, including from a front company ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

A major VLCC newbuilding program is foreseen by market analysts who estimate that as many as 300 ships of this size must be replaced up to the end of the decade and into the next century.

OPEC+’s plan to increase production could mean a 6-7% increase in VLCC loadings from April, and should be favorable for the entire tanker market, Jefferies LLC said in a note. The expected increase ...