Latest News for: Clean product tanker


Is it time to overweight shipping?

Splash24/7 28 Sep 2022
Tankers are benefitting from Ukraine-related disruptions including the upcoming proposed EU ban of Russian oil ... Tankers ... International Seaways (INSW) is in the sweet spot of the tanker market with a nice balance of both crude and product tankers. INSW has a very clean balance sheet ...

‘Further and solid improvements’ ahead for tanker markets

Seatrade Maritime News 12 Sep 2022
In its Q3 Overview and Outlook for the tanker market, Bimco said the Baltic Exchange Dirty Tanker Index had been up an average of 86% on-year in 2022, and the clean tanker index had been up 113% as the markets were supported by higher tonne-mile, 5.1% higher for dirty and 2.9% for clean.

Clarksons says chemical tanker ‘boom’ ahead as rates rise 31%

Tradewinds 07 Sep 2022
... lure clean tankers away from specialist trades.

Torm sees boost for clean tankers in Q2 but demand headwinds lurk ahead

Hellenic Shipping News Worldwide 20 Aug 2022
Pent-up demand resulting from the coronavirus pandemic and increased ...

Furetank and Algoma order four product tankers in new JV

Seatrade Maritime News 17 Aug 2022
A new joint venture, FureBear, between Swedish tanker owner, Furetank, and Canada’s Algoma Central Corp has ordered four 17,999dwt dual-fuel ice-class products tankers at China Merchants Jinling Shipyard ... The first deliveries, and possible the later ones too, are likely to deliver into a strong products tanker market.

Russian oil bans have sparked a fuel-tanker buying frenzy - pushing the cost of second-hand ...

Business Insider 28 Jul 2022
Data provided to Bloomberg by the shipping consultancy firm VesselsValue showed 184 so-called clean tankers, which only carry refined petroleum products, changing hands this year, for a total value of $3.79 billion ... "Product tankers continue to be the most transacted vessel type during July amidst a healthy spot market.".

Editor’s selection: Newbuild strike strife, more leasing-linked arrests and Saade’s tax defence

Tradewinds 22 Jul 2022
He attributed this to the industry having to factor in the costs of new production and delivery infrastructures ... Its chemicals arm operates 27 MR vessels already, and now intends to break into the clean petroleum product tanker market, a senior executive announced.

Bahri expands with move into the LR2 sector and VLCC time-charters

Tradewinds 19 Jul 2022
Bahri Chemicals, which operates a fleet of 27 medium-range product tankers, is expanding into the ...

Product tanker rates whittled down as VLCCs claw back some earnings

Tradewinds 24 Jun 2022
A slow week for product tankers saw rates ...

Jens Christophersen: Interviewed on Clean Product Tanker Segment (Hafnia Ltd)

Public Technologies 15 Jun 2022
Jens Christophersen, EVP, Commercial was interviewed by S&P Global on the challenges clean product tanker face in the transition towards a greener future.

India, China become growing markets for shunned Russian oil

TDT News 14 Jun 2022
People are realizing that India is such a refining hub, taking it at such a cheap price, refining it and sending it out as clean products because they can make such strong margins on that,” Smith said. In May, some 30 Russian tankers loaded with crude made their way to Indian shores, unloading about 430,000 barrels per day.

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