Category Archives: Tankers

Ship finance in China: key developments and challenges

Posted on November 1, 2011 by Editor

China’s shipbuilding industry has developed rapidly over the past few years partly due to strong demand for newbuilding vessels from Chinese shipowners. China had set its sights on becoming the world’s biggest shipbuilder by 2009, and by 2010/2011 China will … Continue reading →

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Shell, PetroChina May Ship Canadian LNG to Gain From Asia Prices

Posted on October 29, 2011 by matson

| Friday, 28 October 2011 13:00 Royal Dutch Shell Plc, Europe’s largest oil company, together with PetroChina Co. and Japanese and South Korean partners are examining plans to ship liquefied natural gas from Canada’s west coast to Asia.“This gives us … Continue reading →

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So What Has Gone Wrong With the Tanker Market?

Posted on October 25, 2011 by Editor

Tuesday, 25 October 2011 00:00 Figuring out the tanker spot market is a frustrating business. Although “fundamentals” analysis generally prevails in the end, the world where tankers trade is constantly producing surprises. Today, while Capesizes enjoy earnings over $30,000/day, despite … Continue reading →

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Shipowner Mothballing New Supertanker !!! FIRST TIME IN 30 YEARS…A SUPERTANKER IS DE-ACTIVATED BEFORE TRADING

Posted on October 22, 2011 by Editor

http://www.bloomberg.com/news/2011-09-23/new-supertanker-to-be-mothballed-before-getting-cargo-wilhelmsen-says.html shipowner will mothball a newly built supertanker for the first time since the 1980s as a glut of the ships erodes earnings to an unprofitable $1,000 a day. The tanker, capable of carrying 2 million barrels of crude, will … Continue reading →

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