By Stephen Treloar (Bloomberg) — Frontline Plc, one of the world’s largest oil tanker owners, and Norwegian shipping billionaire John Fredriksen reached a deal to sell their… Read More
John Fredriksen’s Frontline has announced its acquisition of two dozen Very Large Crude Carriers (VLCCs) from Euronav, solidifying its position as the largest publicly-listed pure play… Read More
Mainstream European tanker owners have largely abandoned the Russian trade now that the country’s crude and diesel have breached Western price caps. The so-called “shadow”… Read More
After nearly two years of “political groundwork, fundraising, and project development”, in the words of UN chief António Guterres, the UN-led operation to avert environmen… Read More
The Internet of Things (IoT) has emerged as a transformative technology in the oil and gas industry, revolutionizing operations, reduce energy consumption, and boosting profitability. By 20… Read More
If the stock market undervalues an industry like shipping for too long, fewer large companies do IPOs and more large-cap companies that are already public go private. On the other end of th… Read More
(Bloomberg) — Norwegian shipping billionaire John Fredriksen has clashed with another tanker company after his tumultuous attempt to buy Euronav NV was abandoned earlier this year. Sea… Read More
In a surprise move, Euronav has announced that the company and its long-time CEO Hugo De Stoop are parting ways with immediate effect. His departure was made by mutual agreement Read More
Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern. Sometime around late February or early March, shares hit a high for the year to date… Read More
Russia — one of the world’s top energy providers — is mired in war. The OPEC cartel is cutting production. And yet, oil prices continue to tumble, weighed by global rec… Read More
Sanaa, April 7 (IANS) A crude tanker chartered by the UN has departed from the Chinese port city Zhoushan to assist in unloading crude oil from a floating supertanker off the coast of Yemen… Read More
Author:
AFP
article author:
AFP
ID:
1678384125541709100
Thu, 2023-03-09 17:36
UNITED NATIONS: The United Nations said Thursday it had bought a s… Read More
Take a fleet of tankers, add a high-stakes merger plan, mix in a big personality or two and season with founding-family pride. It’s a time-honored recipe for the kind of messy busines… Read More
The crude oil carriers market is expected to register a CAGR of over 2.5% during the forecast period.– Crude oil carriers or tankers are specialized ships, build to carry hydrocarbon l… Read More
Virgin Orbit: Stock prices fell by 13.99% as the satellite launch service company failed to launch to reach orbit outside the United Kingdom for the first time. It was the sixth launch and s… Read More
What’s bad for China is bad for ocean shipping stocks. China is pivotal to tanker and dry bulk demand, as well as to containerized cargo flows.
Analysts have been touting the reope… Read More
The European Union’s ban on imports of Russian crude is now less than five weeks away. As the clock ticks down to the Dec. 5 deadline, crude tanker owners expect trade dislocations fr… Read More
The crude oil carriers market is expected to grow at a CAGR of more than 2.5% during the forecast period. Crude oil carriers or tankers are specialized ships, build to carry hydrocarbon liqu… Read More
Stocks of container and dry bulk shipowners took a beating this summer. Tanker stocks continued their ascent, with many U.S.-listed tanker owners hitting fresh 52-week highs on Tuesday.
T… Read More
Is the shift in global crude flows due to the Ukraine-Russia war a fleeting event or the start of a new era?
At first, many market watchers and investors viewed it as short-lived. It now… Read More
By Alex Longley and John Martens (Bloomberg) — Two shipping magnates are battling over the creation of the world’s largest publicly listed oil tanker company. On Frida… Read More
“Could I be a little bit provocative here?” asked Hugo De Stoop, the CEO of listed tanker giant Euronav- the NYSE listed owner Euronav, one of a handful of participants Read More