Tankers aged 15 fetch $28m, up from $22m in November, Clarkson reports
- VLCC spot earnings stabilise as charterers hold back
- Euronav agrees $300m capital increase to help fund purchase of Maersk VLCCs
- Chinese state carriers increase their share of national crude oil imports
Free to read: Industry fears cash buyers are paying prices that market fundamentals...Demolition rates soften on the Indian...
Vessel confirmed sold for $30.2mNew tankers for old as Scorpio offloads...
Fleet shake-up after New York-listed firm booked 50 newbuildings last yearScorship quits Scorpio Group
Prospects of spikes in earnings keep tankers on water rather than going to scrapyardsCMES scraps vintage VLCC without benefit from Beijing subsidy
Xinhui Shuangshui agrees $13.5m cash deal for 22-year-old tanker
Better supply-demand balance boosts prospects for dry bulk this year
But beyond 2014 owners face overcapacity as vessel deliveries rise and scrapping slows
Euronav's latest move displays keen business sense
- Euronav sets up joint venture to buy OSG tankers
- Euronav denies OSG tankers deal
- What next for Euronav?
Brokers report a busy week despite fickle sentiment in the subcontinent
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1543 (63) Baltic Dry Index
Fredriksen firm sells two VLCCs to sidestep an expensive survey
Frontline will pay Ship Finance $90m as compensation for ending charters
Secondhand demand reduces tonnage sold for scrapping
Rates are buoyant as Indian subcontinent breakers stock up on ships
Ardmore reports improved earnings and supply-demand balance
But costs of going public weigh down its third-quarter results