Onassis Foundation-controlled Olympic Shipping head reflected on latest geopolitical developments shaping the tanker market ...

A Greek VLCC has left Scotland after six years of operating as an oil storage vessel. The 299,000-dwt Australis (built 2003), ...

Should the Trump administration go ahead with the proposed scheme, brokers expect it could lead to a two-tier VLCC market, ...

Spare production capacity is expected to be utilized soon. Currently, the global VLCC market consists of approximately 906 ships, 18 of which are already being used for floating storage.

The shift is likely due to their ability to discharge oil at shallower Chinese berths. Read more at straitstimes.com.

Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned ... marine services provided by the Company and owns a ship-to-ship transfer business that performs full ...