Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free.
Rates for very large crude carriers (VLCCs) on key Asian routes
Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo
OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.
The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share
Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel.
Airlines in Asia-Pacific are holding off from hedging their