Latest News for: Products tanker


Opec’s move to keep a lid on crude exports hits oil tanker business

The National 06 Mar 2021
Opec+’s surprise move to keep a lid on crude exports is hitting oil tanker owners afresh ... For months now, the tanker market has been plagued by an oversupply of ships, a lack of volume sailing at sea as Opec+ keeps a strict lid on production, and a huge unwinding of vessels that had been storing cargoes.

Matthias Schoeller Named CoManaging Director at United Product Tankers

The Maritime Executive 05 Mar 2021
UPT United Product Tankers GmbH & Co ... Matthias A. Schoeller will succeed as co-Managing Director of UPT together with Christos Matarangas, who has been at the helm of UPT for over a decade already. UPT, founded in 2003, is a well-known commercial and pool operator of product tankers in the Handy, MR and LR1/Panamax segments.

Surprise OPEC+ Cuts Rollover Depresses Already Weak Oil Tanker Market

Oil Price 05 Mar 2021
Oil tanker owners and shipbrokers are set to suffer longer than expected from the massive OPEC+ production ...

G E Shipping contracts to buy a secondhand Supramax bulk carrier

Yahoo Daily News 04 Mar 2021
Read full article ... Excluding this, the theshipping company's current fleet stands at 46 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers with an average age of 11.77 years aggregating 3.69 million deadweight tonnage (dwt) ... dry bulk carriers and tankers. Source. ... 1 ... 2 ... 3 ... 4.

United Product Tankers appoints new managing director

Splash24/7 03 Mar 2021
Germany’s tanker operator United Product ... UPT is a commercial and pool operator product tankers in the handy, MR and LR1/panamax segments.

FSL Trust offloads product tanker

Splash24/7 02 Mar 2021
Singapore’s FSL Trust Management has sealed a deal to sell its 2007-built MR product tanker FSL Osaka.