WORLD ECONOMY hace 24 días

Shipping Freight Rates Hit All-Time High—Why the Boom Won’t Fade Soon

ClarkSea Index soars to $64,569 per day, 27% above the 2007 peak as tankers, bulkers, and containers rally.

BUSINESS hace 31 días

$83m Aframax Sale Shakes Tanker Market as Aegean Bets Big on VLCCs

Greek owner Aegean Shipping Management sells 2022-built Green Adventure for $83m amid record tanker values.

BUSINESS hace 33 días

$200m VLCC deal shatters tanker market as rates soar beyond $800,000 daily

Dubai’s Onex DMCC pays $20.6m premium for scrubber-fitted 306,000 dwt VLCC Promise, built in China this year

BUSINESS hace 45 días

Tsakos unlocks $100m+ with suezmax sell-off: what’s next for its 26-ship

Greek owner Tsakos Energy Navigation raises over $100m from two 2006-built suezmax sales.

BUSINESS hace 46 días

Lila Global pays $24.5m premium for second suezmax as values soar

The 156,700 dwt Cape Benat joins Lila Global’s fleet for $62.5m, marking a 53% jump on its 2024 sale price.

BUSINESS hace 50 días

Frontline locks in $235m VLCC windfall as rates hit 15-year high

Frontline secures four VLCC charters at up to $120,000 per day, capitalising on a red-hot market.