India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in the tanker market. In its latest weekly report, shipbroker Gibson said that “like most nations, Indian oil demand has come under considerable pressure in 2020 as covid-19...

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A decommissioned FSO that was sold to a Bangladeshi breaker for scrap is now anchored off Mumbai, awaiting news on her final resting place. The Radiant, ex name Jesslyn Natuna, is a 1983-built FSO previously flagged and operated in Indonesia. In 2018, ater she ceased...

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Capesize The Capesize market was grasping for a bullish story this week as a possible mid-week rally fell flat. Following that, rates collapsed down to $15,550 on the Capesize 5TC, a drop of $3,199 for the week. Positive news of Vale’s increased production in the last...

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Seven indirect wholly-owned subsidiaries of OOIL respectively entered into the shipbuilding contracts with Dalian Cosco KHI Ship Engineering for the construction of four vessels at a cost of $157.71m each and Nantong Cosco KHI Ship Engineering for three vessels at a...

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