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News

Scandinavian companies modernizing ship operation

Danish Maersk Tankers partners up with Norwegian Klaveness Digital Klaveness Digital has spent three and a half year on developing a cloud-based platform for processing, storing and export of operational...
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Market Report Week 31

Tankers  The year’s 31st week was relatively positive for owners of larger tankers. The rates for both VLCC and Suezmax rose, while the Aframax rates experienced a minor fall. It...
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Market Report Week 29-30

Tankers  The past two weeks have lifted the rates, despite the low season, to acceptable levels for the owners. We do not expect any major upticks before Q4, but the...
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Market Report Week 27-28

Tankers  The spot rate for Aframax continued its correction last week. The latest movement in the oil market is looking very positive for the sector, but it is common that...
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Oil cartel OPEC increases production

Removes production cuts equal to 1 million barrels a day According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts...
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