This is calculated by adding the 10% increase in stock price to the 3% dividend. Very large crude carriers (VLCCs) are a large tanker ship that transports crude oil and other liquids. VLCCs were ...

driven by a steep rise in orders for very large crude carriers (VLCC), according to shipping organization BIMCO.In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m ...

The Ukrainian government has accused the tanker of being involved in the export of Russian oil/oil products from the port of ...

Depending upon the size, capacity, and operational expenses, it is common for very-large crude carriers (VLCC) and ultra-large crude carriers (ULCC) to generate daily profits of $100,000 or more ...

The UN outlined that the 'replacement vessel' is expected to arrive in early May. Euronav NV has announced that it has signed an agreement with the United Nations (UN) to sell a Very Large Crude ...

As U.S. production of crude oil continues to climb towards its pre-pandemic production levels of 13 million barrels a day—a welcome development given high gas prices—the need for new ...

U.S. crude exports to Asia are loaded on very large crude carriers (VLCCs; tankers that carry 2 million barrels) via ship-to-ship transfers in the U.S. Gulf. VLCCs are too large to transit either ...

Shipping rates for supertankers have recently shot up above $100,000 a day as the market for very large crude carriers (VLCC) tightens and Chinese oil demand rises. Chinese refiners are ...

In a press release earlier last year, the company announced it would sell its five oldest VLCCs (very large crude carriers), built in 2009 and 2010, for an aggregate net sale price of $290 million.

Four VLCCs (Very Large Crude Oil Carriers), one Aframax tanker and four medium-range tankers are being built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea.