The Suezmax market is undergoing a profound realignment: major independent shipowners, such as Bergesen d.y., C.Y. Tung and Sanko S.S. have exited the Suezmax market over the course of the last ...

Suezmax earnings in the Mediterranean have hit their highest level for over a year as more Kazakh oil was loaded in the Black ...

An International Seaways suezmax is the latest to help diversify sources of crude imports for the massive new Dangote ...

TEN (NYSE:TEN) said Tuesday it agreed to the construction of nine DP2 Suezmax shuttle tankers with 15-year employment contracts for Petrobras, with gross revenues from the project expected at ~$2B.

TEN is constructing nine DP2 Suezmax Shuttle Tankers for Petrobras, expected to generate $2.0 billion in revenues. Tsakos Energy Navigation (TEN) has announced plans to construct nine DP2 Suezmax ...

Expected gross revenues at $2.0 billionTEN to become one of the largest independent Shuttle tanker operators ATHENS, Greece, ...

Nordic American Tankers (NAT) announced the expansion of its fleet on Friday as it agreed to buy a 2016-built vessel from a ...

TEN announces the construction of nine DP2 Suezmax Shuttle Tankers with 15-year employment contracts for Petrobras Transporte. The deliveries ...

CEO Herbjorn Hansson said, “As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class ...

The nine-vessel shipbuilding contract is valued at approximately US$1.3Bn, with deliveries scheduled through the end of 2028 ...

Potential upside exists if VLCC and Suezmax rates increase, driven by geopolitical factors and inefficient trading patterns, potentially pushing the stock price to $40. Main risks include economic ...

VLCC TCE Rates (Q4 2024): $35,900 per day. Suezmax TCE Rates (Q4 2024): $33,400 per day. LR2/Aframax TCE Rates (Q4 2024): $26,100 per day. Profit (Q4 2024): $66.7 million or $0.30 per share.