VLCCs changing hands for very firm prices

The tanker secondhand market segment is boiling despite spot rates dropping in the opening days of 2023. Rusty and semi-modern VLCC’s tonnage are preferred, promising short-term gain to Chinese and Middle Eastern buyers battling for available capacity.

Third Fire Aboard Tanker in Syria Raises New Questions

For the third time in months, Syrian media is reporting a fire and possible explosion aboard a Panama-flagged tanker docked in the port of Lattakia. The somewhat mysterious tanker has at times been linked to the Iranian oil trade and in the spring some reports suggested it was attacked possibly by drones or missiles while anchored off Syria.
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