New York-listed crude operators log up to 20% gains on a day when WTI futures bottomed into negative territory.
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But it may not start sailing again until 2021, according to another industry expert
Affinity estimates 200 VLCCs may be used as floating storage in May
Court affidavit reveals embattled bunker trader and tanker owner did not disclose losses over several years.
Oil trader founded by one of Singapore’s richest men reportedly seeking to restructure debts worth $4bn
Handysize rates continue steady decline from late March
Despite the global pandemic, piracy in the region is still an ongoing issue