Advertisement

Feeder vessel: Titan Glory’s valuable cargo

An announcement in May stated that as many as 13 VLCCs (very large crude carriers) had been ordered in the last six months, compared to seven during the same period last year. Low building prices are enticing owners, which is actually unhelpful to the trade as a whole as the new orders threaten the recovery prospects in one of the hardest-hit areas of shipping.

Today’s newbuilding VLCC prices of around $89.5 million are down at levels last seen nine years ago. However, two older VLCCs, Titan Glory and Gemini Glory, having arrived at Rotterdam after discharging crude cargoes from the Arabian Gulf at Antifer and Fawley, were fortunate to secure full cargoes for voyages to Singapore. The 308,491dwt Titan Glory was the first to load, departing Rotterdam on 26 May and arriving in Singapore on 4 July. This voyage will earn her owners around US $3.5 million. The vessel was built by Hyundai Heavy Industries of Ulsen. RC

Ships Montly - January 2024

Irish Ferries moves to sustainable HVO on the Dublin-Holyhead route

Irish Ferries has taken a significant step forward in its commitment to sustainability and innovation with the transition of its Dublin Swift service on the...
Advertisement

Related articles

Irish Ferries moves to sustainable HVO on the Dublin-Holyhead route

Irish Ferries has taken a significant step forward in its commitment to sustainability and innovation with the transition...

Damen signs with İÇDAŞ for local ASD Tug 2813

On 25 March 2025 Damen Shipyards Group signed a contract with İÇDAŞ in Türkiye for the local construction...

WinGD X-EL wins first hybrid integration project for wind-assisted vessels

Swiss marine power company WinGD is to integrate hybrid power and energy systems on four 113,600dwt wind-assisted tankers...

Ships Monthly May 2025 issue out now

The May 2025 issue of Ships Monthly is out now, and is packed with all the usual news...