Fearntank is able to offer a large and competent team of experienced shipbrokers able to provide a broad spectrum of professional services to our clients.Among these services are spot chartering of clean and dirty tankers, period chartering and all types of tanker projects involving long term employment world wide, and a comprehensive information service which provides up-to-the-minute data on the state of the tanker market. We conclude deals between oilcompanies,traders and shipowners all over the world and are maintaining personal relationships in various places through our offices abroad.
All of the commercial transactions executed by Fearntank are followed up by a capable team of operations specialists, thus ensuring that both charterers and owners receive all of the information to which they are entitled. At the present time, Fearntank concentrates primarily on product tankers from 20.000 dwt up to 115.000 dwt and crude oil tankers from 47.000 dwt up to 300.000 dwt.
Fearntank enjoy being a division of a large brokinghouse and have access to a whole range of information and are at all times able to service our clients with the latest updated information of what is going on in the tanker market. Fearntank cooperates closely with the reaserch division consisting of a proffesional team of consultants who at all times are able to supply a comprehensive and detailed situation of the market and not the least an outlook on the market going forward.
Fearntank has it own quality system in place which ensures that we work in accordance of what is expected of a first class tanker broker.
Despite relatively healthy volumes for both Meg and Wafr/East for April, it has not been sufficient to aid the struggling rate levels for VLCC’s. To the contrary, they have even softened a tad. Earnings around $5-7k/d...