Tankers
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Seacon in for chemical tanker at Wuhu
China’s Seacon Shipping has moved to further expand its footprint in the tanker segment by adding another chemical carrier newbuilding…
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CMB on home straight with Euronav stake now above 88%
Following the closing of the Euronav takeover bid, the Saverys family-controlled Compagnie Maritime Belge (CMB) effectively controls 88.61% of the…
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US blacklists tanker linked to Houthi financial supporter
The US Department of the Treasury’s Office of Foreign Assets Control has blacklisted a tanker for transferring oil linked to…
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Vintage VLCC prices drop
Prices for modern and newbuild VLCCs might be at historic highs, but the appetite for vintage supertankers has cooled significantly…
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Vafias spin-off C3is faces Nasdaq delisting
Harry Vafias-backed spin-off C3is is grappling with the risk of being delisted from Nasdaq after receiving a staff determination letter…
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Houthis vow to extend attacks deeper into the Indian Ocean
Another ship has been damaged by the Houthis, who now claim to have hypersonic missiles in their armoury and will…
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US court rules in favour of CMB’s takeover of Euronav
The Saverys family-controlled Compagnie Maritime Belge (CMB) has cleared the first obstacle for the takeover of Euronav set by US…
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Jones Act leasing business launched by Libra subsidiary
Seapath, part of Libra Group, has launched a Jones Act leasing business with $25m of initial transactions already concluded. Seapath’s…
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Greek owners sign up for more suezmaxes
Greek appetite for newbuild tanker tonnage remains high, with more orders coming from the suezmax segment. George Economou’s Cardiff Marine…
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Ray Car Carriers forks out $520m on four VLCC newbuilds
Ray Car Carriers has joined the rush for supertanker tonnage by signing up to build four VLCCs in South Korea.…
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Performance Shipping locks away LR2 newbuilds in $170m deal with Clearlake
Greece’s Performance Shipping has secured employment for three of its ships under construction with Clearlake Shipping, a subsidiary of commodity…
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Union Maritime taps wind-assisted propulsion for LR2 newbuilds
UK shipowner Union Maritime has moved to fit two of its LR2 tankers under construction in China with BAR Tech…
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Filipino crew head home from tanker seized by Iran
Iran is releasing all the remaining crewmembers of the Greek-owned tanker St Nikolas, which was seized by Iranian military forces…
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BW Group to sell partial stake in DHT Holdings for $83m
Singapore’s BW Group has decided to put up for sale some 7.48m shares of New York-listed tanker giant DHT Holdings…
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D’amico gets rid of its oldest tanker for $27.4m
Italian owner d’Amico International Shipping has sold its 47,162 dwt MR product tanker vessel Glenda Melanie for a consideration of…
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Russian crude exports seen peaking as sanctions hit home
Efforts by regulators in the US, Britain and the European Union to engage more directly with shipowners and service providers…
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Latsco contracts four LR2s in South Korea
Greece’s Latsco Shipping has booked four LR2 tankers at Hyundai Mipo Dockyard in South Korea. Industry sources have identified the…
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Shipping warned sanctions inflation is running ‘red hot’
The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data…
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Capsized barge stops spilling oil off Tobago
The oil spill from a capsized barge near the Caribbean island of Tobago has stopped. Trinidad and Tobago’s government said…
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Crude tanker newbuild contracting jumps 490%
In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m dwt, a 490% leap year-on-year,…
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