Tankers
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Government report suggests Russian crude output peaked in 2019
A draft document from the Russian Energy Ministry has been the subject of considerable comment in recent days with strong…
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Euronav seals $95m green financing deal
Belgian tanker giant Euronav has inked a deal for a €80m ($95m) unsecured sustainability linked revolving credit facility, taking its…
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Shipping celebrates best Q1 since 2008
Shipping has enjoyed its best Q1 since before the global financial crisis, with the second quarter on track to post…
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Greek shipping magnate John Angelicoussis passes away
John Angelicoussis, Greece’s largest shipowner in dwt terms, died on Saturday at a hospital in Athens, 20 days after suffering…
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Sri Lanka files $17.38m claim against Greek owner of New Diamond VLCC
Sri Lanka on Friday filed a claim for $17.38m with the Greek owner of a VLCC that caught fire and…
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European shortsea fleet in urgent need of replacement
Hamburg shipbrokers Toepfer Transport have started issuing regular European shortsea reports. Among key takeaways from the first 14-page report, published…
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Stena Bulk sets 2050 net zero target
Swedish shipowner Stena Bulk has rolled out a set of five dated decarbonisation targets aiming to become a net zero…
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Eastern Pacific behind OSG product tanker deal
Idan Ofer’s Eastern Pacific Shipping has added another vessel to its fleet with the acquisition of Overseas Shipholding Group’s 2019-built…
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Iran frees Korean chemical tanker
Iran has finally released the , a South Korean tanker and its captain today. The ship had been detained since…
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Oil tanker and bulk carrier collide off Cavite City
An oil tanker and dry bulk ship collided in waters off Cavite City, the Philippine Coast Guard (PCG) said Thursday.…
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Stolt Tankers trials biofuel on Atlantic crossing
Stolt-Nielsen subsidiary Stolt Tankers is teaming up with alternative fuels pioneer GoodFuels to test the use of marine biofuel. The…
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Tankers: Calling the rebound
After a year of extremes, how, where and when a recovery materialises are the questions that preoccupy owners, writes Tim…
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MOL’s new boss outlines priorities
Mitsui OSK Lines’s (MOL) new boss, Takeshi Hashimoto, has outlined his priorities for the coming decade on assuming the presidency…
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KSOE bags $292m in newbuild orders
Korea Shipbuilding & Offshore Engineering (KSOE) has, through its Hyundai business units, secured newbuild orders worth close to KRW330bn ($292m).…
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International Seaways acquires Diamond S Shipping
Wall Street is losing another shipping stock with US tanker owners International Seaways and Diamond S Shipping agreeing to merge…
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Grindrod offloads tanker trio to increase focus on bulkers
Singapore-headquartered Grindrod Shipping Holdings has announced the sale of three tankers via two separate transactions. The 2013-built MR2 tankers Leopard…
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LR3s set to become a scarce sight on the ocean
LR3s – or coated suezmaxes – are nearing extinction. According to Alphatanker, there are currently just 26 afloat and no…
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Island Navigation in for STX product tanker
Founding members of the Hong Kong Shipowners Association have a history of nurturing yards, whether originally in Japan in the…
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Fire rips through Indonesian refinery
A massive fire ripped through one of Indonesia’s largest oil refineries today. An explosion at a tank at Pertamina’s Balongan…
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Iran shifts oil exports to the Gulf of Oman
In a massive strategic shift for its oil exports, Iran is to funnel much of its crude via a new…
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