Tankers
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Italian shipowner arrested over hit and run trawler incident off Sicily
The Italian shipowner Raffaele Brullo, head and founder of the Augusta Due shipping company, has been placed under house arrest…
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2006-built aframax sent for scrap following engine fire
The owners of an aframax that suffered an engine room fire in December have decided the comparatively youthful tanker is…
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Castor Maritime enters tanker sector with double aframax buy
Nasdaq-listed Greek owner Castor Maritime has entered the tanker sector with the acquisition of two 2005-built Korean aframax tankers for…
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LR1s and MR1s becoming ‘niche’ tankers
LR1 tankers, which range in size from 60,000 to 84,999 dwt, and MR1s (34,000 to 40,999 dwt) are fading away.…
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The permutations for shipping of a muted Chinese New Year
The world’s largest human mass migration is a muted affair this year, something that has significant ramifications across many strands…
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What’s in store in the Year of the Ox?
The Lunar New Year is upon us. Something to look forward to, or should we just be relieved the old…
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RightShip debuts new Safety Score
Shipping risk management organisation RightShip debuted its new Safety Score and Platform yesterday. RightShip’s old Qi platform has been made…
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Nanjing Tanker to order four MR tankers at GSI
Nanjing Tanker, a unit of China Merchants Group, has announced a plan to order four 50,000 dwt MR tankers at…
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Vintage VLCC sales proliferate
While a bulker sale has been concluded almost daily in 2021, tanker sales have been rare. A notable upturn was…
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D’Amico buys back product tanker
Dublin-based d’Amico Tankers, a subsidiary of d’Amico International Shipping, has exercised its $9.7m purchase option on 2005-built product tanker which…
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Sizeable chunk of the global VLCC orderbook removed
The global VLCC orderbook has seen a sizeable chunk removed this week. South Korea’s Hyundai Heavy Industries and sister yard…
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Crude tankers racking up large losses
Crude tankers are racking up significant losses. The Baltic Exchange reported yesterday that the TD3 between the Middle East Gulf…
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Tender to scrap 53-year-old tanker
The port authority of Genoa has launched a tender to dismantle the Theodoros, a crumbling 53-year-old tanker that has been…
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Chemikalien Seetransport and Dr. Peters Group form shipmanagement joint venture
German companies Chemikalien Seetransport (CST) and Dr. Peters Group (DPG) have establish a joint venture called CST/DS Shipmanagement to conduct…
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Weekly Broker: Boxships in hot demand
The secondhand bulk S&P market has again seen a bullish week with plenty of en bloc deals completed despite a…
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FSL Trust renews bareboat charters with James Fisher for product tanker quintet
Singapore’s FSL Trust Management has entered into agreements with James Fisher Everard to renew the bareboat charters for five product…
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Iran allows crew of detained Korean tanker to head home
Iran has agreed to allow all bar one of the crew of the South Korean tanker to head home. The…
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Navig8 signs sale and leaseback deal for five chemical tankers with CSSC Shipping
Navig8 Chemical Tankers has entered into agreement with CSSC Shipping for the sale and leaseback of five chemical tankers. Under…
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World’s first ‘carbon-neutral oil’ shipped to India
Oxy Low Carbon Ventures (OLCV), a division of Occidental, has provided details of what it claims is the world’s first…
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SK Shipping orders DSME VLCCs
SK Shipping is being tipped by multiple broking outfits as bagging early delivery slots at Daewoo Shipbuilding & Marine Engineering…
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