Tankers
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New Diamond VLCC blaze extinguished
The fire onboard New Shipping’s VLCC off Sri Lanka’s eastern waters was finally extinguished, nearly 79 hours after the incident…
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Sovcomflot sells aframax tanker
Russian state-run shipping major Sovcomflot has sold its 2002-built aframax tanker to UAE-based Khor Al Zubair Shipping. Both Clarksons and…
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Gulf Navigation shuffles management
UAE-based Gulf Navigation has had a management shuffle. Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan has been appointed chairman…
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Erik Thun appoints new chairman
Low-key Swedish shipowner Erik Thun has appointed prominent executive Margareta Alestig as its new chairman. Alestig is the deputy managing…
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Blazing fully laden VLCC towed away from Sri Lankan coastline
Naval ships and airplanes from India, Sri Lanka and Russia continue to douse the blaze on the fully laden VLCC…
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US blacklists another 11 companies for facilitating Iranian petrochemical shipments
The US government has added another 11 companies to its sanctions blacklist for allegedly facilitating Iranian exports of petrochemical products…
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Crew evacuates laden VLCC off Sri Lanka as fire erupts
The crew of the laden Panamanian-flagged VLCC have evacuated into life rafts off Sri Lanka after a fire in the…
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Robert Maersk Uggla hits out at month-long refugee crisis on the Maersk Etienne
Robert Maersk Uggla, the CEO of A.P. Moller Holding, has today decried the “terrible precedent” set by European governments for…
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FSL Trust seals Chinese leasing deal for LR2 pair
Singapore’s First Ship Lease Trust has sealed a deal with a Chinese leasing company for the sale and leaseback of…
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Weekly Broker: Back to school, back to market
It’s been a fruitful week for both the bulker and tanker sale and purchase markets. Despite the uninspiring performance seen…
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Grupo TMM appoints Vanessa Serrano Cuevas as its new CEO
Mexican shipowning and logistics company Grupo TMM has appointed Vanessa Serrano Cuevas as its new chief executive officer, effective immediately.…
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Authorities plan to take oil off damaged Venezuelan FSO
Authorities from both Trinidad and Tobago and Venezuela are planning to transfer the oil cargo the damaged Venezuelan to another…
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Hin Leong fraud case steps up as judicial managers seek to recover $3.5bn
The founder of Hin Leong Trading, OK Lim, and his two children, are being sued by the company’s judicial manager,…
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John Fredriksen appoints new Seatankers CEO
John Fredriksen has appointed Tor Andre Svelland as the CEO of his family holding company Seatankers. Svelland, 53, heads UK-based…
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Stolt Tankers seals quintuple chemical tanker acquisition
Oslo-listed Stolt-Nielsen announced today that subsidiary Stolt Tankers has agreed to acquire five chemical tankers from Chemical Transportation Group (CTG)…
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Perenco finds buyer for ageing VLCC
French oil and gas player Perenco has finalised an asset play, a rare move by the vintage tanker specialist. In…
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US seizes websites of Iranian fuel traders
The Justice Department of the US has announced the seizure of three websites used by three Irianian companies Mobin International, Sohar…
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Huizhou Huayi Rongsheng orders chemical tanker pair
Chinese domestic tanker owner Huizhou Huayi Rongsheng Shipping has placed an order at China Merchant Jinling Dingheng Shipbuilding for the…
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Bangladesh Shipping Corporation set for substantial fleet growth
State-owned shipowner Bangladesh Shipping Corporation (BSC) plans to add six ships to its fleet, reports local news media The Financial…
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Nisshin Shipping fixes charters with Clearlake for newbuild tanker pair
Japanese owner Nisshin Shipping has fixed charters for two newbuild 50,000 dwt product tankers it recently ordered at Hyundai Mipo…
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