Tankers
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O K Lim charged with forgery
Lim Oon Kuin, founder of Singapore oil firm Hin Leong Trading, was charged in a Singapore court on Friday with…
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Xihe Holdings placed under judicial management
The Singapore High Court has ruled to place Xihe Holdings and four of its subsidiaries, owned by Hin Leong founder…
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Iran accused of taking over tanker off Khorfakkan
Iranian special forces stand accused once again of taking a foreign commercial vessel hostage. The US military published a video…
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Xihe engages V.Group to manage 16 tankers
Singapore-based tanker owner Xihe Group has appointed V.Group as the technical manager of 16 vessels in its tanker fleet. Xihe,…
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Weekly Broker: Waiting for a pick up
Over all it’s been a quiet week in the secondhand ship sale scene, despite many candidates being placed in the…
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Japanese owner behind Hyundai Mipo tanker order
Japanese owners are believed to be behind an order Hyundai Mipo Dockyard has secured for the construction of two 50,000…
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MOL offloads VLCC
Mitsui OSK Lines (MOL) 30-ship strong VLCC arm has let go of the 15-year-old for around $27m. The sale of…
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CSSC Shipping enters sale and leaseback deal with Goldwin Shipping for tanker pair
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has announced that it has entered into sale and…
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Euronav: Crew change crunch is shipping’s ‘largest ever humanitarian and logistical crisis’
Belgian tanker giant Euronav announced its interim results today, and spent plenty of time discussing the crew change crunch. In…
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Weekly Broker: Strengthening dry bulk scene attracts buyers
It has been a strong week for the bulker S&P market with ample completed transactions as the dry bulk chartering…
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K Line to slash fleet to stem red ink
Kawasaki Kisen Kaisha (K Line) is taking drastic action as it fights to contain red ink stemming from the effects…
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SK Shipping acquires Sinokor VLCC quartet
South Korean owner SK Shipping has taken over four VLCCs from compatriot owner Sinokor in an en bloc deal. Multiple…
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Triple tanker order salvation for STX
They might be small at just 6,600 dwt each, but in the big picture the three newbuild contracts announced from…
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Pillarstone and DeA Capital take control of Perseveranza fleet
The debt restructuring of Naples-based Perseveranza di Navigazione has come to an end. The procedure was related to non-performing loans…
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Xihe Group puts new management in place
Singapore-based tanker owner Xihe Group has put a new leadership team in charge as part of an agreement with banks…
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Weekly Broker: Dry bulk bottoms out
Dry bulk looks like it has finally bottomed out this week, but owners have been slow to follow up with…
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Ardmore Shipping brings in pair of MR tankers
Irish owner Ardmore Shipping has expanded its tanker fleet with the acquisition of one tanker and the chartering in of…
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Lomar’s CEO dies, aged 56
Achim Boehme, the CEO of Lomar Shipping, died from cancer over the weekend, aged 56, at his home in Bremen.…
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China’s worst floods for 100 years impacting tanker trades
China’s worst floods for 100 years are having a significant impact on the tanker trades. The country has been battered by…
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Chinese port congestion approaching record levels
Chinese port congestion is approaching record levels thanks to rampant demand, dire weather and slower operations because of Covid-19 protocols.…
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