Tankers
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Weekly Broker: Dry bulk on the run
The decent transaction flow in the second hand bulker sale and purchase market continued for another week with the rates…
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MOL goes on the defensive as it prepares for the post-Covid era, slashing fleet by 5%
Mitsui OSK Lines (MOL), Japan’s largest shipowner by fleet size, has issued a new business plan to cope with slashed…
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Stena Bulk to offer low carbon shipping options
Swedish owner Stena Bulk is set to offer low carbon shipping options to its customers following its recent biofuel trial…
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Performance Shipping fixes aframax to Aramco
Symeon Palios-led Performance Shipping has entered into a time charter contract with Aramco Trading Company for 2011-built aframax . The…
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Hunter Group exercises purchase options on VLCC pair with SFL
John Fredriksen’s SFL Corporation has announced that Arne Fredly’s Hunter Group is exercising purchase options on VLCCs Hunter Atla and…
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Norwegian students make machine learning algorithm breakthrough, beating the cape markets by 10%
Just how much machine learning algorithms can deliver to capesize earnings has been quantified in a landmark new piece of…
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Hafnia responds to Diamond S and Norden’s nuptials
Hafnia has passed comment on one of this week’s biggest news items – the creation of a mega MR pool…
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The future of chartering
New chartering platforms with bold transformative claims have been making plenty of headlines over the last couple of years. To…
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MISC chairman resigns less than three weeks after appointment
Malaysian national shipping company MISC has announced that the group’s chairman Tan Sri Noh Omar has resigned, less than three…
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Weekly Broker: Bulkers lead the pack
The dry bulk sale and purchase market has seen a pick-up in activities in line with the soaring Baltic Dry…
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Court approves Agritrade Resources debt restructuring
Hong Kong-listed Agritrade Resources has announced that the Supreme Court of Bermuda has permitted the board to work with joint…
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Norden and Diamond S combine forces
Two of the world’s largest operators of product tankers, Norden and Diamond S Shipping, have created a strategic partnership, DiaNor,…
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Salmar enters suezmax sector with SKS tanker acquisition
Greek tanker owner Salmar Shipping has acquired the 2003-built suezmax tanker from Norwegian owner SKS Tankers, a tanker unit of…
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Euronav lashes ‘lethargic’ international response to the humanitarian crisis at sea
Euronav, one of the world’s largest tanker operators, has hit out at the “lethargic” reaction by many governments around the…
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Aker Capital injects cash into Ocean Yield via joint venture deal
Kjell Inge Røkke’s Aker Capital, the majority shareholder of Ocean Yield, has injected cash into the shipowning company with the…
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Team Tankers to delist
Team Tankers International is convening a special general meeting of shareholders on July 13 to push ahead with plans to…
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Perenco closes in on asset play for its only VLCC
French oil and gas player Perenco is attempting a giant asset play, a rare move by the vintage tanker specialist.…
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Wah Kwong takes next step in shipmanagement drive with Shenzhen office opening
Wah Kwong, a bluechip name in Hong Kong shipowning circles, today takes another stride in its business strategy to serve…
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Weekly Broker: Activity picks up
The secondhand dry bulk sale and purchase market has seen a pickup of activities in the past week with improved…
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Oman Shipping inks $35m green financing deal with Standard Chartered
Oman Shipping Company, part of Asyard Group, has entered into a $35m sustainable financing deal with Standard Chartered Bank. According…
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