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Middle East
Onex takes two Eastmed VLCCs
UAE-based oil trader and storage specialist Onex has emerged as the taker of two vintage Eastern Mediterranean Maritime (Eastmed) VLCCs.…
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Asia
FGAS takes vintage bulker
Sales registers show Hong Kong-based handysize mammoth Pacific Basin has sold the 20-year-old, 31,900 dwt . Splash understand that fast…
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Europe
Pleiades exits dry bulk
Pleiades Shipping has exited dry bulk with the sale of two ultramaxes to Middle Eastern buyers. The Greek outfit has…
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Tankers
Vintage VLCCs find new owners in buoyant market
A large number of cash rich buyers of large tankers are now actively bidding for vintage VLCCs as stunning gains…
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Europe
Sterling takes second BW kamsarmax
Bulker sales are thin on the ground this month. One rare sale however has caught the eye. BW Dry Cargo…
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Asia
Vietnamese stock up on handies
Older bulkers are still popular with Southeast Asian buyers. Tan Binh, a fast growing shipowner from Vietnam, has emerged as…
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Americas
Colonial Navigation lets go of one of its older tankers
New York-based Colonial Navigation has sold one of its older ships, offloading the 2004 -built 51,758 dwt for $11.2m. Equasis’s…
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Europe
Euronav offloads another vintage suezmax
Belgium-based tanker giant Euronav has had its focus on VLCCs this year with plenty of deals announced. This week the…
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Europe
Transmed adds VLCCs
With VLCC rates enjoying extraordinary strength over the past month, interest in secondhand tonnage is also strong. Brokers are seeing…
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Dry Cargo
Supramaxes struggle to sell
Supramaxes used to be among the easiest ships to sell on the secondhand market. No longer. Take for example the…
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Greater China
Royal Marine readies to discharge post-panamax fleet
Low profile Chinese owner Royal Marine Holdings is selling its post-panamaxes. Despite falling prices and Covid-19 , Royal Marine is…
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Middle East
ADNOC quits handysize bulk trades
United Arab Emirates-based Abu Dhabi National Oil and its 77-ship strong shipowning arm ADNOC Logistics & Services has made an…
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Asia
Bashundhara grows fleet with K Line VLGC deal
Bashundhara LP Gas, the LPG subsidiary of the Bangladesh conglomerate Bashundhara Group, has shaken hands with Japan’s K Line to…
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Asia
Eastern Pacific readies ultramax exit
Eastern Pacific Shipping is determined to exit the ultramax sector. Once again it is putting half of its ultra fleet…
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Dry Cargo
Supramax bulker values slide
This week’s broker reports have few dry cargo sales carried, and prices continue to drop. It has just emerged that…
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Asia
Yamamaru Kisen finally offloads supramax
Yamamaru Kisen is attempting to sell a 12-year-old supramax for the third time in six months. Data from VesselsValue shows…
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Greater China
Chinese owners enter cheap cape market
Chinese owners have decided capes are now as cheap as they’re going to get and are diving into the market.…
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Dry Cargo
Cape sales withdrawn from the market
While the cape sector might have picked itself off the floor in terms of spot earnings this week, it remains…
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Greater China
Pacific Basin tipped to have taken another ultramax
Dutch owner Triton Navigation has had more success offloading tonnage, selling its sixth ship in eight months. Shortly after shaking…
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Dry Cargo
Capes struggle to find new owners
After a hefty January with a stream of capes hitting the market and a handful of deals close to completion,…
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