Tankers
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FSL chemical tanker sold at second attempt
Singapore’s First Ship Lease Trust (FSL) has once again found a buyer for its 15-year-old chemical tanker , which could…
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Hunter offloads entire VLCC fleet for $383m
Norway’s Hunter Group has sold its entire fleet of four very large crude carriers (VLCCs) for $383m. The Oslo-listed firm…
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ADS Maritime moves into the shuttle tanker sector
Terje Bodin Larsen-led ADS Maritime Holding has acquired stakes in four AET shuttle tankers operating in the North Sea under…
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Product tanker rates soar to heights not seen since the start of the pandemic
The product tanker market is looking healthier with each week that passes, with all segments firming up to levels last…
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Moundreas flips aframax for $11m profit
Savvy asset player Nicholas George Moundreas and his NGM Energy continue to score. Sources tell Splash that the Athens-based owner…
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HMM takeover speculation resurfaces as SM Line ups stake
SM Line has spent $646m bolstering its stake in fellow Korean liner HMM, sparking further conjecture of a takeover. HMM,…
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Al Seer Marine buys two VLCCs
Al Seer Marine , part of Abu Dhabi’s International Holding Company (IHC), has acquired two VLCCs, the Twin Castor and…
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Performance Shipping swoops for Maran Tankers aframax
Nasdaq-listed Performance Shipping has expanded its fleet of aframax tankers to six with the purchase of a 2009-built for close…
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China Merchants offloads another ageing VLCC
China Merchants Energy Shipping (CMES) has sold its 17-year-old very large crude carrier to GCC Fuel Supply. The Shanghai-listed energy…
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Sovcomflot finds class and insurance solutions to keep trading internationally
Russian shipping has come up with both domestic and Asian solutions to keep its fleets operating during the ongoing war…
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Fines dished out in USS John S McCain collision case
Stealth Maritime, the Greek tanker outfit controlled by the Vafias family, will have to pay $44.6m in damages over a…
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Vafias takes another suezmax
The S&P market is back to life after Posidonia in Athens grabbed the shipping community’s attention last week. Greek owner…
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Chinese oil imports to decline this year for first time this century: IEA
VLCCs, currently racking up losses of in excess of $20,000 per day, can look to China’s covid battered economy as…
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Iran’s tanker spat with Greece nears conclusion
Iran’s Ports and Maritime Organisation (PMO) said on Tuesday the Iranian-flagged ship seized in April by Greece has been freed…
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Jens Martin Jensen leaves John Fredriksen’s Seatankers for second stint at Athenian Holdings
Jens Martin Jensen has left shipping magnate John Fredriksen’s Seatankers Management and rejoined Kyriakou family-controlled Greek shipowner Athenian Holdings as…
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Shipping shown potential fuel cell retrofit pathway
Norwegian fuel cell developer TECO 2030 launched yesterday a hydrogen-powered tanker concept, Hy-Ekotank, together with partners Ektank, Shell Shipping and…
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Utkilen invests $131m in multifuel newbuilds and LNG retrofits
Norwegian chemical tanker operator Utkilen is investing €125m ($131m) in four multi-fuel newbuilds and the retrofitting of four existing ships…
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Euronav offloads oldest suezmax pair
Belgium-based tanker giant Euronav is reducing the average age of its owned fleet having sold its two oldest suezmax vessels.…
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American Shipping Company clinches long-term employment for tanker pair
Aker-dominated owner of Jones Act compliant tankers, American Shipping Company (AMSC) has struck a long-term bareboat charter deal for two…
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Tufton Oceanic Assets swoops for another product tanker
Tufton Oceanic Assets has expanded its tanker portfolio with another product tanker acquisition. The London-listed fund said the product tanker…
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