Tankers
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Ningbo Marine secures approval for tanker operations
Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Maritime allowing the company to…
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Ardmore rejects ‘highly opportunistic’ Hafnia takeover offer
BW Group’s product tanker arm Hafnia revealed that it has proposed a combination with New York-listed product tanker owner Ardmore…
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KNOT seals suezmax charter deal with PetroChina
Knutsen NYK Offshore Tankers (KNOT), a joint venture between NYK and Knutsen, has concluded a 10-year time charter contract with PetroChina…
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D’Amico offloads product tanker pair
D’Amico International Shipping, via subsidiary d’Amico Tankers, has agreed the sale of 2005-built MR product tanker pair and for $12.95m each. Delivery…
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When will shipping volumes return to 2019 levels?
When – if at all – will shipping volumes return to 2019 levels for the container, dry bulk and tanker…
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Floating storage play is unwinding but effects are far from over
A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in the…
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ICBC Leasing acquires newbuild LR2 tanker from Andromeda Shipping
Chinese leasing house ICBC Financial Leasing has acquired the 114,000 dwt LR2 tanker Lake Star from Monaco-based owner Andromeda Shipping.…
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Weekly Broker: Contrasting fortunes
The dry bulk S&P market maintained a healthy volume of transactions for yet another week with increasing interests across all…
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Knutsen NYK Offshore Tankers orders suezmax for PetroChina charter
Norway’s Knutsen NYK Offshore Tankers (KNOT) has placed an order at China’s Cosco Shipping Heavy Industry for the construction of…
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Product tanker valuations nosedive
While product tanker earnings soared in the first half of 2020, sale and purchase activity in the sector has slowed…
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Sansho Kaiun orders product tanker pair at Usuki Shipyard
Japanese tanker owner Sansho Kaiun has placed an order at compatriot shipyard Usuki for the construction of two 19,700 dwt…
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BULL: Indonesia’s fastest growing owner
As of this week the fleet of fast growing Indonesian tanker owner PT Buana Lintas Lautan (BULL) will number 33…
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Indonesian shipping boss detained over bribery charges
Taufik Agustono, the president director of shipping company, PT Humpuss Transportasi Kimia, has been detained by anti-corruption authorities in Indonesia…
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BULL readies dry bulk entry
One of the fastest growing shipowners in Indonesia is readying an entry into the dry bulk trades. PT Buana Lintas…
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DHT seals new VLCC charter, while another is cancelled due to delays
New York-listed VLCC tanker owner DHT Holdings has revealed a charter for one of its VLCCs has been cancelled, while…
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What keeps me up at night
Concluding our series looking at issues shipping faces thanks to Covid-19, Graham Porter, the chairman of Tiger Group Investments, writes…
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Chemical tanker owners build pricing power
Researchers at Singapore-based Eastport Maritime are predicting chemical tanker owners are set to have greater pricing power thanks to all…
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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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