January 27th, 20200Tanker brokers are reporting that oil exports from Libya have come to near complete standstill. Late last week forces loyal to the Libyan National Army (LNA) began...
January 24th, 20200Sales talk surrounding US investment fund Monarch Alternative Capital only ship, the 10-year-old, 320,000 dwt , is creating plenty of chatter among brokers. The ship,...
January 24th, 20200Danish product tanker giant Torm has returned to China’s Guangzhou Shipyard International to order a pair of scrubber-fitted LR2 newbuildings. The vessels will be...
January 24th, 20200The world has a new source of oil from the Caribbean with Guyana exporting its first batch of crude earlier this week and setting out plans to produce 750,000 barrels...
January 23rd, 20200The sale and purchase market was again dominated by tanker sales this past week, while there was also a noticeable pick up in boxship deals on the back of the current...
January 23rd, 20200Southport-headquartered chemical tanker owner Chembulk Tankers has appointed Bart Kellehern as its new CEO, replacing David Ellis who has resigned for personal...
January 22nd, 20200Chinese private energy company Brightoil Petroleum has entered into a major debt restructuring deal with eight Chinese banks. The eight banks are led by ICBC, and...
January 22nd, 20200South Korean shipowner Pan Ocean has placed an order at Hyundai Mipo Dockyard for the construction of four chemical tankers. According to Hyundai Mipo, the total...
January 22nd, 20200The Naples-based Giuseppe Bottiglieri Shipping Company has finally found buyers for all four tankers its in fleet which were put up for sale late in 2018. The four...
January 21st, 20201Giuseppe Mauro Rizzo, former chief executive officer of RBD Armatori, will be co-owner of the newly built Rb-Rd Armatori vehicle, which will take over some of the ships...
January 21st, 20200Shanghai Xiangfa Dangerous Cargo Shipping & Stoarge Company is looking for new investors to restructure the company after it was declared bankrupt by a court in...
January 20th, 20200George Procopiou’s Dynacom Tankers Management has placed an order for four 158,000 dwt suezmaxes at Chinese independent yard New Times Shipbuilding, according to...
January 20th, 20200Danish private equity firm Dee4 Capital Partners, founded last year by Carsten Mortensen and Freddie Lee, has acquired its fifth MR2 according to brokers, just days...
January 16th, 20200Spot rates for the notoriously volatile VLCC sector have tumbled by more than 40% since last Friday, with many analysts warning that the six-digit highs experienced over...
January 16th, 20200The US and China have signed the first phase of a broader trade pact on Wednesday, however analysts aren’t confident it will bring immediate joy for the shipping...
January 16th, 202013Malaysia’s flagship carrier MISC along with Samsung Heavy Industries (SHI), Lloyd’s Register (LR) and MAN Energy Solutions have announced that they will work...
January 16th, 20200The sale and purchase activities for secondhand dry bulk vessels have picked up in the second week of 2020 with bargain hunters out for January sales while tanker...
Tankers
