Tankers
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PetroChina swings to $2.3bn Q1 loss and Shell cuts dividend for first time since 1945
Giving an idea of the tough times ahead for international energy majors ahead this year, PetroChina yesterday revealed a net…
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BoComm Leasing confirms order for 12 LR2 tankers at CSSC for Shell charter
BoComm Financial Leasing, the leasing arm of Bank of Communiciations, has entered into shipbuilding contracts with two CSSC yards for…
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Splash Extra: Chinese ship leasing feels the heat
The precarious state of many Chinese ship leasing houses – and their heavy exposure to the troubled aviation sector –…
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BP’s Q1 results illustrate offshore’s predicament
BP reported Q1 figures yesterday with the oil major warning it will slash its group capital expenditure program by 25%…
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Hafnia to list on Oslo Børs tomorrow
Hafnia, the product tanker arm of the BW Group, has received approval from Oslo Børs to transfer its listing from…
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Klaveness Combination Carriers seals caustic soda COA extension
Klaveness Combination Carriers (KCC) has extended one of its contracts of affreightment (COA) for the shipment of caustic soda. KCC…
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Advantage Tankers snaps up China VLCC trio
Geneva-based Advantage Tankers has acquired a trio of Chinese-built tankers from China VLCC, according to brokers. According to both Advanced…
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Top Ships and Gunvor partner up on MR product tanker pair
Top Ships has shelled out $27m to a company affiliated with CEO Evangelos Pistiolis for a 50% interest in two…
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Dynacom takes NYK VLCC
Greek owner George Procopiou’s Dynacom Tankers has acquired the 2005-built VLCC Takasaki from Japanese owner NYK. According to Clarksons report,…
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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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Hafnia to move onto the Oslo Stock Exchange
Hafnia, the product tanker arm of the BW Group, has applied to the Oslo Børs to transfer its listing from…
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Lim family steps away from debt-laden Hin Leong
Accounting firm PwC is set to become the interim judicial manager of Hin Leong Trading with founder O K Lim…
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Finbeta starts fleet renewal with chemical tanker addition
Savona-based Finbeta, the shipping company headed by the Bertani family but controlled by investment fund Express Holding, has started its…
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NYK orders VLCC at NACKS
Japanese owner Nippon Yusen Kabushiki Kaisha (NYK) has placed an order at China’s Nantong Cosco KHI Ship Engineering (NACKS) for…
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Tanker rates soar across the board
Tanker rates leapt yesterday across the board with floating storage bookings soaring. VLCCs are now earning more than $200,000 a…
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Clarksons warns seaborne trade could contract by 5% in 2020, the largest decline for over 35 years
Clarksons Research has published updated guidance on the potential shipping downside brought about by the spread of coronavirus, warning seaborne…
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Euronav sells VLCC to Altomare
Belgium tanker operator Euronav has sold its 2005-built VLCC to Greek owner Altomare as it continues to optimise its fleet.…
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Kumiai Senpaku orders two tankers at Chengxi Shipyard
Japanese owner Kumiai Senpaku has returned to CSSC Chengxi Shipyard to order one 37,000 dwt asphalt tanker and one 50,000…
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KSS Line orders methanol-powered tanker for Waterfront Shipping charter
South Korean owner KSS Line has placed an order at domestic yard Hyundai Mipo for the construction of a 50,000…
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Shipowners dream of being paid to bunker their ships as oil prices turn negative
Shipowners dreamt last night of being paid to bunker their ships as the most extraordinary plummet in oil prices in…
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