Tankers
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Singapore police investigate Hin Leong’s downfall
The Singapore Police Force has opened an investigation into the decline and fall of Hin Leong Trading, a huge oil…
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KNOT Offshore Partners extends aframax charter with Eni
KNOT Offshore Partners has announced that Eni Trading and Shipping has exercised two of its one-year options to extend the…
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JIC Leasing enters shipping with Dingheng chemical tanker sale and leaseback deal
Chinese chemical tanker operator Dingheng Shipping has completed a sale and leaseback deal for a 2010-built chemical tanker in its…
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Hin Leong and Ocean Tankers seek court protection in Singapore
One of the biggest names in Singapore oil circles has sought court protection. Trading firm Hin Leong and subsidiary Ocean…
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Maersk Tankers offloads MR1 to Waruna
Denmark’s Maersk Tankers has continued to sell down its fleet with the sale of 2004-built MR1 tanker . Multiple shipbroking…
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Lundqvist returns to Sumitomo
Aframax specialist Lundqvist Rederierna has returned to Sumitomo Heavy Industries in Japan. Brokers report the Finnish owner has ordered another…
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Wah Kwong boss hails financial resilience of shipping during the coronavirus crisis
William Fairclough, the managing director of Hong Kong shipowner Wah Kwong Maritime Transport Holdings, has hailed the financial resilience of…
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Klaveness Combination Carriers increases tanker market coverage with new charter
Klaveness Combination Carriers (KCC) has announced that one of its Cleanbu vessels has been fixed on a three to six…
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Weekly Broker: Global Lockdown puts a clamp on sales
The Global Lockdown – as the International Monetary Fund has termed this year’s recession – has also put the brakes…
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Product tanker captured by Iranians reignites Hormuz security concerns
A Hong Kong-flagged handy product tanker at anchorage in Fujairah was boarded by armed men yesterday and told to head…
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Great Lockdown set to be worst recession since the Great Depression: IMF
The International Monetary Fund (IMF) has warned the recession sparked by the coronavirus is on track to be the worst…
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Two horsemen of the apocalypse
It’s too late to buy that VLCC. It’s far too late to sell anything, but you might want to try…
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Euronav confirms suezmax sale
Belgian tanker owner Euronav has confirmed earlier broker reports that it has sold the 2001-built 160,044 dwt suezmax tanker ,…
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Tanker analysts turn bearish
Tanker analysts are beginning to turn bearish on prospects for a sector that has been surging for most of the…
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Nasty, brutish, but short; shipping must navigate gaping downside risks to avoid a great depression
A rapid market recovery is dependent on the success of policy responses and failure could be disaster, writes James Frew…
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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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Under pressure Hin Leong Trading holds urgent negotiations with its banks
Singapore oil trading giant Hin Leong Trading has appointed local law firm Rajah & Tann as well as consultancy PwC…
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OPEC+ agrees on record oil production cut
The world’s largest oil producers have agreed to slash production amid plummeting demand thanks to the coronavirus after Mexico finally…
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VLCC takes out pier in Panama
A Hong Kong-flagged VLCC ploughed into a Panamanian petrochemical terminal on Saturday, damaging the pier and puncturing a hole in…
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Hin Leong Trading finances questioned
The Singapore bunkering community is abuzz with speculation that one of the republic’s biggest names has hit severe financial difficulties.…
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