Tankers
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Hammonia Reederei diversifies into tanker sector with resale suezmax acquisition
German owner Hammonia Reederei has diversified into the tanker sector with the acquisition of a resale 157,000 dwt suezmax tanker from…
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Performance Shipping adds another aframax with FSL deal
Greek owner Performance Shipping, formerly Diana Containerships, continues its transformation into a pure-play aframax owner with the addition of another…
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Shipping should shrug off coronavirus but escalation risks supply chain contagion
In the first of a two-part analysis on the impact of the coronavirus, Dr Adam Kent, managing director, MSI looks…
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Modec acquires Aeolos VLCC for FPSO conversion
Japan’s Modec has acquired a 2001-built VLCC from Greek owner Epaminondas Embiricos-controlled Aeolos Management for FPSO conversion. Multiple shipbroking houses…
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Insolvency proceedings initiated against Mercator
Mercator reported another quarter mired in red ink yesterday with more and more creditors calling debts in. Once India’s third…
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Euronav: ‘When the cycle is down we can be opportunistic’
Arguably no sector in shipping is more constantly on a knife edge than the VLCC sector, a segment prone to…
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BP’s new CEO makes sweeping changes in net zero vow
Carol Howle has been tasked by the new boss at BP to take the energy giant’s shipping activities towards net…
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Weekly Broker: Capes bottom out
The bargain hunters made another round of acquisitions this week in the secondhand bulker S&P market with the hope that…
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Euronav acquires three newbuild VLCCs
Belgian tanker owner Euronav has entered into an agreement for the acquisition of three resale VLCC newbuildings, currently completing construction at…
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Coronavirus crude contango sees floating storage stage a comeback
Oil demand destruction from the coronavirus outbreak has sent prompt crude prices lower and flipped the crude market into contango,…
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Odfjell offloads chemical tanker to Taihua for $5m
Norway’s Odfjell Tankers has sold 2000-built small chemical tanker to Hong Kong-based Chinese owner Taihua Ship Management, according to brokers.…
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Waruna continues tanker buying spree
Waruna Nusa Sentana has acquired 2009-built small chemical tanker from China’s Ningbo Donghai Shipping, according to brokers. Seasure Shipbroking and…
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KNOT secures charters with Eni for newbuild shuttle tanker pair
Knutsen NYK Offshore Tankers (KNOT) has been awarded a contract by Eni for the charter of two newbuild LNG fueled…
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Knutsen NYK Offshore Tankers orders aframax pair at DSME
Knutsen NYK Offshore Tankers (KNOT) has entered into shipbuilding contracts with South Korean shipyard DSME for the construction of two…
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Top Ships confirms tanker sales
Greek tanker owner Top Ships has announced the sale of two MR2 product tanker Stenaweco Elegance and Eco Palm Desert…
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Weekly Broker: Capes and falling knives
Dry bulk sentiment plunged in dramatic fashion this week. Capesizes saw a 200% drop in rates in a week to…
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SFL offloads its oldest VLCC
John Fredriksen’s SFL Corporation has announced the sale and delivery of 2002-built VLCC . The sale, to an unrelated third…
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AET suezmax shuttle tanker trio chartered by Petrobras
MISC’s AET has been awarded long-term charter contracts by Brazil’s Petrobras for three suezmax class dynamic positioning shuttle tankers. The…
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Eastern Pacific Shipping makes emissions data public
Idan Ofer’s Eastern Pacific Shipping (EPS) has laid bare its commitment to the decarbonisation of the industry by publishing its…
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Markets take a coronavirus battering
On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index…
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