Tankers News - Oil, Chemical and Products Tanker Shipping Industry Updates

Tankers

New shipping line established in Zhoushan

April 22nd, 20150 Shanghai: Zhejiang Xinyihai Shipping, a new shipping company, has been established in Zhoushan and will officially start operation on May 1. The company is an...

Tankers

Tankers coming under attack once a fortnight in SE Asian waters

April 22nd, 20150 Singapore: Latest figures from the International Maritime Bureau show ships are being hijacked in Southeast Asian waters on average once a fortnight for the past 12...

Tankers

"World’s largest" conventional buoy mooring system opens in Angola

April 21st, 20150 London: Puma Energy has opened what it says is the “world’s largest” conventional buoy mooring (CBM) system for loading and discharging fuel at its Fishing Port...

Tankers

SEA-Vista gets $300m loan to expand the company

April 21st, 20150 London: SEA-Vista, the joint venture between SEACOR Holdings and Avista Capital Partners, has secured a $300m credit facility that it says will be used to expand the...

Tankers

Near term outlook grim: Sea Asia Global Forum

April 21st, 20150 Singapore: The mood was mixed among panellists at the Sea Asia Global Forum this morning. The lead start to the Singapore exhibition and conference featured shipowners...

Tankers

Oaktree passes threshold for mandatory takeover of Torm

April 21st, 20150 Copenhagen: The path has been cleared for Oaktree Capital to take over Denmark’s Torm. Thus far 92% of shareholders have agreed to Oaktree’s take over plans, far in...

Tankers

Tim Huxley stars on Splash TV: ‘Contrarian’ views on bulker buys

April 20th, 20150 Hong Kong: Tankers look “set fair” in the coming months and the fact bulk carriers have fallen in price so much might make them a decent purchase, says Tim Huxley,...

Tankers

Tanker ordering in first quarter hits eight-year high

April 19th, 20150 London: The positive sentiment surrounding tankers has seen owners rush to place more orders in the past quarter than at any time for the past eight years. British...

Tankers

Suezmax tanker fixtures show more loading in West Africa and the Caribbean

April 17th, 20150 London: Crude-hungry Asian economies and US refiners are diversifying the sources of their crude oil imports - to the benefit of suezmax tankers. During the first...

Tankers

Ultrapetrol suffers impairment loss from failed ship sales

April 17th, 20150 London: Ultrapetrol's former owners have turned down an offer to purchase four vessels from the company, which has incurred an impairment loss for the NASDAQ-quoted...

Tankers

Concern over oil storage shortages

April 17th, 20150 Dubai: Certain parts of the world are facing acute shortages in oil storage, notably China, a port executive from the Middle East has warned. Moreover, rfficient...

Tankers

Capital Product Partners equity offering could raise up to $140.3m

April 16th, 20150 London: After announcing a public offering of 12.8m common units in its limited partnership yesterday, Capital Product Partners says the units will each be sold at a...

Tankers

Navios fixes a VLCC and two MR2 tankers

April 16th, 20150 London: Navios Maritime Acquisition Corp has fixed a VLCC to Shell and two MR2 product tankers on one-year timecharters. The VLCC Nave Galactic (297,200 dwt, built...

Tankers

Capital Product Partners plans equity offering to fund debt repayments

April 15th, 20150 London: Capital Product Partners (CPLP) is planning a public offering of 12.8m common units representing limited partnership interests, from which the proceeds will be...

Tankers

Qatar Navigation in talks with UACC on tanker merger

April 13th, 20151 Doha: Another tanker giant is forming in the Middle East with news Qatar Navigation (Milaha) has opened talks with United Arab Chemical Carriers (UACC) in the United...

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Splash Dash

LNG not shipping’s green panacea, as IEA warns of ‘huge disruption’ over looming 2020 sulphur cap
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that... Apr 19th, 2018 inEnvironment
Sinokor to take over 30 feeder boxships from Vroon
South Korean owner Sinokor Merchant Marine is taking over a fleet of 30 feeder containerships from... Apr 19th, 2018 inContainers
Weekly Broker: En bloc deals dominate
Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after... Apr 19th, 2018 inOperations
Grindrod completes historic sale of its bunker division
South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for... Apr 19th, 2018 inBunkering
Lessons for effective and sustainable safety communications in the logistics industry
Des McGowan from Insync ponders whether we should focus on safety compliance or safety... Apr 19th, 2018 inContributions
International Transport Forum calls for greater, more harmonised use of port-based incentives
Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain... Apr 18th, 2018 inEnvironment

Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm

New Italian line launched

CMA CGM takes 25% stake in CEVA Logistics

RINA Services CEO Michele Francioni resigns

Mexico slaps 30-month ban on Odebrecht because of corrupt dealings with Pemex

Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm

Ben Ognibene returns with new tanker platform Concord Maritime

Rowan Companies awarded contracts for drillship and jackup pair

Egypt to keep ports open 24 hours a day

S’hail Shipping secures $19.2m loan from Qatar Development Bank

Gulf Marine Services secures long-term vessel contract

Bahrain reveals its biggest oil find

Vinalines continues to offload vessels

Sinokor to take over 30 feeder boxships from Vroon

EMAS Offshore gets Oslo Børs reprieve

Explosion rocks offshore survey vessel off Malaysia, one missing

Court to auction Hanjin stake in Chinese yard

Key Noble shareholder attacks top management

Chinese owner thrives on Germ growth

China to lift foreign ownership restrictions for shipbuilding

Bahri inking deal for up to 10 VLCCs with Hyundai Heavy