Tankers
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Weekly Broker: On the rebound
The two dominant nationalities in the world of S&P have clearly decided bargains are there to be had and Splash…
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Eastern Pacific orders suezmax pair at Waigaoqiao
Singapore’s Eastern Pacific Shipping has signed a shipbuilding contract with Shanghai Waigaoqiao Shipbuilding for the construction of two 158,000 dwt…
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AET tipped to be behind Samsung Heavy shuttle tanker trio
Malaysia’s AET is widely tipped to be the Asian owner behind yesterday’s stock market announcement from South Korea’s Samsung Heavy…
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Junzheng Shipping orders chemical tanker pair at Fukuoka
Chinese chemical tanker major Junzheng Shipping has placed an order at Japanese yard Fukuoka Shipbuilding for the construction of two…
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Falcon swoops for Eagle Melbourne MR2
Greece’s Falcon Navigation has acquired 2011-built Japanese MR2 product tanker , according to shipbrokers. According to both Seasure Shipbroking and…
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Waruna continues to accumulate tankers with $8.4m Interorient deal
Indonesia’s Waruna Nusa Sentana continues to add to its fleet, sealing its third deal this year with brokers reporting the…
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Unix Line pleads guilty to ship pollution charges
Singapore-based Unix Line, the primary shi management arm of MOL Chemical Tankers, has pleaded guilty in a federal court in…
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Arbitration backs Ocean Yield in dispute with Okeanis Eco Tankers over VLCC deal
An arbitration tribunal in London has ruled in favour of Ocean Yield, deciding that it was not required to sell…
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Weekly Broker: Failed bulker sales dominate headlines
Tankers trading hands have led the way recently in what has been overall been a muted few weeks for ship…
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Cosco orders chemical tanker pair at Chongqing Chuandong
Chinese state-run shipping conglomerate Cosco has placed an order at Chongqing Chuandong Shipbuilding Industry for the construction of two 13,800…
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Valles orders aframax at Daehan
Having been pruning its fleet of elderly tonnage of late, Hong Kong’s Valles Steamship has decided to make a rare…
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Euronav offloads suezmax tanker
Belgium-based tanker owner Euronav has announced the sale of its 2003-built 150,000 dwt suezmax tanker for a price of $21.8m.…
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Eastern Pacific orders product tanker quartet at Dae Sun
Singapore’s Eastern Pacific Shipping has placed an order at South Korean yard Dae Sun Shipbuilding for the construction of four…
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Top Ships confirms sale of Gunvor joint venture MR tankers
Evangelos Pistiolis-led Top Ships has confirmed the sale of two MR2 tankers owned by the company in a 50-50 joint…
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Weekly Broker: The bottom of the market
The ongoing doldrums in both the dry bulk and tanker market has failed to curb the appetite of buyers in…
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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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