Tankers
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Q2 ship orders lowest this decade
The remarkably turbulent confluence of jittery shipping markets, tense geopolitics, encroaching environmental regulations and a slowing global economy saw recorded…
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Sinokor orders up to four aframaxes at Samsung
South Korean owner Sinokor has placed an order at domestic yard Samsung Heavy Industries for the construction of up to…
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International Andromeda Shipping forks out $100m for LR2 resale pair
Monaco-based International Andromeda Shipping has just inked a deal to purchase a pair of LR2 tankers currently under construction at…
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Nisshin back at Nantong Xiangyu for dual-fuelled tankers
The fleet rejuvenation programme at Japan’s Nisshin Shipping proceeds at pace. Nisshin, which has sold much of its older tonnage…
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UN releases two ships detained for illegal trade with North Korea
South Korea’s foreign ministry has announced that the UN sanctions committee on North Korea has approved the release of two…
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Frontline offloading naphtha from damaged Front Altair
Frontline has deployed the LR2 Front Vega to complete a ship-to-ship transfer (STS) of the naphtha cargo onboard the damaged…
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Unipec spreads its focus to suezmax and aframax segments
Unipec, the world’s dominant dirty spot charterer, has been making waves this year in the suezmax and aframax sectors beyond…
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Hermes fashions $38.7m VLCC deal with Phoenix Tankers
Ghandour Ghassan’s Hermes Marine Management has doubled its fleet with the acquisition of a secondhand VLCC, according to brokers. Seasure…
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Cosco PetroChina Shipping lines up product tanker quartet
Cosco Shipping Energy Transportation has approved a proposal for its 51% owned joint venture, Cosco PetroChina Shipping, to join the…
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Bahri commits to new Saudi yard with VLCC order
Saudi Arabia will soon be able to build VLCCs on home soil. Saudi owner Bahri has signed an MOU with…
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Product tankers to benefit from permanent closure of largest refinery on US east coast
The Atlantic product tanker trades are set for a massive shake-up with news from Philadelphia where the largest oil refinery…
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US narrative on Hormuz attacks questioned
The US narrative that Iran is to blame for the tanker explosions in and around the Strait of Hormuz over…
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Weekly Broker: Dry bulk climbs higher
Positive performances recorded for all bulker segments have pushed the dry bulk index to year-highs this week, and sustained the…
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Oman Shipping books VLCC trio at DSME
Oman Shipping Company (OSC) has placed an order at South Korean yard DSME for the construction of three VLCCs as…
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Splash Extra: Carbon offsetting in vogue
The bumper June issue of Splash Extra launches today packed with news, views and exclusives. The 15-page special takes a…
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PB Tankers files for court protection in Italy
Rome-based PB Tankers has filed for court protection in Italy under the bankruptcy law following the action taken by the…
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Cosco integrates oil shipping assets with PetroChina
Cosco Shipping Energy Transportation, the energy shipping unit of Cosco, has approved a proposal to transfer its shares in two…
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Blaze at largest refinery on the US east coast will spur Atlantic product tanker sector
A huge fire that broke out at America’s largest east coast refinery early on Friday morning is likely to have…
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Carsten Mortensen back with product tanker play
Carsten Mortensen is back, hunting product tanker opportunities with a $100m warchest. The former CEO of both BW and Norden…
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Out with a bang?
Tim Smith from Maritime Strategies International (MSI) on the violence in the Gulf adding to global instability and OPEC anxiety…
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