Tankers
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Konig & Cie suezmaxes recirculated for sale
Banks are recirculating four suezmaxes that belong to Germany’s Konig & Cie. The 159,200 dwt Cape Bonny, Cape Bari, Cape…
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Per Ekmann appointed CEO of Uni-Tankers
Danish tanker owner Uni-Tankers, part of Torben Østergaard-Nielsen’s United Shipping & Trading Company, has appointed Per Ekmann as its new…
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Wilmar named as buyer of Odfjell chemical tanker pair
Singapore’s Wilmar continues to grow its tanker fleet, snapping up a pair of 9,000 dwt small chemical tankers from Bergen-headquartered…
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Moundreas makes tidy profit from VLCC asset play
Nicholas G Moundreas’s NGM Energy sale and purchase department is busy. Less than two weeks after taking two suezmaxes from…
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Tankers to profit from contaminated Russian crude crisis
The halting of crude flows last week through Russia’s Druzhba pipeline following the contamination of supplies could have serious repercussions…
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Weekly Broker: Boxship sales soar
The dry bulk market is seeing a slight and slow recovery and upward trend in the past week, particularly in…
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Zeaborn buys CPO Tankers
Bremen’s shipping consolidator Zeaborn has made its next big acquisition, moving into the tanker segment by buying out Claus-Peter Offen…
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Mercator confirms sale of its last VLCC
India’s Mercator has confirmed the sale of 2006-built VLCC for $27.5m, nearly five months after it was initially reported as…
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Jochen Döhle dragged into Elektrans scandal
One of the most famous names in Hamburg shipping has been dragged into the court proceedings surrounding the demise of…
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Grindrod seals financing for ultramax pair, sells handy bulker and product tanker
Nasdaq-listed Grindrod Shipping has sealed financing for two newbuild ultramaxes and also announced the sale of two of its vessels.…
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Elektrans declared insolvent
Creditors have until May 7 to submit claims as Daniel Chopra’s Elektrans Shipping has finally been declared insolvent. Insolvency proceedings…
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Sun Enterprises orders up to three MR tankers at Hyundai Mipo
Greek owner Stavros Livanos’ Sun Enterprises is said to have placed order for three 50,000 dwt MR tankers at South…
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Another tanker trio put up for sale by Formosa Plastics
Taiwanese conglomerate Formosa Plastics fleet clear-out continues. Just before Easter, the outfit let go of its oldest VLCC, while this…
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NYK president replaced as losses hit $400m
After just four years in charge, Tadaaki Naito’s tenure in charge of one of the world’s largest shipping lines is…
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K Line bows to pressure and appoints critic to the board
Kawasaki Kisen Kaisha (K Line) has bowed to pressure as it reports another set of dire results. The Japanese shipping…
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Chaosheng Shipping chemical tanker to be auctioned by court
Ningbo Maritime Court has issued a notice that it will hold an auction to sell the 2012-built product tanker on…
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Weekly Broker: Cape volatility has many on edge
Following months of price fluctuations in the bulker sale and purchase market as the sector has been constantly correcting itself,…
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Chemical tanker explosion at Indonesian yard injures two
An explosion occurred onboard a chemical tanker under repair works at PT Multi Ocean Shipyard (MOS) on Indonesia’s Karimunbesar Island,…
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Pantheon inks deal for first Chinese newbuilds
In a busy month for Anna Angelicoussis-controlled Pantheon Tankers Management, the Athens-based company has signed a letter of intent for…
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Cosco Shipping Energy appoints new chairman
Cosco Shipping Energy Transportation (CSET), the tanker unit of state-run China Cosco Shipping Corporation, has announced that Huang Xiaowen has…
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