Tankers
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Weekly Broker: Smaller ships dominate sales action
The sale and purchase activity is picking up this week for both tankers and bulkers with buyers showing particular interest…
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Nordic Shipholding product tanker sale falls through
Danish tanker owner Nordic Shipholding has announced that the company has failed to complete the sale of its 2000-built 35,800…
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Swathe of VLCCs and LR2s set for floating storage ahead of the sulphur cap
Ageing tankers are set to be used for floating storage in greater numbers in the coming months as the days…
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Maritime CEO Forum: ‘We should look beyond the sulphur issue’
Despite a majority of panelists at today’s Maritime CEO Forum tanker session professing to be fans of scrubbers, all executives…
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Fleet reductions could see tanker owners in touch with a profit in 2019
IMO sulfur regulations will constrain large tanker supply growth while an ageing fleet should encourage scrapping, writes Tim Smith, director…
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Nobu Su taps human rights experts to spring him from jail
Nobu Su, the fallen shipping magnate currently residing at Her Majesty’s Pleasure in Pentonville prison in north London, is understood…
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New boss strikes sombre tone as K Line turns 100
Today marks the 100th anniversary since the founding of Kawasaki Kisen Kaisha (K Line), Japan’s third largest shipping line. It…
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UAE authorities dish out fines to owners involved in dangerous tanker prang
Authorities in the UAE have wasted little time in dishing out fines to two companies involved in a dangerous collision…
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Alafouzos orders suezmax pair, grants options to Okeanis Eco Tankers
Okeanis Eco Tankers, the Oslo-listed Alafouzos family tanker vehicle, has been granted an option by chairman and CEO Ioannis Alafouzos…
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Teekay Offshore secures funding for suezmax quartet
Teekay Offshore Partners has sealed a new $414m debt facility to finance its four LNG-fueled suezmax shuttle tanker newbuildings, currently…
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Nobu Su jailed for 21 months in the UK
Nobu Su, the disgraced former shipping magnate, is completing his first week in a British prison, having been been found…
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Cosco sets up China’s first VLCC pool
Cosco Shipping Energy Transportation (CSET), the energy shipping unit of China Cosco Shipping Corporation, has announced the launch of a…
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Weekly Broker: Big ships face big problems
Entering the second quarter of the year, the large size shipping sectors in both bulkers and tankers remain in the…
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Avin International replaces ageing product tanker with Asahi acquisition
Greek owner Avin International has replaced an ageing product tanker with a much newer version, according to brokers. Avin has…
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Furetank orders new product tanker to replace sold vessel
Sweden’s Furetank Rederi has signed a contract with AVIC Dingheng Shipbuilding for a 17,999 dwt dual fuel product tanker. The…
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Dong-A Tanker seeks court protection
In the biggest Korean shipping collapse since Hanjin Shipping folded, Dong-A Tanker yesterday sought court receivership in Seoul. Founded in…
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Claus Hemmingsen to leave Maersk
Once tipped for the top post, Claus Hemmingsen will step down as vice CEO at A.P. Møller – Mærsk at…
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Dubai Navigation eyes more tanker acquisitions
Dubai Navigation, the Lakhani family’s shipowning unit, is looking to take advantage of current low prices in the sale and…
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Falcon swoops for Finaval MR
Greece’s Falcon Navigation is listed as the taker of the 51,000-dwt (built 2008) by numerous brokers. The ship was sold…
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MOL boss warns of rough seas ahead
In a more sombre address than normal the head of Japan’s largest shipping line has warned the new financial year…
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