Tankers
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Three ships sold by d’Amico this week
Rome-based d’Amico Società di Navigazione group has sold three ships this week. Shipping arm d’Amico International Shipping announced the sale…
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BULL charges ahead with tanker buys
Fleet expansion at Buana Lintas Lautan (BULL), previously known as Buana Listya Tama, has kicked off this year, with the…
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Interorient Marine Services fined for illegally dumping waste
Cyprus-based ship manager Interorient Marine Services has been fined $2m by a US district Court in Like Charles after the…
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Two dead after tanker hit by fire at Bangladesh shipbreaking yard
A fire broke out onboard an oil tanker beached at the Shagorika Ship Breaking Yard in Bangladesh, resulting in the…
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Ruben Brothers offer for RBD Armatori sees fleet auction cancelled
With an offer on the table from Ruben Brothers investment fund, the planned auction of RBD Armatori’s shipping assets has…
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Tanker owners risk being elbowed out of Korea’s top yards as huge LNG order hoves into view
Tanker owners have been advised to get their orders in fast at South Korea’s blue chip yards before available slots…
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MOL Chemical Tankers takes a 20% stake in Den Hartogh
MOL Chemical Tankers, part of Japanese shipping major Mitsui OSK Lines, has acquired a 20% stake in Rotterdam-based Den Hartogh…
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Valles back in Japan for an aframax
Hong Kong’s Valles Steamship run by the Koo family has gone to Japan for its latest order. Brokers report that…
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TEN confirms suezmax order for long-term charters
Nikolas Tsakos led TEN has entered into contract for the construction of two suezmax tankers, which upon delivery will enter…
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VLCCs predicted to be out of favour transporting fuel oil post-sulphur cap
Fuel oil in the sulphur cap era will increasingly move away from VLCCs, according to the latest weekly report from…
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Are VLCCs set to be 2019’s star performer?
The start of 2019 kicked off with a flurry of very optimistic analyst reports on the prospects for VLCCs. After…
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Weekly Broker: Dry bulk market spooked into inaction
The Chinese New Year holidays together with the already negative sentiment prevailing across the market resulted in further pressure for…
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Nordic Hamburg bags another tanker
Nordic Hamburg continues to add tankers. The German owner has put down $11.5m for Reederei NSB’s 11-year-old, 38,000 dwt tanker,…
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Nordic American Tankers secures $306m refinancing
Nordic American Tankers (NAT) has entered into a five-year $306m senior secured credit agreement arranged by CSG Investments, and funded…
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Japanese head to NACKS for VLCCs
Japanese trading house Mitsui and compatriot shipping line Iino Kaiun Kaisha have managed to negotiate early delivery slots at a…
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Hellenic Tankers pockets $5.6m from swift VLCC asset play
Andreas Hadjiyiannis-led Hellenic Tankers has concluded a deal with Thailand’s Nathalin Group in what will be one of the most…
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Atlantica swoops for Latvian Shipping product tanker pair
Oslo-based Atlantica Shipping has reached a deal to acquire a pair of 2007-built MR1 product tankers from Vitol’s Latvian Shipping…
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Formosa Plastics continues fleet clearout
Taiwanese conglomerate Formosa Plastics is continuing efforts to downsize its fleet, having listed two more tankers for sale. According to…
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Bahri clarifies position on Venezuela-bound tanker
One of the Middle East’s largest shipping lines, National Shipping Company of Saudi Arabia (Bahri), yesterday clarified that its tanker…
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Sanctions on Venezuela create tanker snarl-up
Reuters is reporting that sanctions on Venezuela are creating a sizeable tanker traffic jam off the US Gulf coast. More…
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