Tankers
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China Development Bank acquires two newbuild tankers
China Development Bank has acquired newbuild 11,780 dwt product tanker pair Xinghang 21 and Xinghang 22 at Taizhou Zhongzhou Shipbuilding…
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FSL Trust offloads product tanker
Singapore shipping trust First Ship Lease Trust has sealed an agreement to sell 2005-built MR product tanker . The South…
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Nord/LB files court case against Brightoil
German bank Nord/LB has filed a legal case against Brightoil Petroleum in the High Court of Hong Kong due to…
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BW completes Hafnia merger
BW Tankers has competed its merger with Denmark’s Hafnia Tankers, creating a company with the world’s largest product tanker fleet.…
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Weekly Broker: Dry bulk sales hit traditional January slowdown
The pallid state of the dry bulk market has managed to scare off some buyers in the sale and purchase…
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Okeanis Eco Tankers seals suezmax sale and leaseback with Ocean Yield
Norway’s Ocean Yield has acquired 2016-built suezmax tanker from Oslo-listed Greek owner Okeanis Eco Tankers. Ocean Yield is paying a…
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Frank in no hurry to push ahead with Sovcomflot listing
One of the longest awaited IPOs in the history of shipping is facing further delays. Russian state-owned shipping line Sovcomflot…
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Euronav offloads suezmax tanker for conversion
Belgian tanker owner Euronav has sold its 2009-built 157,700 dwt suezmax tanker to an unnamed global supplier and operator of…
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Oman Shipping Company in for four DSME VLCCs
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has clinched an order for four VLCCS from Oman Shipping Company. The…
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Handysize tanker sales proliferate
Chemical tanker venture Shapoorji Pallonji Forbes Shipping Limited, a joint venture between state-run Shipping Corporation of India and Forbes &…
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Sinochem inks sale and leaseback for chemical tanker
Chinese state-run chemicals production and trading major Sinochem has entered into a financial leasing agreement with Huarong Financial Leasing for…
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Tristar returns to Hyundai Mipo for six product tankers
UAE-based Tristar Transport has placed an order at South Korean yard Hyundai Mipo for the construction of six 25,000 dwt…
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Pertamina tanker slams into side of pipelay vessel anchored off Bintan
Hong Kong flagged 2002-built product tanker T-boned 2012-built pipelay vessel Star Centurion east of the Singapore Strait entrance around 10…
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Handy tanker sales ring in the new year
The new year has kicked off with a very strong S&P market, with a number of vessels reported sold and…
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Aulac Fortune to be towed away
Rescuers boarded the product tanker after the fire onboard the vessel was completely put out in a bid to find…
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Shanghai bourse probes Nanjing Tanker
The Shanghai Stock Exchange is demanding answers for the dire performance by Nanjing Tanker in the first days since it…
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Kunlun’s latest VLCC acquisition highlights changing tanker fortunes
South Korea’s Sinokor has sold its 2001-built VLCC to fast growing Kunlun Shipping. Brokers report the Imabari-built tanker fetched a…
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Dea Capital debuts in the Italian shipping market with $200m worth of non-performing loans
Dea Capital Alternative Funds has announced its debut in the shipping business in Italy, confirming an exclusive report by Splash…
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Weekly Broker: Time to double down?
Place your bets! Which sector will appreciate the most in the coming 12 months? As reported on this site earlier…
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Monte Nero Maritime emerges as buyer of Formosa Plastics tanker
Formosa Plastics, one of Taiwan’s largest conglomerates, has sold another ship, adding to the 10 it offloaded throughout last year.…
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