Tankers
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Nanjing Tanker orders product tanker pair at GSI
Nanjing Tanker, an oil shipping unit of Sinotrans & CSC, has selected CSSC-affiliated Guangzhou Shipyard International (GSI) for the construction…
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Mercator sells elderly MR tanker
Indian owner Mercator has announced the sale of its 1993-built MR2 tanker . The vessel was sold for Rs28.54 crore…
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Weekly Broker: What constitutes a bargain?
What constitutes a bargain in today’s volatile dry bulk market? Unsurprisingly brokers and ship operators have hugely divergent points of…
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Gestioni Armatoriali makes return with two MRs from Latvian Shipping
A few months after sealing the debt-restructuring plan with its banks which saw the company progressively transfer all its ships…
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COSL disposes of oil shipping business
China Oilfield Service (COSL), the oil and gas service unit of Chinese state oil energy giant CNOOC, has approved a…
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Capital Product Partners and Diamond S agree $1.65bn deal to merge tanker fleets
Evangelos Marinakis-led Capital Product Partners (CPLP) and US-based DSS Holdings, which owns Diamond S Shipping Group, have entered into a…
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Avin fined $4m over Texan oil discharge
Greek owner Avin International pleaded guilty yesterday in a federal court in Beaumont, Texas, to charges stemming from several discharges…
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Norden adds MR tanker pair
Danish owner Norden has announced the acquisition of a pair of South Korean 2009-built MR product tankers. The deal is…
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Viken swoops for MR trio
Bergen-based Viken Shipping has added three product tankers built between 2009 and 2010. The Orinoco Star, Yukon Star and Zambezi…
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Donsotank orders three tankers at Wuhu Shipyard
Swedish tanker owner Donsotank has placed an order at China’s Wuhu Shipyard for the construction of up to three 22,000…
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Chinese petrochemical firm found to have lied following huge tanker leak
Seven people have been arrested for a chemical leak from a tanker earlier this month in the city of Quanzhou…
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Moundreas bullish as tanker spree accelerates
Nicholas G Moundreas is reported by broking contacts as being very bullish on tankers as the year comes to an…
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Marco Fiori set for top job at Premuda
Marco Fiori is set to join Genoa-based shipping company Premuda in January to take up the role of CEO, sources…
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Nordic American Tankers offloads ageing suezmax pair
Suezmax tanker owner Nordic American Tankers (NAT) has announced the sale of two 1999-built suezmax tankers, Nordic Aurora and Nordic…
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Weekly Broker: Bulker slide, tankers glide
Bulker prices are falling while tanker values are jumping. As the year closes are we closing in a moment where…
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Brightoil gives up fleet sale plan
Brightoil Petroleum has announced that it has decided to terminate the commercial negotiation of 15 vessels in its fleet due…
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More palm oil shipments likely to be targeted by Greenpeace
Ships moving palm oil around the world have been warned they could be targeted for boarding by environmental activists. On…
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Chemikalien Seetransport buys out Rigel Schiffahrts
Hamburg’s Chemikalien Seetransport (CST) has bought our Bremen-based chemical and product tanker firm Rigel Schiffahrts in the latest chapter of…
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LR1s selling at knockdown prices
A host of LR1 tankers, less than 10 years of age, are filling this week’s broker reports. Three ships that…
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Kunlun Shipping adds third VLCC
Shanghai registered Kunlun Shipping has emerged as the taker of Moundreas’s NGM Energy’s oldest VLCC, adding the 17-year-old 309,700 dwt…
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