Tankers
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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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Baota Petrochemical chairman arrested
Chinese independent refiner Baota Petrochemical Group has announced that its chairman and controlling shareholder Sun Hengchao has been arrested by…
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Poten bought out by BGC Partners
One of the world’s best known tanker brokers, Poten & Partners, has been bought out. BGC Partners has taken over…
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Ship Finance International offloads VLCC
John Fredriksen’s Ship Finance International (SFI) says it has agreed to sell 2002-built VLCC tanker to an unrelated third party.…
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GNG Ocean Shipping secures financing for chemical tanker pair
China’s state-owned GNG Ocean Shipping has entered into an agreement with BNP Paribas for the financing of two of the…
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Crude tanker rates predicted to consolidate as US softens Iranian sanctions
Crude tanker rates are predicted to consolidate by brokers Simpson Spence Young (SSY) on the back of the surprise decision…
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2019 predictions and beyond
As is customary at this time of the year the editor tells me to stick my neck on the line…
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Raffles Shipping books up to six chemical tankers at Wuchang Shipbuilding
Singapore’s Raffles Shipping is expanding its chemical tank fleet. The company has entered into a shipbuilding contract with CSIC-affiliated Wuchang…
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Yasa sells aframax to Soechi
Shortly after Yasa started recirculating five bulkers for sale, the Turkish owner’s fleet renewal is picking up pace. The first…
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Weekly Broker: Owners unfazed by dry bulk freight rate collapse
The final quarter is proving to be the busiest three-month period of the year for secondhand transactions, and the buying…
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