Tankers
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Formosa Plastics pushes ahead with fleet clearout
Taiwanese conglomerate Formosa Plastics is having a fleet clearout with a host of different ship types put in the shop…
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Stena Bulk to equip scrubbers on up to 21 ships
Swedish owner Stena Bulk has signed an agreement with Chinese company Shanghai Bluesoul Environment Technology to install scrubbers on its…
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Two Cosco VLCCs join Navig8 VL8 pool
Two VLCCs from Cosco Shipping Energy Transportation (CEST) are set to join the Navig8 VL8 pool. The 2014-built 322,860dwt will…
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Golden-Agri Stena forms chemical tanker joint venture with Bay Crest
Golden-Agri Stena, the joint venture between Stena Bulk and Golden Agri-Resources, has started a new joint venture with Bay Crest…
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Weekly Broker: Q4 off with a bang
Investors’ wait-and-see approach has finally transformed into action with a strong start in S&P action in the fourth quarter. Activity…
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Bob Burke warns on risks of investors piling into shipping
Delegates attending last week’s by invitation only Maritime CEO Forum were warned by one of the world’s most famous names…
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Seoul extends state aid to more local lines
Fresh from lavishing national flagship HMM with $5.4bn in state funds, newly incorporated Korea Ocean Business Corp has set aside…
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Morten Arntzen talks up the chemical trades
Chemical tankers were deemed one of the best segments for profit growth by multiple panellists at last week’s Maritime CEO…
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Hahn & Co completes SK Shipping takeover
South Korean private equity firm Hahn & Co has completed the buyout of one of the nation’s largest owners, SK…
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Frangou to merge two tanker units
Two Angeliki Frangou tanker vehicles are merging. Navios Maritime Acquisition Corporation and Navios Maritime Midstream Partners will join forces in…
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VLCCs set for negative fleet growth for first time since 2002
VLCCs are set for their first year of negative fleet growth since 2002, offering some hope that the sector might…
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Jaldhi behind acquisition of MR pair
Jaldhi has been revealed as the buyer of a pair of Japanese MR tankers, sold by JX Ocean last month…
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Maritime CEO Forum: Fragile tanker recovery must be protected
Panellists at this week’s tanker session of the Maritime CEO Forum in Hong Kong stressed the need to protect any…
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Weekly Broker: Prices jump on renewed chartering optimism
The strong rebound of sale and purchase activity in the previous week did not continue this week, despite the chartering…
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LR1s and aframaxes tipped for asset plays
Tankers led by LR1s and aframaxes offer the best opportunities for owners looking to make some asset plays, according to…
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Minsheng Financial Leasing makes VLCC debut
China’s Minsheng Financial Leasing has had a busy week, linked to more than $100m in multiple deals. Chatter about the…
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VLCC rates leap as oil prices climb towards $100
VLCC rates are finally showing signs of life with many analysts now saying the market has bottomed out and is…
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Maritime CEO Forum: Chemical tankers picked to appreciate most in next two years
Dr Adam Kent, managing director of UK consultants Maritime Strategies International (MSI), kicked off this year’s Maritime CEO Forum in…
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Nordic Shipholding breaches loan convenants
Danish tanker operator Nordic Shipholding has breached some of its loan convenants, citing the dire freight rate market. “In view…
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Ship Finance International sells elderly VLCC
John Fredriksen’s Ship Finance International has entered into an agreement to sell the 2001-built VLCC to an unrelated third party.…
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