Tankers
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Vroon sells another MR
The fire sale at troubled Vroon Group and its tanker affiliate Iver Ships is gaining pace. It’s a fortnight since…
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Tanker unloads crude by STS transfer after month’s delay over PDVSA-Conoco dispute
A crude oil tanker that spent a month in a holding pattern waiting to deliver to Venezuela’s state oil firm…
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Scorpio Tankers seals another sale and leaseback deal
Emanuele Lauro’s Scorpio Tankers has reached a deal to sell and leaseback two MR product tankers and two LR2 product…
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Odfjell tanker spills fuel after hitting pier at Port of Rotterdam
A product tanker operated by Norwegian owner Odfjell struck a jetty at the Port of Rotterdam on Saturday. The 1996-built…
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MR2s: Shorter trips for ships
Owners shouldn’t despair at short term spot market performance of clean tankers; the underlying fundamentals still look sound, argues Court…
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The Great Reversal: US crude and the diverse forces shaping tanker markets
Reduced floating storage, the high level of deliveries and mixed impact of increased US crude production are continuing to frustrate…
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Weekly Broker: Sun shines on ship deals ahead of the summer break
Following two weeks of comparatively low activity levels, the secondhand dry bulk sale and purchase market bounced back in recent…
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Grindrod Shipping makes Nasdaq debut
Grindrod Shipping Holdings, the shipping business spun out of South Africa’s Grindrod, began trading on the Nasdaq on Monday. Listed…
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Growing ton-mile demand offers hope for suezmaxes and aframaxes
Growing ton-mile demand offers some hope for hard-pressed owners of suezmax and aframax tankers, according to the latest weekly report…
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Capital Product Partners fixes tanker quartet to Petrobras
Evangelos Marinakis led Capital Product Partners (CPP) has fixed four chemical/product tankers to Brazil’s Petrobras. The STX-built quartet Alexandros II,…
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Deutsche Bank shuffles shipping exposure
As HSH Nordbank gears up to make a renewed foray into shipping under new ownership, another big name in German…
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Euronav completes sale of six VLCCs to International Seaways
Fresh from completing its takeover of Gener8 this week, Belgian tanker giant Euronav has now sold six VLCCs to long…
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Venezuela considers using foreign crude oil at its refineries
Venezuela is contemplating using foreign crude oil to produce fuel for the first time, according to Reuters. The country sits…
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Tanker cycle looks like it is two years behind dry bulk
The crude tanker shipping cycle increasingly looks like it is two years behind dry bulk. The crude tanker market has…
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Weekly Broker: Lighter Posidonia hangover a sign of the bargains on offer
The normal Posidonia hangover in the S&P markets has not been as keenly felt this year, a likely sign that…
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Norden offers share sweetener to keep key staff sweet
Citing the increased likelihood of senior management in shipping being poached by rivals, Danish shipping line Norden has revised its…
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Crew member dies after explosion on Indian chemical tanker
An explosion onboard Indian chemical tanker has killed one of the ship’s crew. The vessel was anchored off Cochin Port…
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Waruna cements place as fastest growing tanker player in Southeast Asia this year
Waruna Nusa Sentana is by some distance Southeast Asia’s fastest growing tanker player this year. The subsidiary of Indonesia’s Waruna Group…
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NAT charters newbuild suezmax to Equinor
Herbjørn Hansson’s Nordic American Tankers has sealed a time charter contract with Norway’s Equinor for one of its three suezmax…
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Paddy Rodgers claims oil majors are demanding scale solutions
Admitting current markets remain difficult, Paddy Rodgers has issued a comment on the growing demands from clients for a more…
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