Tankers
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DryShips acquires newcastlemax and suezmax from Economou
Greek owner DryShips has entered into agreement to acquire one 2013-built newcastlemax bulker and one 2017-built suezmax tanker. The vessels…
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Canadian authorities to buy Kinder Morgan pipeline, increased tanker shipments likely
Canada’s federal government has announced it will buy the Trans Mountain oil pipeline from Houston-based energy infrastructure firm Kinder Morgan…
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Can money still be made in shipping by flipping ships?
Unlike other capital assets whose value depreciates over the economic life of the asset, ships are known to appreciate in…
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AET orders shuttle tanker quartet for Petrobras deal
AET, part of Malaysia’s MISC, has headed to Korea to order four suezmax shuttle tankers after winning a long-term charter…
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Concordia Maritime and Stena Bulk charter in three suezmaxes
Concordia Maritime stays it has joined in with Stena Bulk to charter in three South Korean-built suezmax tankers to go…
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Are VLCCs anywhere near bottoming out?
Chief correspondent Jason Jiang warns there’s more pain in store for tanker owners. The crude tanker market is suffering some…
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Fenghai Ocean Shipping tanker to be auctioned by court
Qingdao Maritime Court will hold an auction for Dongguan Fenghai Ocean Shipping’s product tanker Feng Sheng You 16 via online…
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Weekly Broker: Dry bulk activity falls in line with diminished freight rates
This past week has seen a surge in the volume of ships changing hands, contributed in no small part by…
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Sweeping changes for Aegean Marine Petroleum Network
New York-listed bunker supplier Aegean Marine Petroleum Network has made a raft of changes that will see a new chairman…
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Gunvor teams up with Oceangold and Maas Capital to form product tanker JV
Switzerland’s Gunvor Group, John Dragnis-led Oceangold Tankers and ABN Amro’s Maas Capital have teamed up to form ClearOcean Tankers. Incorporated…
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Yasa Shipping orders tanker quartet at Hyundai Mipo
Turkish shipowner Yasa Holding is said to have placed an order at South Korean yard Hyundai Mipo for the construction…
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VLCCs have been losing $2,100 a day so far this year
Following yesterday’s lead story on the “disastrous” state of aframaxes trading in the North Sea, Splash has data on the…
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Claus-Peter Offen resumes fleet sell-off
Brokers sources tell Splash that the great Claus-Peter Offen ship sell-off continues, after a six-month break. Last year the German…
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‘Disastrous’ North Sea aframaxes losing $1,750 a day
Aframaxes trading in the North Sea have been losing money in dramatic fashion. Describing rates on the key trade from…
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13-strong RBD Armatori fleet to be auctioned with initial bargain $200m price tag
The Court of Torre Annunziata in Naples has put up for sale at auction the entire shipping branch of RBD…
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Trio of BP Shipping tankers reported sold at second attempt
BP has been struggling to offload portions of its fleet amid a tepid outlook for tankers. BP Shipping started marketing…
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Teekay Tankers to bank $36m from sale and leaseback deal
Teekay Tankers revealed in its latest set of results that it has agreed a sale and leaseback deal for seven…
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Scorpio seals sale and leaseback of five product tankers
Emanuele Lauro’s Monaco-based Scorpio Tankers has sealed a deal with China’s AVIC International Leasing for the sale and leaseback of…
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Weekly Broker: S&P cools off
In line with a sudden cooling of freight rates the past week was not so busy for bulker sales and…
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CMB in for Hanjin Heavy aframax pair
Brokers are reporting that the Saverys family controlled Compagnie Maritime Belge (CMB) has placed orders for a pair of tankers.…
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