Tankers

BW Offshore offloads Opal VLCC

March 11th, 20150 Singapore: BW Offshore has sold the VLCC BW Opal for $85.5m to BW Group. The agreement also includes an option for BW Offshore to buy back the vessel until the first...

Eitzen Chemical dissolves

March 5th, 20150 Oslo: Team Tankers International voluntary offer to to take over Eitzen Chemical has been approved by the latter's shareholders, paving the way for the disappearance of...

Oaktree nears Torm takeover

March 4th, 20150 Copenhagen: Denmark's Torm is few weeks away from an engagement with private equity fund Oaktree Capital, a move that will leave Oaktree as controlling...

Bahri moves to raise $1bn

March 4th, 20150 Dubai: Saudi Arabian tanker giant Bahri is selling ten-year sukuk worth RYLS3.9bn ($1.04bn) this month to repay debts. Bahri, which completed the takeover of fellow...

Wikborg leaves DHT Holdings

March 3rd, 20150 Oslo: New York-listed owner DHT Holdings has told investors that Rolf Wikborg has left the board of board of directors. Wikborg had served the company a decade. "We...

Tianjin Marine diversifies

February 27th, 20150 Dalian: Tianjin Marine has announced that it has signed an agreement with Bank of China. Under the agreement, Tianjin Marine will use RMB2.8bn ($447.7m) from the raised...
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