Tankers

DryShips to sell tanker fleet

March 30th, 20151 London: DryShips is selling four of its suezmax tankers for an en-bloc price of $245m, and is in talks to divest six more aframaxes. Firm sales agreements are in...

Titan Petrochemicals in profit warning

March 26th, 20150 Hong Kong: Titan Petrochemicals issued something it has not been able to do for many years today – a profit warning. Shorn of many loss-making divisions, the company,...

Torm wins forbearance from lenders

March 26th, 20150 Copenhagen: Denmark’s Torm is concluding a new restructuring deal with its lenders and Oaktree Capital Management. The original restructuring agreement expires on...

Tsakos receives 2015 Commodore Award

March 26th, 20150 London: Panagiotis Tsakos, founder of the Tsakos Group, has been named the Connecticut Maritime Association’s (CMA) Commodore of the Year 2015. Last year’s winner...

China stockpiling oil on the cheap

March 25th, 20150 Amidst global oversupply, China is benefiting form record discounts offered by competing crude producers. As the world’s second largest consumer and the largest crude...
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