Tankers
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Pantheon adds to Greek tanker ordering rush
The Greek rush for tanker newbuilds continues apace. Brokers are linking Pantheon Tankers with an order for a brace of…
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FSL Trust seeks to extend loan repayment terms
FSL Trust directors have been in negotiations with lenders to extend a $480m loan by a year. FSL still has…
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Further tanker consolidation predicted
Further tanker consolidation is likely, Clarksons Research predicts in its latest weekly report. With 2017 marking a year of massive…
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Cosco Shipping Energy signs for seven tankers at GSI
Cosco Shipping Energy Transportation has officially signed shipbuilding contracts with Guangzhou Shipyard International, a subsidiary yard CSSC Offshore & Marine…
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New tanker FFA broker chairman discusses handling rate volatility
FFAs can bring balance sheet stability. That is the message from the new chairman of the Tanker FFA Brokers Association,…
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Marnavi places new chemical tanker order at Wuchang Shipbuilding
Naples-based shipowner Marnavi has set up a joint venture with Simest aimed at investing in new parcel chemical tankers. “We…
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Bahri taps new CEO in diversification drive
Saudi Arabia’s largest shipping line Bahri has tapped a livestock expert to become its new CEO starting on January 1.…
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Seacor joint venture seals sale and leaseback deal for Jones Act product tanker
New York-listed Seacor Holdings has announced that its Jones Act shipping jv SEA-Vista has reached an agreement to sell one…
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LGR di Navigazione exits MR segment, eyes gas
Naples-headquartered LGR di Navigazione is on the verge of selling the last two tankers in its fleet. Brokers report that…
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US crude oil exports now more important to shipping than US product exports
The United States government lifted its restrictive policy on crude oil exports in December 2015. In September and October 2017,…
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Concordia adds product tanker on charter, extends another
Sweden’s Concordia Maritime has sealed a deal to charter in an IMO2/3 class MR tanker while also extending the charter…
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Will 2018 bring better freight rates?
Will the markets be kinder to shipowners in 2018 than this year? That forms the central thesis of the latest…
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Shipping Corp of India buys second suezmax this year
Shipping Corporation of India has just added the 149,993 dwt to its fleet list, paying just below $33m for the…
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TEN wins new charters
New York-listed Greek tanker owner Tsakos Energy Navigation (TEN) has announced new charters for three of its vessels worth over…
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Formosa Plastics adds three more MRs at Guangzhou
Taiwanese tanker giant Formosa Plastics has returned to Guangzhou for more MRs. Clarksons Research notes in its latest weekly report…
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Essar details shopping list
Essar Shipping has detailed its shopping list with liquid bulk to the fore. The private Indian owner’s CEO Ranjit Singh,…
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Former Hanjin Shipping boss jailed for insider trading
Choi Eun-young, 55, the former chairwoman of now-defunt Hanjin Shipping was handed an 18-month jail sentence by a court in…
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Venice Shipping & Logistics: Equity index launches
How much does investing in shipping yield today? It depends on the ship you choose as a target, on the…
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Weekly Broker: Oldendorff setting records
If, as anticipated, 2017 does turn out as a unparalleled year in the ship S&P markets, then the records will…
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Crowley Maritime announces restructuring of its business
Jacksonville, Florida-based Crowley Maritime on Wednesday announced a big restructuring of its business so it can focus more on government-related…
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