Tankers
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International Seaways takes six Euronav VLCCs
American tanker operator International Seaways has revealed it is the company taking six modern Euronav VLCCs for $434m on the…
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Tankers approaching the low point of the cycle
Is the tanker market approaching the bottom of the cycle finally? That point of view is hinted at in the…
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Euronav and Gener8 Maritime to merge
The year 2017 will go down as one of peak consolidation and it is ending with one of the most…
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DNV GL’s 2050 forecast makes for sombre reading for tanker owners
Class society DNV GL has published its Maritime Forecast to 2050, which makes for good reading for those in container…
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Weekly Broker: Christmas rush for supramax bargains
The past week has seen continued firm interest in the secondhand bulker market with considerable transaction volumes especially for supramaxes…
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Norden CEO explains importance of global expansion
Jan Rindbo, writing in Norden’s latest in-house magazine, has discussed how the Danish line has expanded overseas a great deal…
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Greeks account for one in four secondhand ships bought in 2017
Wily Greek owners have made the most of the changing cycle this year, accounting for almost one in four secondhand…
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Navigare Capital Partners snaps up its first aframax
Navigare Capital Partners has added its fourth vessel in 10 months. One of Navigare’s funds has bought an aframax tanker,…
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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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