Tankers
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Fratelli d’Amato to exit liquid bulk with tanker sale to International Marine Services
The Naples-based Fratelli D’Amato shipping group is en route to exit the liquid bulk market as a consequence of the…
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Palmali sues Litasco for $2bn
Turkey’s Palmali has lodged a claim worth nearly $2bn with the English High Court against Litasco, the trading arm of…
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End game approaches for Varun Shipping
A serial crew abandonment offender is on the ropes once again. The majority of the gas carrier fleet of the…
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Sinokor Merchant Marine acquires VLCC from K Line
South Korean owner Sinokor Merchant Marine has acquired the 300,000 dwt VLCC from Japanese owner K Line. Broking sources revealed…
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Crowley Maritime sends 18 Jones Act tankers to Florida ports
International transportation and logistics firm Crowley Maritime has mobilized 18 Jones Act-compliant petroleum carriers to deliver gasoline and diesel to…
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Thai tanker owner outlines huge fleet expansion post-IPO
Thai tanker owner Prima Marine has a raft of new ships in its sights having successfully completed an IPO in…
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Tanker investment fund launches
Marine asset manager Mjolner Shipping Holdings and New York merchant bank Mid-Ship Capital have just closed an oil tanker-focused investment…
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Top Ships seals charter for MR tanker
Greece’s Top Ships has sealed a three-year time charter contract with Central Ship Chartering, a company owned by Top Ships…
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Economou’s Cardiff Marine takes first suezmax of the year
George Economou’s Cardiff Marine has been linked by brokers to its first tanker acquisition of the year. The Greek company…
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Five missing after tanker and dredger collide in Singapore Strait
Five crewmembers are missing from a dredger after it capsized in Singapore waters this morning after colliding with an Indonesian…
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Concordia Maritime fixes P-MAX tanker on time charter
Sweden’s Concordia Maritime has fixed out its 2006-built post-panamax (P-MAX) tanker for one year commencing mid-September. The contract, which also…
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Phillips 66 cancels request for Jones Act exemption related to Hurricane Harvey
Houston, Texas-based refinery company Phillips 66 has cancelled its request for an exemption from Jones Act rules, which it made…
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NYK places orders for four VLCCs
Japan’s Nippon Yusen Kaisha (NYK) is keeping compatriot shipyards busy. The giant shipping line has just inked contracts for four…
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Oil demand to peak within five years: DNV GL
Oil and gas will be crucial components of the world’s energy future, according to class society DNV GL’s forecast of…
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Thun Tankers declares option for fifth tanker at Avic Dingheng
Small product tanker specialist Thun Tankers, part of the Gothia Tanker Alliance network, has declared an option for a fifth…
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CNAF Haixin Shipping orders product tanker at Mawei Shipbuilding
CNAF Haixin Shipping, a shipping unit of China National Aviation Fuel Group, has selected Fujin Mawei Shipbuilding through a tender…
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Sovcomflot back at Samsung Heavy for another shuttle tanker
Sovcomflot has returned to favoured Korean yard Samsung Heavy Industries for another shuttle tanker. The 42,000 dwt ice class ship…
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HMM confirms orders for up to 10 VLCCs and two boxships
A year to the day since compatriot Hanjin Shipping went at its expense, South Korea’s Hyundai Merchant Marine (HMM) announced…
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Sinokor acquires VLCC from JX Ocean
South Korean owner Sinokor Merchant Marine has acquired 298,400dwt VLCC from Japan’s JX Ocean according to VesselsValue. The portal reveals…
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Frontline remains in the hunt for ‘attractive opportunities’ in prolonged weak tanker market
Despite losing more money its latest quarter John Fredriksen’s tanker venture Frontline is eyeing some opportunistic acquisitions in the coming…
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