Tankers
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Ernst Russ seeks to derail Marenave’s restructuring
Ernst Russ has moved to take control at fellow German owner Marenave. Ernst Russ is seeking to put its CEO…
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Iraqi tanker joint venture launched
Iraq has formed a tanker joint venture with Arab Maritime Petroleum Transport Co (AMPTC). Al-Iraqia Shipping Services and Oil Trading…
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Cyber-attack wiped up to $300m from Maersk’s books
Søren Skou, the CEO of A.P. Moller – Maersk, has for the first time put an approximate dollar figure on…
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More tankers circulated among brokers for demolition
More tankers are being circulated among brokers for demolition, according to UK brokerage Gibson. Sales to Indian and Bangladeshi breakers…
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Vitol likely to take Latvian Shipping Company private
A Dutch subsidiary of energy giant Vitol, which has become the majority shareholder of Latvian Shipping Company (LSC), is looking…
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Asphalt tanker leaves Baltimore after 10-month detention
The US Coast Guard (USCG) announced that 2009-built tanker has been released after being held for 10 months over various safety…
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Euronav warns dividends could go as tanker newbuilds flood the market
With red ink now seeping onto its books Euronav has braced investors for the likelihood of no dividends coming up…
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Nordic American Tankers fixes suezmax pair to Shell
Nordic American Tankers has fixed two suezmax tankers to Shell on time charter for a period of 18 months. The…
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Trading houses return to shipowning
2017 is likely to be viewed in hindsight as the year major trading houses returned to shipowning. A recent report…
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VLCC resales snapped up for just $73m per ship
Gulf Marine Management, an Athens-based tanker company fronted by wealthy Lebanese businessman Ghassan Ghandour, is being tipped as the company…
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Shenghang Shipping issues new shares to fund newbuild
Chinese domestic tanker operator Nanjing Shenghang Shipping has announced a plan to raise RMB57.64m ($8.6m) by issuing 7.2m new shares.…
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Great Eastern adds first aframax of the year
Splash can reveal the identity of the 2009-built tanker India’s Great Eastern Shipping announced it had bought last week. Greek…
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Mednav heads to CSSC for MR tanker pair
Italian owner Mednav has placed its first newbuild order in over ten years, heading to China’s CSSC Offshore & Marine…
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Nanjing Shenghang Shipping mulls IPO
Chinese tanker owner Nanjing Shenghang Shipping has announced that the company is now planning an IPO. Shenghang Shipping has already…
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Torm snaps up pair of resale MR tankers
Danish owner Tom has acquired a pair of resale 50,000 dwt MR tankers currently under construction at South Korea’s Hyundai…
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Great Eastern Shipping acquires secondhand tanker
Indian owner Great Eastern Shipping has signed a contract to acquire a 105,000 dwt secondhand LR2 product tanker. The 2009-built…
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US mulls ban on selling oil to Venezuela
The US on Monday was considering sanctions on Venezuela that could include a ban on sales of US crude and…
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D’Amico closes third sale and leaseback deal
Luxembourg-based d’Amico International Shipping has closed a third MR tanker sale and leaseback deal, announced in the company’s latest set of result. The…
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Capital Product Partners seals $460m refinancing
Greece’s Capital Product Partners has entered into a firm offer letter for a senior secured term loan facility of up…
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Management changes at RBD Armatori
An Italian bankruptcy judge has okayed a new management team at beleaguered Naples owner RBD Armatori while also giving them…
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