Tankers
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Maersk Tankers buys into hedge fund CargoMetrics
Maersk Tankers has entered an equity agreement with CargoMetrics, a Boston-based hedge fund which can boast the likes of Google’s…
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‘Steering casualty’ cited in US Navy collision off Singapore
A “steering casualty” onboard the USS John S. McCain has been cited by one US Navy official as the reason…
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Stealth Maritime sells ageing MR for $8m
In the MR market the Stealth Maritime controlled , built in 2002, has been sold to IMS Greece for just…
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Ten missing after US Navy destroyer USS John S. McCain collides with tanker off Singapore
Ten US Navy sailors are missing and five have been injured after guided-missile destroyer USS John S. McCain collided with 2008-built…
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China set to build on its dominant crude oil import position
China is set to build on its dominant position when it comes to crude oil imports, according to the latest…
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Tsakos Energy Navigation seals three-year charters for suezmax pair
Greek tanker owner Tsakos Energy Navigation has chartered an additional two suezmaxes to an unnamed US oil major, bringing the…
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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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