Tankers
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Angelicoussis returns to DSME for more VLCCs
Daewoo Shipbuilding & Marine Engineering has won an order for four new 318,000 dwt VLCCs from regular customer Maran Tankers…
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Valles concludes first sale in three years
Valles Steamship has been linked with its first ship sale since 2014. The conservative Hong Kong owner is reported by…
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Pantheon Tankers acquires aframax from Phoenix
Greek owner Pantheon Tankers is said to have acquired six-year-old aframax tanker from Singapore’s Phoenix Tanker. According to broking sources,…
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Cooperate not liquidate, RBD Armatori pleads with Pillarstone
Naples-based RBD Armatori has sent a message to Pillarstone after the KKR-backed turnaround fund defined as a “technical step” the…
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Top Ships starts JV with Gunvor for product tanker pair
Greek tanker owner Top Ships has entered into two joint ventures with commodity trader Gunvor Group, where each will take…
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Gulf Navigation raising $250m for further fleet expansion
Dubai’s Gulf Navigation Holding is looking to raise $250m through sale of sharia-compliant bonds this year, its group chief executive…
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D’Alesio offloads ageing MR tanker to Nigerian group Matrix
Italy’s Dalmare has sold the 2002-built medium range tanker to Nigerian buyers. Mauro D’Alesio, chief financial officer of the Leghorn-based…
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NYK finds Greek buyer for troubled VLCC
Nippon Yusen Kaisha (NYK) has found a buyer for a long-idled VLCC. The 2002-built has been sold for just $15.5m,…
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Pillarstone puts RBD Armatori under bankruptcy protection
A few days after purchasing non-performing loans from Intesa Sanpaolo and MPS totaling $638m, Pillarstone has filed for bankruptcy protection…
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Vinalines gears up for IPO
Ahead of a long-planned IPO in December this year state-run Vinalines has audited and is now deemed to be worth…
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Marenave completes financial restructuring
German owner Marenave has successfully completed a financial restructuring. At the end March, Marenave signed agreements with the majority of…
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Collision involving chemical tanker at Yangtze River petrochemical terminal sparks fire
General cargo ship Tian Sheng 18 lost control and hit chemical tanker Shuang Long Hai at a Yangtze River petrochemical…
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MOL chemical tanker runs aground on Columbia River in Washington
A chemical tanker owned by Japan’s MOL Chemical Tankers ran aground on the Columbia River near Skamokawa in Washington state…
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BW Pacific orders up to eight LR2s at Daehan
BW Pacific has placed an order for LR2 tankers at South Korea’s Daehan Shipbuilding. The Singapore joint venture between BW…
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Pillarstone moves to take control of RBD Armatori
Pillarstone Italy is poised to become main shareholder of the Naples-based shipping firm RBD Armatori. The KKR-controlled turnaround fund has…
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FSL Trust issues ex-CEO Alan Hatton with writ of summons
Singapore shipping trust First Ship Lease Trust announced today that it has issued a writ of summons to its former…
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No uptick for chemical tankers for at least 12 months: Stolt-Nielsen
One of the best known names in the chemical tanker business sees no uptick in this sector for 12 months.…
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The asset appreciation play has yet to leave port
The so-called ‘asset play’ investment strategy, buying low and selling high, is a well-known way of generating outstanding profits in…
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Union Maritime keeps up MR spree
While many northern European businesses are preparing for the upcoming summer holiday, UK-based Union Maritime remains busy and continues to…
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Socatra in for two plus two MR tankers
French shipowner Socatra, headed by Laurent Bozzoni, seems to be very close to sealing a new order for two plus…
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