Tankers
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China Cosco Shipping secures $544m financing for tanker orders
Cosco Shipping Energy Transportation, the energy shipping unit of China Cosco Shipping Group, has signed a loan agreement with China…
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Shareholder revolts fails to unseat top brass at K Line
Top management at Kawasaki Kisen Kaisha (K Line) can breathe easier tonight having fought off a shareholder rebellion. A number…
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AET orders shuttle tanker pair for Statoil contract
Singapore-headquartered AET, part of Malaysia’s MISC, has ordered a pair of DP2 offshore loading shuttle tankers to operate under an…
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Leon Patitsas sends an aframax to Navig8’s pool
Greece’s Atlas Maritime, led by Leon Patitsas, has become the latest firm to join Navig8 Pools. The , a 2003-built…
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Oceangold Tankers orders two MR2 tankers at STX Offshore
Greek owner Oceangold Tankers has placed an order at South Korea’s STX Offshore & Shipbuilding for the construction of two…
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Egyptian Tanker Company and Thome fined for pollution in US Gulf
A pair of international shipping companies pleaded guilty in a Beaumont, Texas court on Tuesday, to pollution and corruption charges…
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Shareholder dismisses Teekay Tankers’ plans to buy out Tanker Investments
Teekay Tankers’ plans to buy out Tanker Investments has drawn criticism from a key shareholder. Huber Capital Management, a California-based…
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Norden acquires MR tanker from Empire Navigation
Danish owner Norden has acquired a secondhand MR tanker from Greek owner Empire Navigation. According to broking sources, the 50,000dwt…
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Coco Vroon puts car carrier division and three more product tankers up for sale
As it fights for a firmer financial footing Vroon is looking to sell more product carriers as well as its…
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Hyundai Merchant Marine sells product pair
Hyundai Merchant Marine (HMM) has sold a pair of pump room MR product tankers for $10.5m each. The sister ships…
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Winson bags cheap vintage VLCC
DS Tankers has sold its 1999-built VLCC to Winson Oil for $16.5m. Clarkson Research notes in its most recent weekly…
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USCG airlifts ailing crewman from MOL chemical tanker in Gulf of Mexico
The US Coast Guard (USCG) medevaced a crewman from a chemical tanker in the Gulf of Mexico after the man…
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Odfjell takes five chemical resales for $200m and forms new pool with Georgiopoulos
Odfjell has signed a term sheet with Peter Georgiopoulos ‘s Chemical Transportation Group (CTG), to buy the last five of…
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NGO and labour unions raise concerns over Transpetro’s shipbreaking practices
A non-governmental organizations (NGO) and Brazilian labour groups have expressed their concerns about alleged dirty scrapping services by Transpetro, Brazil’s…
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Vitol ups stake in Latvian Shipping Company to 70%
A Dutch subsidiary of energy giant Vitol has bought some 39m shares, equivalent to 19.62% of the total voting capital…
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Why has shipping got it so wrong?
The arrival of spring brought fresh bloom on the trees and flowers on the plants but there is no spring…
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Vroon maintains it is close to sealing deal with lenders
In the wake of disparaging comments carried in the mainstream media Vroon Group has insisted it is on track to…
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New Delhi mulls SCI stake sale
Shares of Shipping Corporation of India leapt today after a government think-tank suggested another 26% of the nation’s flag carrier…
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Kirby Corporation expands distribution business with $710m acquisition
Houston-based domestic tank barge operator Kirby Corporation has agreed a deal to acquire marine and offshore manufacturer and distributor Stewart…
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K Line top brass fight for survival ahead of crunch shareholder vote
Senior management at Kawasaki Kisen Kaisha (K Line), Japan’s third largest line, have hit out at detractors planning a shareholder…
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