Tankers
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Nantong Xiangyu Shipbuilding launches operations with chemical tanker orders
Nantong Xiangyu Shipbuilding & Offshore Engineering, previously known as Nantong Mingde Heavy Industry, held an opening ceremony yesterday and officially…
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Greeks dominate ship orders this year
The Greeks have led the charge to order new ships this year, according to analysis out today from online pricing…
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AP Moller-Maersk’s first quarterly revenue growth since 2014 fails to mask ‘troublesome’ boxline problems
Maersk’s first quarterly revenue growth since 2014 today failed to mask what analysts are describing as “troublesome aspects” relating to…
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Ureda family behind Scorpio product acquisitions
Splash understands the two product tankers sold earlier this week by Scorpio Tankers are heading to Compania Maritime Chilena (CMC),…
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DryShips buys newbuild suezmax from Economou
DryShips says it has acquired a 158,000dwt suezmax tanker, currently under construction in China, for $64m from an entity affiliated…
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Macoil in for Turkish tanker
Turkey’s Solimar Navigation has sold the , a small, 12-year-old product tanker, to Greece’s Macoil. Brokers indicate a price of…
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Idemitsu Kosan and Showa Shell form VLCC alliance
Two Japanese oil companies Idemitsu Kosan and Showa Shell have formed an alliance yesterday to cooperate on a series of…
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Nestoil takes Frontline VLCC for floating storage
Nigeria’s Nestoil has been revealed as the buyer of the VLCC and sources tell Splash the tanker will now be…
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Euronav orders two ice-class suezmaxes
Euronav has ordered two high specification ice class suezmax tankers from Hyundai Heavy Industries in South Korea. The Belgian tanker…
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Frontline joins the rush for VLCC orders
John Fredriksen’s Frontline is being linked with an order at Hyundai Heavy Industries (HHI) for two firm VLCCs. The deal…
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Gener8 Maritime sells two VLCCs to AET for $81m each
New York-based Gener8 Maritime has done a deal to sell two of its very large crude carriers (VLCCs) – both built…
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Olympic Shipping acquires newbuild suezmaxes from Arcadia
Greek owner Olympic Shipping and Management has acquired two newbuild suezmax tankers from compatriot Arcadia Shipmanagement. According to broker sources,…
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Scorpio offloads MR tanker pair
NYSE-listed Scorpio Tankers has agreed to sell a pair of MR product tankers for a total of $56.4m. The two…
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Parakou Shipping boss CC Liu dies
CC Liu, the founder and chairman of Parakou Shipping and honorary consul for Norway in Hong Kong, passed away over…
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DHT Holdings asks Frontline to move on after rejecting latest takeover bid
DHT Holdings has once again rejected a proposal from John Fredriksen’s Frontline to acquire the company, branding the unrevised proposal…
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VLCC newbuild orders this year already more than double 2016’s total
Temptingly low prices have already seen more than twice as many VLCC orders placed this year than in the whole…
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D’Amico International Shipping: Three reasons why product tankers are at a turning point
A reduced orderbook for new tankers, an increasing tonne/mile ratio and sea transport demand from refined products constantly soaring: these…
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Eastern Pacific takes aframax brace at Hanjin Subic
Idan Ofer’s Eastern Pacific is being linked by brokers to a pair of aframax orders at Hanjin Heavy Industries &…
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Woods steps up to CEO at FSL Trust
Struggling FSL Trust has confirmed Roger Woods steps up from COO to take the vacant CEO role at the Singapore…
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Maritime CEO Forum: Trump viewed as good for tanker trades
President Donald Trump is proving to be good for tankers, delegates attending last week’s Maritime CEO Forum in Singapore were…
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