Tankers
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Toisa gets cash collateral help
Toisa, a shipowning vehicle controlled by Greek magnate Gregory Callimanopulos, has received bankruptcy court approval for the use of cash…
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Aza gets first VLCC
Brokers report that up and coming private Indian tanker player Aza Shipping has taken its first VLCC. The company, founded…
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Oil tanker rocked by explosion off Shandong, three missing
An explosion has rocked oil tanker while it was sailing near Shidao off Shandong yesterday, leading to a major fire…
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Odfjell in for two Hudong-Zhonghua dual fuel chemical tankers
Odfjell has signed a letter of intent for two additional chemical tankers with stainless steel cargo tanks, to be built…
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Hyundai Samho to build LNG-fuelled aframaxes for Sovcomflot and Shell
Hyundai Samho Heavy Industries will be build four LNG-fuelled ice-class aframaxes for Russia’s Sovcomflot. The 114,000 dwt quartet are thought…
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Better to burn out than to rust
“It’s better to burn out than to rust.” So wrote Neil Young back in the late 1970s in his great…
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Economou secures four VLCC newbuilds for just $76m per unit
Splash understands George Economou has managed to negotiate a sensationally low price of just $76m per unit for a series…
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Somalis release hijacked tanker
Somali pirates who hijacked a UAE-controlled product tanker on Monday have released it without getting a ransom for the eight…
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Paddy Rodgers admits 2017 could be tricky for tankers
Paddy Rodgers, ceo of tanker giant Euronav, has admitted 2017 will be a tricky year. In announcing the company’s financial…
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Nordic Tankers and V.Group set up new chemical tanker management company
Danish chemical tanker operator Nordic Tankers Trading is teaming up with V.Group to invest in a specialist ship management company…
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Struggling DSME close to securing triple Angelicoussis VLCC order
Daewoo Shipbuilding & Marine Engineering’s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to…
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FSL Trust firms up its financial position
Singapore shipping trust FSL Trust Management has announced that it will pay down its syndicated loan facility by $20 million…
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Dae Sun wins Shokuyu Tanker order
Dae Sun Shipbuilding & Engineering has won an order from Japan’s Shokuyu Tanker to build a 3,500 dwt stainless steel…
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Odfjell adds Japanese chemical tanker pair
Norway’s Odfjell is adding two 36,000 dwt chemical tankers to its fleet, signing long term bareboat charter for the vessels…
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SM Group picked to take over STX Corp
A Samra Midas Group-led consortium was picked today as the preferred bidder for STX Corp. SM Group, best known as…
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Prime spunks nearly $11m for Dong-A Peneus
Prime Shipping of Vietnam has continued its S&P relationship with South Korea’s Dong-A Tankers. The active Vietnamese owner has paid…
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Stena Bulk takes full ownership of Stena Weco
Sweden’s Stena Bulk has moved to take full control of joint venture Stena Weco after agreeing with Weco Shipping to…
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TEN secures charter for newbuild VLCC
Tsakos Energy Navigation (TEN) has agreed a time charter for newbuild VLCC Hercules I with a major US oil company…
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BP boss warns oil price unlikely to rise for the next five years
In an interview with American TV channel CNBC the head of BP has warned he does not see oil prices…
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Toisa gets back to winning ways with charter deal
Toisa Limited, a Greek shipowning entity trying to fight its way out of bankruptcy, has announced that its vessel, ,…
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