Tankers
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Offen backs struggling Marenave
German investors are coming to the rescue of Hamburg’s struggling Marenave Schiffahrts. Marenave has managed to conclude an investment agreement…
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Gulf Navigation settles debt dispute with banks
Gulf Navigation Holding has reached a full and final settlement with DVB Bank, BNP Paribas, and DNB Bank ASA regarding…
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Chu Kong Shipping orders tanker at Guangdong Hope Yue Shipbuilding
Hong Kong-listed Chu Kong Shipping has announced that its wholly-owned subsidiary Sun Kong Petroleum has entered into a shipbuilding agreement…
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Milaha: Expanding at home and overseas
Much needed structural adjustments in the offshore sector could take years to complete, the president and CEO of diverse Qatari…
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Maersk family to take greater control of the group
As the dust settles on tricky annual results and the announcement of a new chairman of the group, it has…
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Warwick Norman steps down at RightShip
Warwick Norman is stepping down from his position of CEO at Australian online vetting company RightShip. Norman, who has held the…
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Economou takes Shell VLCC
George Economou’s TMS Tankers has been linked by brokers as the buyer of the 2011-built VLCC. TMS is thought to…
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Oaktree takes Blue Lines MR pair
Global investment firm Oaktree Capital Management has snapped up MR product tankers, according to broker reports. Side notes in one…
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Concordia Maritime signs third sale and leaseback agreement
Concordia Maritime is selling the 2015-built product tanker to what it describes as “a large Japanese financial institution” with naming…
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Taxman among raft of parties objecting to International Shipholding’s restructuring plan
A slew of creditors plus the US taxman have objected to International Shipholding’s restructuring plan in recent days, likely putting…
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Private equity to snap up bust Ultrapetrol’s river unit
Argentina’s Ultrapetrol has got the go ahead from a US bankruptcy court to embark on a quick chapter 11, with…
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DHT slams Frontline
The war of words between senior management at tanker firms DHT Holdings and Frontline heated up Friday. Frontline, having had…
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Product tanker breaking up on rocks off Japan
The Panamanian-flagged product tanker ran aground on Saturday morning in western Japanese waters. The 18-year-old ship appears to be breaking…
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Frontline lashes out at DHT board
Frontline has insisted its takeover offer for fellow VLCC owner DHT Holdings remains “highly compelling” and Splash understands the John…
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Maersk presents ‘unsatisfactory’ annual results, expects $1bn liner improvement in 2017
In what is likely to be the final annual results as a combined energy and shipping conglomerate, Maersk Group today…
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Former SAP CEO nominated to chair Maersk
Having helmed one of the world’s largest shipping companies through its greatest corporate restructure in a generation, Michael Pram Rasmussen,…
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Nobu Su in hot water in the US for violating Iran sanctions
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a Finding of Violation against Nobu…
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AKR Sea Transport orders tanker pair at PaxOcean
Indonesian shipping company PT AKR Sea Transport has placed an order for two 5,000dwt product and chemical tankers at PaxOcean.…
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Shandong Shipping sticks to its MR plan
Broker sources tell Splash that the emerging Chinese tanker player Shandong Shipping has snapped up the 48,700 dwt Japanese-built from…
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Inquiry gets underway into Indian tanker collision
A senior port official in India has laid the finger of blame on the VLGC for the collision which took…
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