Tankers
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Aframax asset play pays off for Union Maritime
Laurent Cadji-led Union Maritime is widely reported to have earned $36m on an asset play while also spending $65.5m on two…
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Pan Ocean sells two product tankers
India’s Great Eastern Shipping has bought an MR2 tanker from South Korea’s Pan Ocean. The 2008-built, 46,197 dwt Grand Ace8…
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COSCO seals China’s first ESG-linked shipping loan
COSCO Shipping Energy Transportation (CSET), the oil and gas shipping unit of COSCO Shipping Group, has signed up for the…
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Furetank and Algoma JV takes orderbook to 10 product tankers
Swedish shipowner Furetank and Canada’s Algoma Central Corporation are expanding their product tanker joint venture with two additional newbuilds, bringing…
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Crowley and SEACOR join forces on tankers
Crowley and SEACOR Holdings, through its subsidiary Seabulk Tankers, have announced an agreement to form a joint venture that will…
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Panama Canal administrator will not rule out further transit cuts
The Panama Canal Authority has warned there’s a chance the number of daily transits could be slashed further if drought…
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Parana river tolls cause uproar among South American nations
An ugly spat has broken out among South American nations over the use of the continent’s so-called grain superhighway, the…
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MOL to spend $400m buying Fairfield Chemical Carriers
Japan’s Mitsui OSK Lines (MOL) is spending $400m in an all-cash transaction to acquire the 36-strong fleet of New York-headquartered…
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Trajectory of soaring newbuild prices divides opinion
The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is…
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VLCC sales proliferate
Demand for VLCCs in Asia has surged with sales talk surrounding a string of tankers between 10 and 15 years…
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Okeanis Eco Tankers agrees $84m debt refinancing loan
Greek owner Okeanis Eco Tankers has secured a new $84m senior secured credit facility from Crédit Agricole to refinance existing…
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Stolt Tankers reducing emissions using behavioural change project
Behavioural change startup Signol has launched a first-of-its-kind project with Stolt Tankers to further reduce shipping emissions by using Internet…
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Uni-Tankers expands fleet with one buy and four newbuild orders
Uni-Tankers said in a statement that it would be adding the 6,043 dwt modern ECO vessel to its owned fleet.…
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Sirius Shipping orders methanol-ready tankers
Swedish tanker owner Sirius Shipping has placed an order for up to four methanol-ready oil and chemical carriers in China.…
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Dubai’s Teodor Shipping sells its only VLCC
Sales registers show that Dubai-based Teodor Shipping has sold its only VLCC shortly after buying it. The 17-year-old Vatika has already…
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Tsakos Energy Navigation reveals MR newbuild orders
Tsakos Energy Navigation (TEN) has lifted its newbuilding orderbook to 10 ships. The Greek tanker and LNG carrier owner revealed…
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Vafias ships out tanker pair to spin-off Imperial
Greek tanker and bulker owner Imperial Petroleum has agreed to acquire two tankers from affiliate companies owned by its CEO…
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Empire Navigation pleads guilty to shipping Iranian oil
Greece’s Empire Navigation has admitted to violating US sanctions by shipping a cargo of Iranian crude oil aboard the suezmax…
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Extended oil production cuts by Saudi and Russia do nothing to diminish bullish tanker forecasts
News that Saudi Arabia and Russia have decided to extend their production cuts has been seen as a short-term negative…
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Malaysia still stuck with charred remains of abandoned Pablo tanker
It is now 128 days since the aframax exploded in Malaysian waters, killing three crew, with the stricken tanker remaining…
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