Tankers
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D’Amico sells tanker pair to Sea World Management, charters back
D’Amico International Shipping has sold two medium range product tankers, High Endurance and High Endeavour, to Sea World Management for…
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Japanese shipping majors in freefall
On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just…
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Toisa provides more details on Chapter 11 filing
More details have been released about the Chapter 11 filing in New York by Toisa, a shipowning vehicle controlled by…
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Shokuyu Tanker sells chemical tanker to Thai firm
The low key Japanese oufit Shokuyu Tanker has sold the eight-year-old Miura Shipbuilding-built, 13,000 dwt chemical tanker for $13m to…
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Sentek Marine takes elderly VLCC for $16.5m
Sentek Marine, best known as a Singapore bunker supplier, has bought its second VLCC. Brokers report it has paid $16.5m…
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Frontline moves to bolster fleet with DHT acquisition
John Fredriksen’s Frontline is proposing to take over US-listed tanker owner DHT Holdings in what DHT says is a non-binding,…
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Gregory Callimanopulos’s Toisa files for Chapter 11 in New York
Toisa, a shipowning vehicle controlled by colourful Greek magnate Gregory Callimanopulos, has sought bankruptcy protection in New York. The Chapter…
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BW VLGC and product tanker collide off Chennai
Fuel has washed up on Indian shores following the collision of the VLGC and product tanker Dawn Kanchipuram in the…
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Shipping Corp of India selects Greek suezmax
Shipping Corporation of India (SCI) is in the market for suezmaxes and has sealed its first deal of the year.…
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Banks set crunch February 28 deadline for Marenave
Troubled German line Marenave Schiffahrts has been given another month to sort itself out by its creditors. Banks have set…
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Cash-strapped PDVSA tankers stranded
State-backed Venezuelan oil and gas concern PDVSA is in dire trouble. Having skirted close to bankruptcy last year, Reuters is now reporting…
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Aegean Shipping appoints new CEO
Greece’s Aegean Shipping Management has appointed Apostolos Poulovassilis as its new chief executive officer with immediate effect. Poulovassilis has more…
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Patience and perseverance – characteristics shipping needs in the Year of the Rooster
Farewell to the Chinese Year of Monkey, a suitably cheeky period for shipping. Will the incoming Fire Rooster have anything…
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McQuilling warns of tough year for tanker owners
McQuilling Services has released its 20th anniversary edition 2017-2021 200-page tanker market outlook in which it warns tanker owners are…
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Victor Restis behind India Steamship foray
Victor Restis’s Enterprises Shipping and Trading has been identified as the taker of the last four ships belonging to India…
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More Italian shipowner restructuring to follow Bottiglieri
More shipowners in Italy, particularly those involved in dry bulk, will follow Giuseppe Bottiglieri seeking court protection from creditors in…
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OSG and its former CFO settle tax case with SEC
The US Securities and Exchange Commission (SEC) has charged New York-based tanker owner and operator Overseas Shipholding Group (OSG) and…
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Nanjing Shenghang Shipping raises funds for vessel acquisition
NEEQ-listed Nanjing Shenghang Shipping has announced a fund raising plan under which it will raise up to RMB112.6m ($16.4m) through…
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Giuseppe Bottiglieri’s tanker fleet up for sale
Following the news on Friday that Naples-based Giuseppe Bottiglieri Shipping Company had filed for bankruptcy protection under Italian law, the…
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Winson takes aframax for $11.5m
Stealth Maritime has committed on subjects their 2001-built aframax to Winson Oil for around $11.5m with special survey and drydocking…
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