Tankers
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Raffles Shipping orders six chemical tankers at Jinhai Heavy
Singapore’s Raffles Shipping International has signed shipbuilding contracts with HNA-affiliated Jinhai Heavy Industry for the construction of six 19,700dwt chemical…
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New Shipping takes modern VLCC for $60m
Following much speculation over the past few months, HNA Group has finally disposed of the modern VLCC for around $60m,…
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Morgan Stanley and Economou looking to sell Heidmar to FDX Capital
The Financial Times is reporting that Morgan Stanley has joined George Economou in looking to sell their stakes in tanker…
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PB Tankers: Bound for Asia and closer relations with the Russian partners
Headquartered in Italy, with partners in Russia and new plans to increase business in Asia. That’s the Palermo-based Barbaro Group…
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Agritrade Resources completes acquisition of third VLCC
Hong Kong-listed Agritrade Resources has announced that it has completed the acquisition of a VLCC tanker from Chris Tanker Corporation.…
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First attempt to budge grounded bunkering tanker off Canada fails
Canadian Coast Guard (CCG) on Tuesday said a first attempt to move a grounded tanker off Sydney Mines, Nova Scotia,…
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Gener8 Maritime commits ‘financial suicide’ with latest sale
While key backers are walking away from Gener8 Maritime, Peter Georgiopoulos has pushed ahead with what has been described as…
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Navig8 in for aframax series at New Times
China’s New Times shipyard has bagged a big deal ahead of the Lunar New Year with brokers confirming Navig8 has…
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Asahi Tanker orders at Minami Nippon
In an all Japanese deal Asahi Tanker has gone to shipbuilder Minami Nippon to order a 51,000 dwt product tanker.…
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Pleiades Shipping takes two at Hyundai Mipo
After a dreadful 2016 South Korean yards have won more orders in the first 10 days of 2017 than it…
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Busy Andromeda seals suezmax deal
Broker sources say Monaco’s Andromeda Shipping has bought the 150,900 dwt, NKK-built for $12m from Greek owner Kyklades. The price…
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DHT delays HHI newbuilding
Crude oil tanker firm DHT Holdings has reached an agreement with Hyundai Heavy Industries to defer the delivery of its…
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Valloeby in for Chinese-built LR1
Germany’s Chemikalien Seetransport has sold the dirty trading LR1 tanker to Malta-based Valloeby Shipping for a touch above $13m. The…
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Gulf Navigation forms agency partnership with Polimar Turkish
The rapid diversification at Dubai’s erstwhile tanker operator Gulf Navigation continues with news that it has formed a partnership with…
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Ship Finance International back at Daehan for more product tankers
John Fredriksen’s Ship Finance International has extended its series at Daehan Shipbuilding by ordering two plus two options 114,000 dwt…
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Euronav seals $410m refinancing deal
Euronav has signed a new $410 million senior secured amortizing revolving credit facility in order to refinance 11 VLCCs as…
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Laugfs Maritime Services acquires third LPG carrier
Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has acquired an LPG carrier. The 1998-built 3,500-cbm was…
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Euronav seals sale and leaseback agreement for four VLCCs
Euronav has entered into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra…
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Nanjing Shenghang Shipping acquires two chemical tankers
Nanjing Shenghang Shipping has announced a plan to acquire two chemical tankers to further expand its fleet. The company will…
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Japanese shipping giants show little optimism for 2017
The heads of Japan’s three largest shipping lines addressed their employees today as the nation headed back to work. The…
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