Tankers
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KOTC set for newbuild spree
Kuwait Oil Tanker Company (KOTC) has revealed that it is looking to order three VLGCs, one VLCC, and four MR…
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Tsakos Energy Navigation secures time charters for quartet
Greek tanker owner Tsakos Energy Navigation (TEN) has secured time charter contracts for four of its vessels. The company says…
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Fire aboard chemical tanker causes closure of Houston Ship Channel
The Houston Ship Channel, one of the world’s busiest waterways, was closed for an hour on Monday when a fire…
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Shipping Corporation of India readies first Iran call since 2012
Shipping Corporation of India (SCI) will call at Iran this month after a four-year gap because of sanctions. It will…
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Westfal-Larsen to step down at year-end
Westfal-Larsen Group has announced that 73-year-old Rolf Westfal-Larsen will be stepping down as CEO of the group at the end…
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KNOT Offshore Partners takes over another shuttle tanker
KNOT Offshore Partners has completed its acquisition of the ownership interests in the company that owns and operates the shuttle…
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Shanghai Maritime Court orders Varun to pay $115,000 in landmark crew abandonment ruling
In a potential game changing move, stranded crew onboard a Varun aframax have successfully sued the Indian owner at a…
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Norden sells old handy tanker for firm $13.5m
Brokers tell Splash that Norden continues to shred elderly tonnage. This week the 2006-built handysize tanker has been linked to Greek…
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Pillarstone set to become main shareholder of Premuda
The KKR-controlled turnaround fund Pillarstone Italy is about to become the majority shareholder of the Genoa-based Premuda. Last summer, the…
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Tsakos Energy Navigation linked to BP Shipping aframax pair
Tsakos Energy Navigation (TEN) looks to have picked up two ships BP Shipping has been trying to offload for months. The…
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OSG downgraded on eve of company split
New York-based tanker owner and operator Overseas Shipholding Group (OSG) on Tuesday was downgraded by Moody’s rating agency. The decision…
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Trans Mountain pipeline expansion will see increased tanker traffic for southern BC
The waters off southwest Canada and the northwest US could be getting much busier with oil tankers in coming years…
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SBM Offshore linked with elderly Gener8 VLCC
The 318,000 dwt – built in 2003 and now a floating storage candidate is on subjects for $31 m, according…
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Bangladeshi order for three Yangzijiang tankers
Bangladesh can rank as one of Asia’s more aggressive shipping nations in terms of acquisitions in 2016. While most of…
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Gulf Navigation vows to acquire a ‘huge fleet’
Having skirted with bankruptcy in recent years, Dubai’s Gulf Navigation has made a statement of intent over the weekend. In…
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Four Hanjin tankers sold
South Korea’s Woori Bank has sold four tankers owned by endangered Hanjin Shipping for $58.6m to claw back some debt.…
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Temporary reprieve for Marenave Schiffahrts
Under pressure German owner Marenave Schiffahrts has received some solace. Having seen two banks reject its restructuring plan three weeks…
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Central Shipping makes MR tanker order
Greek owner Central Shipping Monaco has ordered one firm 50,000 dwt MR product tanker at Hyundai Vinashin in Vietnam with…
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A Thanksgiving for shipping
The shipping industry, whether for dry bulk, tankers, containerships or offshore, has ridden a monumental wave in 2016, a wave…
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Dae Sun wins another chemical tanker order
South Korean yard Dae Sun Shipbuilding & Engineering has won an order from a local line, Sambu Shipping, to build…
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