Tankers
-
Top Ships secures $3m financing
Greek owner Top Ships has announced that it has entered into a definitive securities purchase agreement with an institutional investor…
Read More » -
Concordia Maritime refinances entire MR tanker fleet
Sweden’s Concordia Maritime says it has signed two agreements to refinance its fleet of ten P-Max MR tankers. The two…
Read More » -
Stolt-Nielsen completes Jo Tankers acquisition
Oslo-listed Stolt-Nielsen has completed the acquisition of the chemical tanker operations of Jo Tankers. The transaction comprises 13 chemical tankers and…
Read More » -
Maranakis swoops for SK cape trio
Evangelos Marinakis-led Capital Ship Management has been revealed by brokers as the buyer of three Korean capes belonging to SK…
Read More » -
Tsakos takes BP aframax pair
Greece’s Tsakos has been revealed by brokers as the buyer of two BP aframaxes. The 114,000 dwt sisterships British Merlin…
Read More » -
Pillarstone eyes RBD Armatori
Naples-based RBD Armatori may be the second deal selected by Pillarstone in the Italian shipping market. The turnaround fund created…
Read More » -
Norden: Fleet rejig
At his latest quarterly results, Jan Rindbo, CEO of Denmark’s Norden, was honest, saying the $12m loss over the three-month…
Read More » -
Welding accident kills one, injures three
A worker was blown 60 metres to his death on the Indonesian island of Batam. A welding accident resulted in…
Read More » -
Stolt-Nielsen gets approvals for Jo Tankers acquisition
Stolt-Nielsen has received unconditional competition authority approval of the company’s previously announced plans to acquire the chemical tanker operations of…
Read More » -
Yuhua Energy acquires secondhand chemical tanker
Hong Kong-listed Yuhua Energy has entered into an agreement with Great Lakes Shipping Maritime for the acquisition of a chemical…
Read More » -
Crude tanker market weighs short-term impacts and long-term threats
After October’s improvements to VLCC spot rates and TC rates in other sectors, OPEC strategy and the protectionist threat loom…
Read More » -
Why Hong Kong is a natural breeding ground for shipowners
Mandarin Shipping’s Tim Huxley examines the city’s latest generation of owners. After a grim year for most shipbuilders, the last…
Read More » -
Navig8 Product Tankers to raise $30m via rights issue
Navig8 Product Tankers has announced that it has launched an offer of 3m units, with a subscription price per unit…
Read More » -
Kyklades and Aza conclude second suezmax sale
Greece’s Kyklades Maritime Corp has completed its second suezmax sale to the same Indian owner in the space of just…
Read More » -
Downturn specialists
Hong Kong owners know when to snap up a bargain. Hong Kong shipowners know better than most how to take…
Read More » -
Berlian Laju takes Thenamaris aframax
After much speculation among brokers in recent weeks Clarksons Research is finally able to reveal that Indonesia’s Berlian Laju Tankers…
Read More » -
MOL takes product tanker
In an all Japanese deal Shoei Kisen, the shipowing sister firm of Imabari Shipbuilding, has sold a nine-year-old product tanker…
Read More » -
Great Eastern pounces for aframax pair
India’s Great Eastern Shipping has pounced for a pair of aframaxes. In a filing to the local stock exchange in…
Read More » -
Board exodus continues at FSL in protest of CFO appointment
Another director has quit beleaguered First Ship Lease Trust over the appointment this September of a new cfo. Simon Davidson,…
Read More » -
Marenave Schiffahrts edges closer to financial oblivion
Marenave Schiffahrts is a step away from financial oblivion with the board revealing two creditors have vetoed the Hamburg-based owner’s…
Read More »