Tankers
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Byzantine in for LR2s
Byzantine Maritime of Greece has come in for a one plus one order of LR2 tankers at South Korea’s Daehan…
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Chinese tanker at Basuo Port explodes again
A second explosion has hit Chinese oil tanker Feng Sheng You 8 yesterday at Basuo Port in Hainan, following an…
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Agritrade close to its second VLCC
Brokers note Asian owner Agritrade has snapped up an elderly VLCC for $24m. The brokers say that the 309,300 dwt…
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Famous VLCC set for sale ushering Monarch’s exit from shipowning
Talk about a potential sale of the six-year-old, 320,000 dwt is getting juicier. Chatter about the potential sale started a…
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China Shipping Development takes stake in Sanding Oil Shipping
China Shipping Development (CSD), which will soon be renamed to Cosco Shipping Energy Transportation, has announced that it has entered…
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OSG board approves domestic and international company split
The board of New York-based and NYSE-listed tanker owner Overseas Shipholding Group (OSG) on Friday approved a plan to split…
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Explosion hits tanker at Basuo Port, at least one fatality
An explosion hit oil tanker Feng Sheng You 8 yesterday while it was loading naphtha at Basuo Port in Hainan,…
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Island Navigation takes LR product tanker from MOL
Island Navigation is making plenty of plays in the product tanker sector at the moment. The privately held bulk shipowning…
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Ultrapetrol booted from the Nasdaq
Argentinian owner Ultrapetrol has received notice from the Nasdaq Stock Exchange, indicating that the Nasdaq Hearings Panel has denied the…
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ICS wades in on plans by Canada for tanker ban in northern BC waters
The International Chamber of Shipping (ICS) has written to the government of Canada expressing concern about possible consequences of plans…
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Island Navigation revealed as buyer of NYK product tanker
Hong Kong’s Island Navigation has been revealed as the buyer of the Japanese MR product tanker . No price was…
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Kyklades bags Metrostar VLCC bargains
Brokers confirm Greece’s Kyklades Maritime has taken the last two VLCCs on order from Metrostar Management. Kyklades, owned by Aristides…
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NITC changes managing director
The board of National Iranian Tanker Company (NITC) has decided to replace Ali-Akbar Safaei with Sirous Kianersi as the new…
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Restis finally secures HHI suezmax berths
The Greeks have worked out that tanker newbuild prices are likely to have hit rock bottom and they are moving…
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Teekay sells last MR tanker
Teekay has disposed of its last remaining MR tanker, the 11-year-old . Clarksons Research reports Champion Tankers has taken the…
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Frontline cancels four VLCC contracts
Frontline has cancelled four VLCC newbuildings it had on order at South Korea’s STX Offshore & Shipbuilding. The NYSE-listed tanker company…
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Euronav delays VLCC deliveries
Euronav has delayed delivery of two VLCCs it has on order at Hyundai Heavy Industries (HHI) by around three months until…
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Sinochem and ChemChina in merger talks
China’s two major state-run chemical enterpises, Sinochem Group and ChemChina, have started discussions about a possible merger, Bloomberg reports. The…
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Sealink International settles dispute with Boustead Penang Shipyard
Sealink International has announced that it has entered into a settlement agreement with Boustead Penang Shipyard (BPS) over a shipbuilding…
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American Shipping Company seeks refinancing of bonds
American Shipping Company said today it is exploring options to refinance an unsecured bond issue maturing in February 2018. To…
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