Tankers
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Brokers rush to offload parts of the Ocean Tankers fleet
With a restructuring deal in the offing, brokers are rushing to sell off tonnage from Ocean Tankers, the deepsea shipping…
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Bangladeshi widow wins landmark shipbreaking ruling
In a landmark decision that could shake up the ship recycling trades irrevocably, a judge in London has ruled that…
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Ships today are travelling 17.4% slower than before Lehman Brothers collapsed
Cargoes are taking ever longer to reach their destinations in the continued fallout shipping has felt from the global financial…
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Lowest level of coated tanker deliveries since 2002
Deliveries of tankers are set to be at the lowest level since 2015 this year, with coated tanker deliveries on…
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Abandoned crew scrawl their desperate plight along ship’s hull
Twelve crewmembers onboard the 1985-built 5,500 dwt oil tanker are desperately looking for help as the vessel has been stranded…
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TEN orders suezmax shuttle tanker trio for long-term charter deal
Greek tanker giant Tsakos Energy Navigation (TEN) says that it has ordered three suezmax DP2 shuttle tankers in South Korea,…
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Shipbroker teams with Microsoft to unlock answers to the chemical trades
Chemical tanker brokers SPI Marine have teamed with Microsoft in a bid to bridge the gap between data and decision-making…
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Weekly Broker: Cape scramble
The dry bulk sale and purchase market has stayed bullish this past week with large size vessels being the main…
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CSSC Shipping orders product tanker pair for Louis Dreyfus charter
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has placed an order at Chengxi Shipyard for the…
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Ningbo Marine secures approval for tanker operations
Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Maritime allowing the company to…
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Ludwig Mowinckels orders up to four suezmaxes at New Times
Norwegian owner Ludwig Mowinckels has placed an order at China’s New Times Shipbuilding for the construction of up to four…
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Ardmore rejects ‘highly opportunistic’ Hafnia takeover offer
BW Group’s product tanker arm Hafnia revealed that it has proposed a combination with New York-listed product tanker owner Ardmore…
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KNOT seals suezmax charter deal with PetroChina
Knutsen NYK Offshore Tankers (KNOT), a joint venture between NYK and Knutsen, has concluded a 10-year time charter contract with PetroChina…
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D’Amico offloads product tanker pair
D’Amico International Shipping, via subsidiary d’Amico Tankers, has agreed the sale of 2005-built MR product tanker pair and for $12.95m each. Delivery…
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When will shipping volumes return to 2019 levels?
When – if at all – will shipping volumes return to 2019 levels for the container, dry bulk and tanker…
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Floating storage play is unwinding but effects are far from over
A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in the…
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ICBC Leasing acquires newbuild LR2 tanker from Andromeda Shipping
Chinese leasing house ICBC Financial Leasing has acquired the 114,000 dwt LR2 tanker Lake Star from Monaco-based owner Andromeda Shipping.…
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Weekly Broker: Contrasting fortunes
The dry bulk S&P market maintained a healthy volume of transactions for yet another week with increasing interests across all…
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Knutsen NYK Offshore Tankers orders suezmax for PetroChina charter
Norway’s Knutsen NYK Offshore Tankers (KNOT) has placed an order at China’s Cosco Shipping Heavy Industry for the construction of…
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Product tanker valuations nosedive
While product tanker earnings soared in the first half of 2020, sale and purchase activity in the sector has slowed…
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