Tankers
-
Maersk Tankers offloads MR1 to Waruna
Denmark’s Maersk Tankers has continued to sell down its fleet with the sale of 2004-built MR1 tanker . Multiple shipbroking…
Read More » -
Lundqvist returns to Sumitomo
Aframax specialist Lundqvist Rederierna has returned to Sumitomo Heavy Industries in Japan. Brokers report the Finnish owner has ordered another…
Read More » -
Wah Kwong boss hails financial resilience of shipping during the coronavirus crisis
William Fairclough, the managing director of Hong Kong shipowner Wah Kwong Maritime Transport Holdings, has hailed the financial resilience of…
Read More » -
Klaveness Combination Carriers increases tanker market coverage with new charter
Klaveness Combination Carriers (KCC) has announced that one of its Cleanbu vessels has been fixed on a three to six…
Read More » -
Weekly Broker: Global Lockdown puts a clamp on sales
The Global Lockdown – as the International Monetary Fund has termed this year’s recession – has also put the brakes…
Read More » -
Product tanker captured by Iranians reignites Hormuz security concerns
A Hong Kong-flagged handy product tanker at anchorage in Fujairah was boarded by armed men yesterday and told to head…
Read More » -
Great Lockdown set to be worst recession since the Great Depression: IMF
The International Monetary Fund (IMF) has warned the recession sparked by the coronavirus is on track to be the worst…
Read More » -
Two horsemen of the apocalypse
It’s too late to buy that VLCC. It’s far too late to sell anything, but you might want to try…
Read More » -
Euronav confirms suezmax sale
Belgian tanker owner Euronav has confirmed earlier broker reports that it has sold the 2001-built 160,044 dwt suezmax tanker ,…
Read More » -
Tanker analysts turn bearish
Tanker analysts are beginning to turn bearish on prospects for a sector that has been surging for most of the…
Read More » -
Nasty, brutish, but short; shipping must navigate gaping downside risks to avoid a great depression
A rapid market recovery is dependent on the success of policy responses and failure could be disaster, writes James Frew…
Read More » -
Colonial Navigation lets go of one of its older tankers
New York-based Colonial Navigation has sold one of its older ships, offloading the 2004 -built 51,758 dwt for $11.2m. Equasis’s…
Read More » -
Under pressure Hin Leong Trading holds urgent negotiations with its banks
Singapore oil trading giant Hin Leong Trading has appointed local law firm Rajah & Tann as well as consultancy PwC…
Read More » -
OPEC+ agrees on record oil production cut
The world’s largest oil producers have agreed to slash production amid plummeting demand thanks to the coronavirus after Mexico finally…
Read More » -
VLCC takes out pier in Panama
A Hong Kong-flagged VLCC ploughed into a Panamanian petrochemical terminal on Saturday, damaging the pier and puncturing a hole in…
Read More » -
Hin Leong Trading finances questioned
The Singapore bunkering community is abuzz with speculation that one of the republic’s biggest names has hit severe financial difficulties.…
Read More » -
Mexico stands in the way of historic 10m barrels per day OPEC+ production cut
A historic production cut agreement between OPEC and its allies, known as OPEC+, has not quite got over the line…
Read More » -
Volatility and uncertainty on the tanker front
Rebecca Galanopoulos Jones, head of research at Alibra Shipping, takes a look at the tanker market outlook for Q2. For…
Read More » -
Palmali tankers head for auction for the third time
The creditors of the bankrupt Rostov-based shipping company Palmali have put the company’s crude tanker and barge fleet up for…
Read More » -
Norstar Ship Management appoints new head as it looks to diversify
Singapore shipmanagement firm Norstar Ship Management (NSM) has appointed Lars Grünitz as its new managing director, replacing Christopher Kirton who…
Read More »