Tankers
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Ridgebury Tankers switches eight suezmaxes into Navig8 pool
Connecticut-based tanker owner Ridgebury Tankers has switched eight of its suezmax tankers from Heidmar’s Blue Fin pool to Navig8’s Suez8…
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Splash Extra: Conservative mindset seen as a barrier to innovation
Shipping’s conservative mindset – especially among its largest players – is a barrier to innovation, the lead story on the…
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Maritime CEO Forum: The state of the world economy
Every Maritime CEO Forum always kicks off with a quick fire 30-minute Q&A where a top shipping analyst is put…
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MTM takes Union Maritime product tanker pair
Singapore’s MTM Group has bought two product tankers from UK’s Union Maritime in an enbloc deal. According to Banchero Costa,…
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Hanan Shipping takes small tanker from Amoretti
Hanan Shipping is to add a sixth tanker in its fleet. A public notice from the local Coast Guard in…
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Scrubber retrofit delays see huge swathe of the merchant fleet out of service
Delays are mounting for scrubber retrofits. Broking house Braemar ACM is reporting less than half of the planned scrubber retrofits…
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VLCC sales show solid figures
The extremely firm VLCC rates of recent weeks have been reflected in asset values across the board in the tanker…
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Norden slashes forecast after unearthing accounting error
Norden’s finance team will face a grilling from top management after an accounting error forced the Danish shipping line to…
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Washington issues two-month sanctions waiver over Cosco’s tanker unit
The US Treasury Department yesterday issued a nearly two-month waiver for companies to wind down transactions with Cosco Shipping Tanker…
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Maersk Tankers hails ‘real breakthrough’ with 8.2% fuel savings from landmark wind project
Norsepower, together with project partners Maersk Tankers, Energy Technologies Institute (ETI) and Shell International Trading and Shipping Company, today announced…
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Weekly Broker: Sale volumes up despite rates coming under pressure
The sale and purchase market for both bulkers and tankers has seen a rebound from the previous week with substantial…
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Winson offloads tanker for $14.25m
Taiwanese tanker player Winson has sold the fifteen-year-old 105,000 dwt for $14.25m, brokers tell Splash. Winson bought the ship for…
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Maritime CEO Forum: Scrubber ‘shenanigans’ and the blame game dominate tanker discussion
The Maritime CEO Forum made its European debut yesterday in the swish surroundings of the Monaco Yacht Club with 100…
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Teekay and Cosco resolve Yamal LNG sanction issues
Teekay LNG and China LNG Shipping’s 50/50 Yamal LNG joint venture has been cleared from US sanctions, after Cosco restructured…
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Tsakos Energy Navigation seals long-term aframax charter
Greece’s Tsakos Energy Navigation (TEN) has taken delivery of an aframax tanker which was built against long-term charter contracts to…
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No machine could have predicted this VLCC spike
Mr Prospector is not a fan of algorithms predicting the markets. It is fair to say that just when you…
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Navios Maritime Acquisition completes refinancing of debt
Navios Maritime Acquisition Corporation has completed the repayment of its $196.8m of term loan. The company funded the repayment through…
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Kyoei Tankers books VLCC newbuilding at Namura
Kyoei Tankers, a unit of Japan’s NYK Group, has placed an order at domestic yard Namura Shipbuiding for the construction…
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Shipping bids farewell to the gut feel freight market
Nearly two thirds of Splash voters in an ongoing poll believe shipping is at the the end of the ‘gut…
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Volatile VLCCs drop back towards $100,000 a day
The rarefied, volatile VLCC peak has dropped from record $300,000 a day territory and is close to ducking back under…
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