Tankers
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Primorsk fleet sale approved
A bankruptcy judge in New York yesterday approved the $215m sale of Primorsk International Shipping fleet of nine ice class…
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K Line orders five tanker newbuilds
Japan’s K Line has placed orders with local yards for three VLCCs and two aframax tankers. The company has signed…
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Scorpio Tankers secures new loan facility
Scorpio Tankers has announced that the company has received a commitment for a loan facility up to $300m from ABN…
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Pillarstone officially lands Premuda
Pillarstone Italy, a turnaround fund created by private equity giant KKR, is now officially the largest creditor of Genoa-based shipping…
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SCF beats Hafnia to take over Primorsk fleet
SCF Tankers, an affiliate of Sovcomflot, beat rivals to win at auction the sale of nine ice-class tankers belonging to…
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US has more oil reserves than Saudi Arabia
A new independent estimate of world oil reserves has been released by Oslo-headquartered Rystad Energy, showing that the US now…
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Stream Tankers in for more Japanese chemical carriers
Norway’s Stream Tankers is back in Japan for more chemical tankers. Splash understands that Fukuoka Shipbuilding has received an order…
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Pirate attack on tanker prevented by Iranian navy
An attack on an unnamed Iranian-owned oil tanker by a flotilla of pirate boats was foiled by the Iranian navy early…
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Greek owner commits suicide
A well-known Greek shipowner shot himself dead over the weekend. Kyriakos Mamidakis was found dead at his home near Athens…
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Aframax prices slide
Clarksons Research has news of the swift downward pressure on aframax tanker prices. The eight-year-old was sold last week by…
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Marenave Schiffahrts must start repaying ship loans again
Eight of Marenave Schiffahrts’ single-ship companies must begin making repayments to their banks, following the expiry of a six-month extension…
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Tanker detained in Libya
Diplomats from Russia, Ukraine and Greece are trying to get in contact with the crew of the , which was…
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Huxley cites ‘disagreement among senior management’ for his shock Wah Kwong departure
Tim Huxley has told Splash “a disagreement among senior management” was the reason for his surprise departure as ceo of…
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Gener8 Maritime amends loan to finance two more VLCCs
Gener8 Maritime has amended its senior secured credit facility with a consortium of lenders to complete the financing of its…
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USCG looks into how tanker collided with moored sailboats
The US Coast Guard (USCG) is looking into how a tanker departing Portsmouth, New Hampshire, managed to collide with three…
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Tufton Oceanic takes another Koenig Cie suezmax
Fund manager Tufton Oceanic, which earlier said its preference this year is tankers, is sticking to its word. Broking sources…
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Transpetro cancels seven newbuildings
Transpetro, the logistics subsidiary of Petrobras, has reportedly cancelled contracts for seven tankers being built at the Estaleiro Atlântico Sul…
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Traders book VLCCs for floating storage
Two VLCCs have been booked as floating storage within Asia in preparation for low-demand season in the Far East. Clearlake…
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Wisdom Marine enters tanker sector with double order at JMU
Taiwanese owner Wisdom Marine has announced that the board has approved a proposal to order two 115,000dwt oil tankers at…
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Tanker price sentiment springs a leak
Tim Smith, senior analyst at Maritime Strategies International, warns secondhand price erosion in the tanker market has some distance to…
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