Tankers
-
Drewry bullish on dry bulk shares
Drewry Maritime Equity Research has turned bullish on dry bulk and cautious on tankers. The company has revealed it has…
Read More » -
Nordic American Tankers fixes suezmax on timecharter
A subsidiary of ExxonMobil has fixed one of Nordic American Tankers’ (NAT) suezmaxes on an 18-month timecharter. The contract includes…
Read More » -
NewLead secures time charter contract
NewLead Holdings has announced that it has entered into a new time charter contract with a European manufacturer of bitumen…
Read More » -
TEN fixes new VLCC on long-term timecharter
Tsakos Energy Navigation (TEN) has fixed its brand-new VLCC Ulysses (300,000 dwt) on a 40-month contract to an unnamed Far…
Read More » -
Frontline confirms sale of six MR tankers to Ardmore
John Fredriksen’s Frontline has confirmed it is the seller of six MR product tankers bought last week by Ardmore Shipping.…
Read More » -
AMPTC takes suezmax options
Arab Maritime Petroleum Transport Co (AMPTC) has exercised options for a pair of coated suezmaxes at South Korea’s Hyundai Heavy…
Read More » -
Bumi Laut: Ready to order MPPs, but not on home soil
Athens: Senior management from one of Indonesia’s oldest shipping lines has been at Posidonia all week looking to order a…
Read More » -
Tsakos Energy Navigation in for Sungdong LR1s
Posidonia is finishing with more Greek ship orders. Sungdong Shipbuilding & Marine Engineering, exhibiting at the Greek show, has contracted…
Read More » -
S&P markets show ‘correlation between market confidence and opportunity recognition’
A glance at secondhand sales done this year shows clearly many view dry bulk as bottoming out price-wise, and investors…
Read More » -
Frontline confirms Metrostar VLCC deal
John Fredriksen’s Frontline has confirmed a deal reported by Splash earlier in the week, acquiring four VLCCs from Metrostar Management…
Read More » -
Otto Marine bags Indonesian product tanker order
Singapore’s Otto Marine, currently the subject of a takeover bid from controlling shareholder Yaw Chee Siew, has secured a shipbuilding…
Read More » -
Marenave might be forced to sell off its fleet
Marenave Schiffahrts has warned its shareholders it might have to sell its fleet of 13 ships as creditors demand it…
Read More » -
Angelicoussis pens orders for DSME VLCCs and LNG carriers
Posidonia wouldn’t be Posidonia without a Greek putting pen to paper for a headline grabbing newbuild contract. John Angelicoussis, who…
Read More » -
RightShip: Big Data tool set to launch
Warwick Norman sits, sipping coffee in the early morning sunshine beside the pool at the Astir Palace, the hotel that…
Read More » -
Frontline takes Metrostar VLCC resale quartet for $260m
Deals are being struck left, right and centre at this year’s Posidonia, and unsurprisingly one of the biggest names of…
Read More » -
Ardmore Shipping acquires six MR tankers
Ardmore Shipping Corporation has announced that it has reached agreement to acquire six MR product/chemical tankers for an aggregate purchase…
Read More » -
Shandong Shipping signs oil shipping deal with Shandong Dongming Petrochemical
Shandong Shipping has announced that it has signed an oil shipping letter of intent (LOI) with Shandong Dongming Petrochemical. Under…
Read More » -
Ridgebury looking at ‘older’ tonnage
Ridgebury Tankers is still looking at acquiring secondhand tonnage, CEO Robert Burke told the TradeWinds Shipowners Forum, held at Posidonia…
Read More » -
Morits Skaugen: ‘Why there is a big discount on crude oil tanker stocks’
Oslo: Last Friday, Morits Skaugen, ceo of Norwegian tanker firm IM Skaugen, helped set the scene for likely talking points…
Read More » -
New boss and new name for China Shipping Development
China Shipping Development has announced that it has appointed Sun Jiakang, as the new president of the company to take…
Read More »