Tankers
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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The certain uncertainty
Denis Petropoulos, president of Braemar Group Asia, ponders what freight rates mean for the next year. If there is ever…
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Team Tankers: Keen to play central role in chemical tanker consolidation
Westport: The chemical tanker is set for significant consolidation and Team Tankers is keen to play a central role in…
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Frontline, Euronav and Diamond S form Suezmax Chartering
Major tanker owners Frontline, Euronav and Diamond S Shipping have formed Suezmax Chartering, a joint venture through which the companies…
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Minerva linked with TMT VLCC auction
The , one of the few the remains of Nobu Su’s shipping empire TMT, has ben sold at an auction…
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PDVSA payment problems leave millions of barrels of BP crude in limbo
Four oil tankers are waiting outside the Caribbean island of Curacao, unable to come in and discharge their loads totalling…
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KSS orders chemical trio at Dae Sun
South Korea’s KSS Line has ordered three small chemical tankers at compatriot Dae Sun Shipbuilding. The 3,500 dwt vessels are…
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