Tankers
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Euronav pounces on VLCC newbuilds
Flush with cash having nailed its best Q2 results ever, Belgian tanker owner Euronav is adding tonnage with a deal…
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Lila Global lets go of its last LR1 tanker
United Arab Emirates-based Lila Global tanker arm is shrinking rapidly. The owner, a sister firm to ship recycling giant GMS, has…
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China beats Greece to become the world’s largest shipowning nation by gross tonnage
For the first time in the modern era, China can now boast the world’s largest merchant fleet in gross tonnage…
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UN completes delicate operation to remove oil from stricken FSO off Yemen
On Friday evening, the United Nations successfully completed the transfer of oil from the FSO off Yemen’s Red Sea coast,…
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Shipping Corp of India offloads ageing tanker
Shipping Corp of India (SCI) has offloaded its ageing MR1 product tanker for an undisclosed sum. The company said in…
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Wuchang Shipbuilding gets order for chemical tanker duo
Chemical tanker player Xingtong Shipping has ordered two stainless steel chemical tankers from Wuchang Shipbuilding, a subsidiary of the China…
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International Seaways orders two LR1 tankers at K Shipbuilding
US tanker owner International Seaways has contracted two LR1 product carrier newbuilds for construction at South Korea’s K Shipbuilding. The…
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Hafnia and Socatra order four methanol-powered MR tankers in China
Hafina and French joint venture partner Socatra have ordered four methanol-powered MR tankers at Guangzhou Shipyard International (GSI) in China,…
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Growing Panama Canal congestion a rates ‘wild card’
Delays at the Panama Canal averaged about 15 to 19 days per vessel in the first week of August, with…
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Fifth Korean company linked with HMM takeover
A fifth Korean company has emerged as a suitor in the takeover of HMM, the country’s flagship carrier. State-backed creditors…
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Performance Shipping seals $20m refinancing
Greek tanker owner Performance Shipping has refinanced its existing loan from 2019, in a deal with Nordea Bank for a…
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China’s Kunlun Shipping reemerges with VLCC acquisition
In a market where Chinese takers of older VLCC prefer to stay private, it’s noteworthy that in one of the…
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Port call count highlights differing hub adherence among sectors
Different shipping sectors have mixed hub concentration levels, new data from Clarksons Research shows. In terms of capacity, it is…
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Jaldhi Overseas books more MRs at Yangzi-Mitsui Shipbuilding
Singapore-based owner Jaldhi Overseas has returned to Yangzi-Mitsui Shipbuilding (Yamic) for more MR tankers. Clarksons Research reports the company has…
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KNOT Offshore Partners names new CEO
New York-listed shuttle tanker player KNOT Offshore Partners has appointed Derek Lowe as its new chief executive officer. Lowe will…
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Ukrainian sea drone hits sanctioned Russian tanker off Crimea
Russian product tanker has been damaged in a Ukrainian sea drone attack in the Kerch Strait near the bridge that…
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Concordia Maritime left with one ship following latest sales
Concordia Maritime’s fleet sellout continues, leaving the Stena-backed Swedish tanker player with one ship remaining. The Erik Lewenhaupt-led company has…
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Euronav adds $190.5m to sustainability-linked financing
Belgian tanker owner Euronav has clinched a new sustainability-linked loan to finance four newbuilds entering service this year. The $190.5m…
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Maxed out: VLCC and suezmax utilisation forecast to hit close to 100% by 2025
The VLCC bulls are on parade with a host of data points pointing towards an extended boom period. A new…
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Advantage Tankers books suezmax newbuilds in Japan
Advantage Tankers has bolstered its suezmax orderbook with a deal for two newbuilds at Japan’s Nihon Shipyard. The Geneva-based company…
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