Tankers
-
Houston Ship Channel’s first post-ban cargo of US oil set for export
A week after Corpus Christi, Texas, became the first port of departure for a US oil cargo since the export…
Read More » -
EC approves merger of Nordic Tankers and Borealis Maritime
The European Commission (EC) has greenlit the formation of Crystal Nordic, a 50:50 joint venture (JV) between Nordic Tankers and…
Read More » -
CMES offloads six bulkers
China Merchants Energy Shipping (CMES) has announced that it has sold six aged bulkers for RMB147.86m ($22.43m). The vessels were…
Read More » -
Prime Shipping Corporation orders chemical tanker pair at Ningbo Xinle Shipbuilding
Vietnamese tanker operator Prime Shipping Corporation has signed shipbuilding contracts with Ningbo Xinle Shipbuilding for the construction of two 26,300dwt…
Read More » -
Gener8 Maritime sells MR tanker
Gener8 Maritime has announced that it has entered into a memorandum of agreement for the sale of the 2004-built handymax…
Read More » -
DHT Holdings sells suezmax tanker
NYSE-listed DHT Holdings has confirmed the sale of its 15-year-old suezmax tanker to unnamed buyers for $26.5m, incurring a book…
Read More » -
Xu to head up China Cosco Shipping Group
Beijing’s State-owned Assets Supervision and Administration Commission (SASAC) has given more details of the merger of Cosco and China Shipping,…
Read More » -
Bimco predicts challenging markets in 2016
In his email Peter Sand, chief shipping analyst at shipwoner body Bimco, wished recipients a happy new year. His market…
Read More » -
Happy New Year? Unlikely
The remarkable thing about this past year in shipping is that there have not been more bankruptcies. It does not…
Read More » -
ConocoPhillips and NuStar claim to be first to export US oil since ban lifted
Two Texas-based companies claim to have beaten to the punch another firm from the Lone Star State in being the…
Read More » -
Samudera Shipping sells two small tankers
Indonesia’s Samudera Shipping Line has sold two of its small tankers, Sinar Tokyo (2,900 dwt, built 2004) and Sinar Bukom (3,100 dwt, built…
Read More » -
State approves China Merchants’ purchase of Sinotrans & CSC Holdings
China Merchants has received approval from China’s Assets Supervision and Administration Commission of the State Council for its proposed acquisition…
Read More » -
Sea World Management eyes more tankers
Following the purchase of the from d’Amico Tankers, the Monaco-based Sea World Management (SWM) has reached the threshold of eight…
Read More » -
Concordia Maritime fixes P-MAX tanker on two-year deal
Concordia Maritime has signed a contract to charter out a post-panamax (P-MAX) tanker for two years to an unnamed Chinese…
Read More » -
‘2016 will be a year of caution’
Captain Ashok Sabnis, founder and managing director of Singapore’s Goodwood Ship Management looks at the tanker trades next year, as…
Read More » -
Gulf Navigation confirms new CEO
Gulf Navigation, the Dubai-based tanker firm, has confirmed the appointment of Parag Jain as the company’s new ceo. Jain had…
Read More » -
Bahri picks up VLCC pair from Tanker Investments for $155m
National Shipping Company of Saudi Arabia (Bahri) has announced that its board has approved the acquisition of two 2010-built VLCCs…
Read More » -
TOP Ships secures $15m loan facility
MR tanker specialist TOP Ships has entered been given a $15m unsecured revolving credit facility by Family Trading, a company…
Read More » -
Creditors agree to RBD Armatori rescue plan
Creditors of RBD Armatori shipping company decided to vote “yes” to the latest version of the restructuring plan prepared by…
Read More » -
Enterprise Products Partners likely to be first firm to export US oil since lifting of ban
Houston, Texas-based midstream company Enterprise Products Partners looks likely to become the first firm to export US oil since the…
Read More »