Tankers
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Officials give up on $92m extra payout over Exxon Valdez spill
Both federal US authorities and Alaskan state officials have given up efforts to recover $92m in damages from ExxonMobil for…
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One in, one out for Polembros
Polembros Shipping of Greece is busy in the secondhand market. Yesterday, Splash reported that the 43-year-old company has spent in…
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One more aframax tanker for Polembros
Polembros Shipping of Greece is to add another aframax tanker to its fleet of dry and liquid bulk carriers. George…
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Team Tankers offloading older chemical tankers
Oslo-listed Team Tankers International continues to offload older, smaller tonnage. Brokers report that the Morten Arntzen-led firm received $5.2m from…
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Augusta Due: Hold and consolidate
Rome: The recent improvement experienced in seafreight rates for tankers is helping some shipping companies to recover from their complex…
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Knot Offshore Partners buys shuttle tanker
Knot Shuttle Tankers, part of NYSE-listed Knot Offshore Partners, is to acquire the registered owner of the shuttle tanker Ingrid…
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Sino-Global commences share buy-back programme
NASDAQ-listed Sino-Global Shipping America has begun a stock repurchase programme in which the China-backed company plans to spend up to…
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NYK in for Mipo product pair
Brokers report that the Tokyo-based Nippon Yusen Kaisha (NYK) has gone to South Korea with an order for two 52,000…
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US House votes through bill to repeal oil export ban
As many predicted, the US House of Representatives on Friday voted through a bill that could repeal the country’s ban…
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Traders book product tankers for floating storage of diesel
As bulk storage for petroleum products nears maximum capacity in Europe, traders are now booking tankers for use as floating…
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VLCC timecharter rates hit a peak
US trader Koch Logistics this week fixed a VLCC tanker at the highest reported rate for a one-year timecharter seen…
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Presidential veto threat makes House vote on lifting oil export ban seem futile
Despite the political manouevring and speculation about a bill to lift the US ban on oil exports it will probably…
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Tsakos Energy Navigation fixes three LR2s on timecharter
Tsakos Energy Navigation (TEN) has fixed three of its LR2 aframax tankers on timecharters to “a major European oil concern”…
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MISC looking at VLCCs and FPSOs
Malaysia’s top shipping line MISC is in the market for secondhand crude tankers, so long as they can be backed…
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Beykim Petrolculuk in deal with old friend Team Tankers
Turkish chemical tanker player Beykim Petrolculuk is taking advantage of the record low prices in the secondhand market and has…
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Laugfs Maritime buys second LPG carrier
Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has bought its second LPG carrier. The 3,500 cu…
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New head of Odfjell Tankers named
Harald Fotland has been named the new head of Odfjell Tankers, moving up from his previous position of senior vice-president/chief…
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Maersk Tankers in for another handy
Maersk Tankers is to add a modern unit to its handy tanker fleet. The Copenhagen-based shipping company declined to comment…
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Eletson orders three LR2 product tankers
Eletson Corp has ordered three LR2 product tankers from China’s Shanghai Waigaoqiao Shipbuilding shipyard, plus an option for another. The…
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LGR di Navigazione: Tanker switch
Naples: Following the sale of four modern gas carriers to the Rotterdam-based shipping company Anthony Veder, LGR di Navigazione intends…
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