Tankers
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Indian govt shoots down Cairn India’s crude oil export proposal
New Delhi: India’s Petroleum ministry has shot down a proposal from Cairn India to export crude oil from its Barmer…
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Truong Phat Loc Shipping busy buying and selling
Hanoi: A Ho Chi Minh City-headquartered tanker player has been busy in the sale and purchase markets of late. Brokers…
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Prime Marine swoops for $214m product resale quartet
Athens: Brokers report that Greece’s Prime Marine has come in for four product tanker resales, shelling out a total of…
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Gener8 Maritime files in New York for $100m IPO
New York: Private equity-backed tanker operator Gener8 Maritime filed on Friday with the SEC to proceed with an initial public…
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Bahri in for 5 plus 5 VLCCs
Dubai: Saudi Arabian tanker giant Bahri announced over the weekend that it has concluded a deal with South Korea’s Hyundai…
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Saga Tankers eyes SD Standard Drilling takeover
Athens: SD Standard Drilling’s (SDSD) new majority shareholder Saga Tankers says it intends to make a mandatory offer for the remaining shares in…
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Tsakos Energy Navigation wants to be large and in charge
Athens: On the back of sustained improvement of tanker markets and of its financial results, Tsakos Energy Navigation (TEN) says…
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Maersk Tankers pays $30.5m for 3-year-old MR ship
Oslo: Brokers report the the Danish tanker giant, Maersk Tankers, has bought the 51,000 dwt MR product tanker Flagship Iris…
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HMM sells two VLCCs to Sinokor for $100m
Athens: South Korea’s Hyundai Merchant Marine has sold two VLCCs to its compatriot Sinokor for $50m each, brokers told Splash today. The Korean-built…
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Ridgebury Crude Tankers buys two aframaxes
Athens: Ridgebury Crude Tankers (RCT) says it intends to purchase two tankers from its sister company Ridgebury Aframax Tankers (RAT) for a below-market price…
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NewLead bitumen tanker wins new timecharter
Athens: A “first-class charterer” has timechartered a NewLead Holdings bitumen tanker for a minimum of one year. The new contract includes…
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Frontline Management: New boss on the cover of Maritime CEO magazine
Oslo: The new boss of Frontline Management is on the cover of the latest issue of Maritime CEO magazine, which…
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MOL tops Maritime CEO Rich List 2015
Singapore: Today sees the publication of Maritime CEO’s second annual Rich List. The survey, held in association with online pricing…
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Singapore government calls on Iran to investigate Alpine Eternity incident
Singapore: The Maritime and Port Authority of Singapore (MPA) has issued a statement today over the dramatic incident last week…
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Maran Tankers orders two more suezmaxes
Athens: Angelicoussis-led Maran Tankers Management has ordered two further suezmax tankers from South Korea’s Daewoo Shipbuilding and Marine Engineering. The 156,000-dwt…
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Nanjing Tanker receiver to raise $7.1m via share disposal
Shanghai: State run logistics giant Sinotrans & CSC Group has announced that the receiver of its delisted oil shipping arm,…
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BP takes coastal tanker out of operation in Australia, crew protest
Athens: Closure of one of BP’s Australian refineries has prompted the oil major to take one of its coastal product…
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Essar Shipping: Banking on a young fleet
Mumbai: For a little under seven years since August 2008, Captain Anoop Kumar Sharma has been functioning as CEO of…
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Shots fired at tanker by Iran were ‘part of a legal dispute’
Athens: Iranian patrol boats today fired shots at a tanker in the Straits of Hormuz to intercept the ship, against…
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Chemical tanker latest to be fired on by Iranian Navy
Dubai: Another cargo ship has come under fire from Iranian authorities sending jitters through the shipping industry as the vital…
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