Tankers
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Bahri inking deal for up to 10 VLCCs with Hyundai Heavy
Seoul: Bahri, Saudi Arabia’s tanker giant, is lining up an order for up an order for up to 10 tankers…
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New shipping line established in Zhoushan
Shanghai: Zhejiang Xinyihai Shipping, a new shipping company, has been established in Zhoushan and will officially start operation on May…
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Tankers coming under attack once a fortnight in SE Asian waters
Singapore: Latest figures from the International Maritime Bureau show ships are being hijacked in Southeast Asian waters on average once…
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“World’s largest” conventional buoy mooring system opens in Angola
London: Puma Energy has opened what it says is the “world’s largest” conventional buoy mooring (CBM) system for loading and…
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SEA-Vista gets $300m loan to expand the company
London: SEA-Vista, the joint venture between SEACOR Holdings and Avista Capital Partners, has secured a $300m credit facility that it says…
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Near term outlook grim: Sea Asia Global Forum
Singapore: The mood was mixed among panellists at the Sea Asia Global Forum this morning. The lead start to the…
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Oaktree passes threshold for mandatory takeover of Torm
Copenhagen: The path has been cleared for Oaktree Capital to take over Denmark’s Torm. Thus far 92% of shareholders have…
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Tim Huxley stars on Splash TV: ‘Contrarian’ views on bulker buys
Hong Kong: Tankers look “set fair” in the coming months and the fact bulk carriers have fallen in price so…
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Tanker ordering in first quarter hits eight-year high
London: The positive sentiment surrounding tankers has seen owners rush to place more orders in the past quarter than at…
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Suezmax tanker fixtures show more loading in West Africa and the Caribbean
London: Crude-hungry Asian economies and US refiners are diversifying the sources of their crude oil imports – to the benefit of suezmax…
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Ultrapetrol suffers impairment loss from failed ship sales
London: Ultrapetrol’s former owners have turned down an offer to purchase four vessels from the company, which has incurred an…
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Concern over oil storage shortages
Dubai: Certain parts of the world are facing acute shortages in oil storage, notably China, a port executive from the…
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Capital Product Partners equity offering could raise up to $140.3m
London: After announcing a public offering of 12.8m common units in its limited partnership yesterday, Capital Product Partners says the units will…
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Navios fixes a VLCC and two MR2 tankers
London: Navios Maritime Acquisition Corp has fixed a VLCC to Shell and two MR2 product tankers on one-year timecharters. The…
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Capital Product Partners plans equity offering to fund debt repayments
London: Capital Product Partners (CPLP) is planning a public offering of 12.8m common units representing limited partnership interests, from which the…
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Qatar Navigation in talks with UACC on tanker merger
Doha: Another tanker giant is forming in the Middle East with news Qatar Navigation (Milaha) has opened talks with United…
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TOP Ships details charter deal with Stena Weco
Athens: TOP Ships has taken delivery of the StenaWeco Evolution, a 50,000 dwt product tanker, the second of six vessels…
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D’Amico Group: Cousins take the cover of latest Maritime CEO magazine
Rome: Today sees the launch of the latest issue of Maritime CEO magazine. On the cover are the cousins who…
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Bahri inks $667m oil shipping deal with S-Oil
Dubai: National Shipping Company of Saudi Arabia (Bahri) has signed an agreement with South Korea’s S-Oil Corp to ship crude…
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Morten Arntzen appointed new chairman of Team Tankers International
Oslo: Team Tankers International, formerly Eitzen Chemical, has announced that it is appointing Morten Arntzen as chairman of the company. The appointment…
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