Tankers
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Furetank and Algoma JV doubles up on product tanker newbuilds
Sweden-based Furetank and Canada’s Algoma Central Corporation are expanding their product tanker joint venture with four additional newbuilds, bringing the…
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Performance Shipping lines up $37m financing
Nasdaq-listed Greek tanker owner Performance Shipping has arranged a $37.4m loan with Piraeus Bank as part of its fleet expansion…
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Controversial Young Yong VLCC refloated
The controversial VLCC was refloated today, two weeks after it ran aground off the Riau Islands in Indonesia. The laden…
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Euronav offloads another ageing suezmax
The suezmax rejuvenation programme at Euronav proceeds apace with the Belgian tanker owner revealing today it has sold the 2006-built…
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Performance Shipping fixes another aframax to Glencore’s ST Shipping at bumper rate
Greek tanker owner Performance Shipping has secured long-term employment for its recently acquired aframax in a new and improved charter…
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India’s foreign minister touches down in Moscow for key trade talks
India’s foreign minister S Jaishankar touched down in Moscow this morning for talks with his counterpart Sergei Lavrov as trading…
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Delicate operation to remove grounded VLCC off Batam could take up to a month
Indonesia reckons it will take up to a month to free a grounded laden VLCC in the Singapore Strait. The…
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Energifonden buys Viken’s aframax
Sweden’s Energifonden has again invested in energy logistics with the purchase of an aframax tanker from Norwegian owner Viken Shipping.…
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Equatorial Guinea to send arrested VLCC and its crew back to Nigeria
The Marshall Islands-flagged very large crude carrier and its crew, arrested earlier this year by Equatorial Guinea forces over alleged…
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Growing dark fleet poses safety risks
The growing use of the so-called dark fleet is resulting in accidents. With Russia joining Iran and Venezuela in seeking…
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Tanker asset plays pay dividends
The tanker S&P market remains active, with vintage tonnage still dominating broker columns. The focus now has switched from VLCCs…
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Singapore investigates local owner wanted by the FBI over links to North Korea
A Singaporean shipowner, Kwek Kee Seng, wanted by the US on suspicion of violating sanctions on North Korea, is in…
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UK confirms it will not insure ships carrying Russian oil
The UK treasury has confirmed it will not allow any British insurers to cover ships carrying Russian oil from December…
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South Africa presses ahead with national shipping line plans
Pretoria is pressing ahead with the creation of a national shipping line, something that has been on the drawing board…
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Odfjell buys back five and charters in four
Norwegian chemical tanker operator Odfjell has exercised the option to buy back five vessels on lease and chartered in four…
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Euronav and Frontline merger saga to drag on into 2023
The proposed merger between European tanker giants Euronav and John Fredriksen-led Frontline has been delayed to next year. In a…
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Performance Shipping seals funds for Glencore tanker buy
Greek tanker owner Performance Shipping has secured a term loan facility to partially finance its seventh vessel purchase. The Nasdaq-listed…
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Hafnia eyes hydrogen and ammonia shipping as it comes onboard $7.5bn project in the US
Oslo-listed product tanker unit of BW Group, Hafnia, has teamed up with energy startup Clean Hydrogen Works (CHW) to explore…
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HMM adds two more VLCCs
South Korea’s HMM is spending some of its box riches bolstering its VLCC arm. Brokers report HMM has bought two…
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Laden VLCC aground near Singapore gas pipeline
A very delicate refloating operation is required in Indonesian waters where a laden VLCC has run aground in the busy…
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