Tankers

Brightoil gives up fleet sale plan

November 22nd, 20180 Brightoil Petroleum has announced that it has decided to terminate the commercial negotiation of 15 vessels in its fleet due to a change in the shipping market...

LR1s selling at knockdown prices

November 21st, 20180 A host of LR1 tankers, less than 10 years of age, are filling this week’s broker reports. Three ships that have been circulating for sales for months have finally...

Kunlun Shipping adds third VLCC

November 21st, 20181 Shanghai registered Kunlun Shipping has emerged as the taker of Moundreas’s NGM Energy’s oldest VLCC, adding the 17-year-old 309,700 dwt , renamed Tian Ying Zuo, a...

Baota Petrochemical chairman arrested

November 19th, 20180 Chinese independent refiner Baota Petrochemical Group has announced that its chairman and controlling shareholder Sun Hengchao has been arrested by authorities for...

Poten bought out by BGC Partners

November 19th, 20180 One of the world’s best known tanker brokers, Poten & Partners, has been bought out. BGC Partners has taken over the 80-year-old, New York-headquartered company...

2019 predictions and beyond

November 16th, 20180 As is customary at this time of the year the editor tells me to stick my neck on the line and make my predictions for 2019. Let’s start with the hottest game in...

Yasa sells aframax to Soechi

November 15th, 20180 Shortly after Yasa started recirculating five bulkers for sale, the Turkish owner’s fleet renewal is picking up pace. The first ship sold is an aframax tanker, the...

Algoma adds product tanker

November 12th, 20183 Canada’s Algoma Central Corporation has grown its tanker fleet to seven with the acquisition of a 2008-built product tanker. Algoma did not reveal the identity of...
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