Tankers News - Oil, Chemical and Products Tanker Shipping Industry Updates

Tankers

Weekly Broker: Bulker slide, tankers glide

November 22nd, 20180 Bulker prices are falling while tanker values are jumping. As the year closes are we closing in a moment where these two sectors cross in different directions? What is...

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...

Tankers

More palm oil shipments likely to be targeted by Greenpeace

November 21st, 20181 Ships moving palm oil around the world have been warned they could be targeted for boarding by environmental activists. On Saturday morning, six Greenpeace activists...

Tankers

Chemikalien Seetransport buys out Rigel Schiffahrts

November 21st, 20180 Hamburg’s Chemikalien Seetransport (CST) has bought our Bremen-based chemical and product tanker firm Rigel Schiffahrts in the latest chapter of shipping consolidation...

Tankers

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...

Tankers

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...

Tankers

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...

Tankers

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...

Tankers

Ship Finance International offloads VLCC

November 19th, 20180 John Fredriksen’s Ship Finance International (SFI) says it has agreed to sell 2002-built VLCC tanker to an unrelated third party. The vessel, which is scheduled...

Tankers

GNG Ocean Shipping secures financing for chemical tanker pair

November 19th, 20180 China’s state-owned GNG Ocean Shipping has entered into an agreement with BNP Paribas for the financing of two of the company’s newbuild chemical tankers. Under...

Tankers

Crude tanker rates predicted to consolidate as US softens Iranian sanctions

November 16th, 20180 Crude tanker rates are predicted to consolidate by brokers Simpson Spence Young (SSY) on the back of the surprise decision by the US to show some leniency in its...

Tankers

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...

Tankers

Raffles Shipping books up to six chemical tankers at Wuchang Shipbuilding

November 16th, 20180 Singapore’s Raffles Shipping is expanding its chemical tank fleet. The company has entered into a shipbuilding contract with CSIC-affiliated Wuchang Shipbuilding for...

Tankers

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...

Tankers

Weekly Broker: Owners unfazed by dry bulk freight rate collapse

November 15th, 20180 The final quarter is proving to be the busiest three-month period of the year for secondhand transactions, and the buying has not slowed despite a precipitous drop seen...

Tankers

Gestioni Armatoriali sells tanker pair to Chandris Hellas

November 14th, 20180 Piraeus-based shipping company Chandrios Hellas is reported as the new operator of a pair of MR2 tankers bought by Italy’s Gestioni Armatoriali and already renamed...

Tankers

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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Splash Dash

Concord Maritime tanker pool up and running with Atlas and Emarat vessels
Tanker commercial management firm Concord Maritime, launched in April by Ben Ognibene, has revealed... Dec 14th, 2018 inTankers
Green propulsion likened to a gold rush
The pursuit of cleaner propulsion solutions has created “a sort of gold rush atmosphere” among... Dec 14th, 2018 inTech
Chinese port sets out to overhaul Singapore’s bunkering dominance in the low sulphur era
Zhoushan in the east of China has set out to overhaul Singapore as the world’s top bunkering hub... Dec 14th, 2018 inBunkering
Intertanko: Sulphur cap will take two years to bed in
Paolo d’Amico, head of d’Amico Società di Navigazione group, has added a couple more titles to... Dec 13th, 2018 inMaritime CEO
China, the sulphur cap and the valemax playbook
This week China outlined its own sulphur cap plans which are set to kick in earlier than the global... Dec 13th, 2018 inGreater China

Russian shipping firm faces bankruptcy over alleged dealings with North Korea

Green propulsion likened to a gold rush

Ulrich Müller resigns from Belships

Laurin returns with new role in Gothenburg

Concord Maritime tanker pool up and running with Atlas and Emarat vessels

Blackstone, KKR and Macquarie reportedly interested in taking over OOCL’s Long Beach facility

Maersk Broker buys into NAODAN Chartering

Petrobras to cut more than 50 jobs from Houston office

ADES secures seven-year jackup extension in Saudi Arabia

Adnoc loads LPG and propylene onto the same vessel in landmark shipment

Abu Dhabi’s Goldilocks buys into Gulf Navigation

Swissco offloading 25 vessels to Allianz Middle East

Russian shipping firm faces bankruptcy over alleged dealings with North Korea

Crane occupied in DSME strike

FSL plans vessels sales to fund newbuild product tanker pair

NYK fixes long-term LNG contracts with Diamond Gas International

Chinese port sets out to overhaul Singapore’s bunkering dominance in the low sulphur era

China, the sulphur cap and the valemax playbook

Anglo-Eastern fires captain found to be three times over the drinking limit

Noble adopts Bermuda plan to square off its restructuring process

Nordic American Tankers offloads ageing suezmax pair