Tankers
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Union Maritime seals another MR acquisition
UK-based Union Maritime has sealed its third MR purchase this year. Brokers say Union Maritime is the buyer of a…
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Modern bulkers fetch high prices
Over the weekend, brokers report two rare modern bulker deals, ships sold shortly after being circulated for sale. The price…
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SFL ships out oldest suezmax
New York-listed diversified owner SFL Corporation has shipped out its oldest suezmax tanker at a profit. The John Fredriksen-controlled company…
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UN taps Boskalis to remove oil from decaying FSO off Yemen
Boskalis’ SMIT Salvage has been tasked to remove oil from the decaying floating storage and offloading unit (FSO) moored off…
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Secondhand crude tanker values hit highest levels recorded in 15 years
Prices of secondhand crude tankers have reached their highest level in 15 years, backed by a reconfigured global oil trade…
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Sea Transport adds MR tanker
Aminu Umar-led Sea Transport, one of Nigeria’s leading tanker players, with nine tankers in its fleet, is tied by brokers…
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Panagiotidis to buy $19.5m worth of shares in Castor tanker spinoff Toro
Castor Maritime’s Nasdaq-listed tanker spinoff Toro is selling 8.5m shares for $19.46m to Pani Corp, a company controlled by its…
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Greeks dominate Russian oil exports
The tanker fleet engaged in the Russian trade post-sanctions is predominantly Greek-operated and composed mostly of older aframax and MR…
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Significant fleet expansion at Uni-Tankers
Denmark’s Uni-Tankers is pressing ahead with significant expansion of its stainless steel fleet, announcing four new time charter ships and…
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Evalend in for suezmax pair
In the tanker sector, Clarksons Research is reporting South Korea’s Hyundai Samho Heavy Industries has won an order for two…
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Missing tanker found off Ivory Coast, all crew safe
The , a Singapore-flagged bunker tanker boarded by pirates off Ivory Coast on April 10, was found over the weekend…
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Chevron and Angelicoussis Group explore ammonia shipping
Chevron is teaming up with Greece’s Angelicoussis Group to explore how tankers can be used to transport ammonia. Ammonia in…
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Cash buyers making fortunes flipping vintage tankers
The extraordinary sums paid for vintage tanker tonnage in the wake of Russia’s war with Ukraine is seeing cash buyers…
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Odfjell places its tankers under the microscope
Norwegian chemical tankers owner Odfjell has tapped Danish environmental engineering firm ReFlow to carry out a lifecycle assessment (LCA) of…
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Shades of grey overshadows dark fleet
Tanker experts at BRS argue in their latest weekly report that shipping should no longer refer to the non-mainstream flotilla…
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Hin Leong trial gets underway in Singapore
The criminal trial of the 81-year-old insolvent Hin Leong founder Lim Oon Kuin, better known as O K Lim, got…
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EGPN in for chemical tankers at Wuhu Shipyard
Multiple brokers are reporting Chinese owner EGPN has ordered four firm plus four optional 18,500 dwt chemical tankers at Wuhu…
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Scorpio Tankers pounces on six more leased ships
New York-listed Scorpio Tankers continues to reduce its debt by exercising more purchase options. The Emanuele Lauro-led operator of 113…
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Shipping Corp of India privatisation process moves a step closer
Shares in Shipping Corporation of India (SCI) leapt today following a report carried by Reuters that the government would press…
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Chengxi Shipyard seals orders for 11 ships
Chengxi Shipyard in China has sealed new orders for a total of 11 ships spread between Japan’s Kumiai Senpaku and CITIC…
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