Tankers
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ADNOC mulls Gunvor swoop
Abu Dhabi National Oil Company (ADNOC) is reportedly looking to buy all or part of the Swiss-based commodity trading giant…
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Performance Shipping fixes newly acquired LR2 ahead of delivery at $45,000 per day
Nasdaq-listed Performance Shipping has fixed its LR2 aframax product tanker it agreed to acquire in August this year to commodity…
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Scorpio Tankers declares purchase option on LR2
Monaco-headquartered Scorpio Tankers has exercised an option to buy the 2016-built LR2 product tanker from Norway’s Ocean Yield. This 110,000…
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Nordic American Tankers sends suezmax on one-year charter
New York-listed suezmax specialist Nordic American Tankers (NAT) has fixed one of its 2010-built vessels to an undisclosed energy major.…
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New UCL report claims $850bn of LNG-capable tonnage risks being stranded by 2030
A new report from the influential UCL Energy Institute argues that as much as $850bn of tonnage is at risk…
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Tanker asset values remain in the ascendant
Secondhand tanker prices, which have been on a tear for months, are hitting highs not seen for more than a…
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Claus Gronborg steps up to lead Maersk Product Tankers
Maersk Tankers’ chief investment officer, Claus Gronborg, has been appointed CEO of Maersk Product Tankers, taking over from Christian Ingerslev…
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Tufton takes fleet to 23 with Marinakis tankers buy
Tufton Oceanic Assets has acquired a pair of secondhand product tankers, taking its fleet to 23 vessels. The London-listed fund…
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D’Amico snaps up Japanese MR tanker
Italy’s d’Amico International Shipping (DIS) has declared a purchase option on the 2017-built MR product tanker , chartered in from…
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Top dollar for ice class aframaxes as Russian winter approaches
One of Turkey’s fastest growing shipping companies, Beks Shipmanagement and Trading, has sold a popular ice-class aframax in an overheated…
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Concordia Maritime sells its three oldest product tankers in strong market
Sweden’s Concordia Maritime has sold three sixteen-year-old product tankers to an undisclosed European buyer at a price said to be…
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Maersk Tankers bolsters executive team
Denmark’s Maersk Tankers is adding two new leaders to its executive team as it moves to reorganise the business that…
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American Shipping Company raises $40m to back offshore vessel deal
Oslo-listed owner of Jones Act compliant tankers, American Shipping Company (AMSC), who earlier this year expanded its portfolio with the…
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Sharma’s shipowning unit highly active in the S&P markets
Tanker secondhand prices have been on a tear for the past few months. One canny watcher of these price movements…
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Tankers set to profit further from G7 and EU action against Russia
Last week saw the G7 group of countries – Canada, France, Germany, Italy, Japan, the United Kingdom and the United…
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DHT announces 100% of net income as new dividend policy
DHT Holdings, the New York-listed tanker giant, yesterday announced a new dividend policy with 100% of net income being returned…
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Greathorse completes chemical exit
Greathorse Shipping’s sell-off of its chemical division has been completed. Multiple broking reports show the China-based owner and operator, part…
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Design approval sealed for DSME’s ammonia-powered VLCC
Korean yards offering ammonia-fuelled ship designs are growing in number. At Gastech this week in Milan, class society Lloyd’s Register…
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Oaktree offloads Hafnia stake
Private equity firm Oaktree has sold nearly half of its shareholding in BW-controlled tanker giant Hafnia through an overnight book-building…
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Mystery surrounds this week’s big Frontline share play
US investment bank Goldman Sachs has emerged as a new major shareholder in John Fredriksen’s tanker firm Frontline. In a…
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