Tankers
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Shipping warned sanctions inflation is running ‘red hot’
The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data…
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Capsized barge stops spilling oil off Tobago
The oil spill from a capsized barge near the Caribbean island of Tobago has stopped. Trinidad and Tobago’s government said…
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Crude tanker newbuild contracting jumps 490%
In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m dwt, a 490% leap year-on-year,…
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TEN books shuttle tanker newbuild in South Korea
Greek owner Tsakos Energy Navigation (TEN) has returned to Samsung Heavy Industries for more shuttle tankers. Shipbuilding sources have listed…
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Houthis move to tighten grip on Red Sea shipping
Emboldened by their first ship sinking the Houthis are now insisting any ships entering their territorial waters need to obtain…
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Hafnia buying back five ships
Product tanker giant of Singapore’s BW Group, Hafnia, has revealed a series of vessel repurchases on the back of record…
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New benchmark set with sale of Norwegian VLCC
The sale of a Norwegian-flagged VLCC has set a new benchmark as tanker values continue to climb. The Korean-built, eight-year-old…
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Secondhand ship prices and sales volumes scale heights
Secondhand tanker and bulker prices are at highs not seen for more than a decade, with owners scrambling for all…
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Joint investigation points to identity of tug owner involved in Tobago oil spill
In the hunt to find the owners of a tug and a barge responsible for one of the Caribbean’s worst…
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Trafigura inks debut VLCC orders
One of the world’s largest charterers, Trafigura, is addressing the market shortage of modern supertanker tonnage by signing up to…
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DHT orders four VLCC newbuilds from South Korea
New York-listed tanker giant DHT Holdings has entered into agreements to build four very large crude carriers (VLCCs) in South Korea with…
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Eastern Pacific uses up options for LNG dual-fuel tankers and ammonia-powered bulkers
Singapore-based Eastern Pacific Shipping (EPS) has placed an order for two LNG dual-fuel oil tankers and four ammonia dual-fuel bulkers…
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Indian-classed fleet more than doubles since Putin’s full-scale invasion of Ukraine
In the two years since Russia’s full-scale invasion of Ukraine, the number of ships classified as shadow or dark has…
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Tobago oil slick spreads more than 800 km west
Heavy fuel bunker oil leaking from a mysterious 48-year-old capsized barge off the coast of Tobago has spread hundreds of…
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China, Japan and Greece in a league of their own in latest shipowning charts
Which nation has the world’s most valuable commercial fleet? Two of shipping’s best-known data providers cannot agree. VesselsValue yesterday unveiled…
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Grey fleet set to become darker: BRS
Luxembourg-headquartered broker BRS has warned the grey fleet is likely to become darker as more focused sanctions squeeze Russia’s export…
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Records tumble for vintage suezmax prices
Tankers that in previous cycles would have become extinct are being pressed into action for ever longer periods with valuations…
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Great Eastern takes Ardmore MR
Last week, Great Eastern Shipping revealed that it had expanded its fleet with an MR product tanker acquisition. Now broker…
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Images emerge from Houthi escalation of attacks on shipping
The missile attack by Houthi militants on the Rubymar, a ship carrying a cargo of fertilizer, has led to an…
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Russia’s Sovcomflot hit by US sanctions
Russia’s Sovcomflot and 14 tankers linked to its operations have found themselves on the US sanctions list as part of…
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