Tankers
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Indonesia to lift palm oil export ban
Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said yesterday. The ban in place…
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China Merchants offloads VLCC
China Merchants Energy Transportation (CMES) the energy transport unit of China Merchants Group, has struck a deal to sell its…
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US to ease sanctions, allow Venezuelan oil exports to Europe
The Biden administration has been courting Venezuela since the Russian invasion of Ukraine, hoping to weaken its ties with Russia.…
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Russia takes care of tanker charters to China
Russian oil companies and traders have chartered more than half the vessels chartered to load crude from Russia’s Far East…
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Grindrod Shipping exits tanker sector with final sale
Singapore-based Grindrod Shipping is exiting the tanker sector and remains solely focused on dry bulk following the sale of the…
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Peru files $4.5bn lawsuit against Repsol, other companies for damages from January oil spill
Peru’s National Institute for the Defense of Competition and the Protection of Intellectual Property (Indecopi) filed a civil claim against…
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Eastern Pacific to install carbon capture device on two tankers
Eastern Pacific Shipping (EPS) has signed a definitive agreement with Rotterdam-based Value Maritime to install carbon capture and filtering systems…
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Ordering a VLCC today requires ‘leap of faith’: Poten
Any tanker owner ordering a VLCC today needs to be confident his or her new ship can earn more than…
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Gibsons argues Baltic Exchange VLCC benchmark is no longer relevant
UK shipbroker Gibsons has argued that the Baltic Exchange’s VLCC benchmark is in need of an urgent update to better…
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Carl-Johan Hagman steps down at Stena
Markus Lindbom, Stena Line’s chief commercial officer, is being promoted to take over from Carl-Johan Hagman as CEO of Stena…
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India ramps Russian imports
India’s close ties with Russia have seen it ramp up purchases of bargain commodities in the two and a half…
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American Shipping Company enters offshore sector with Solstad OSCV deal
Aker-dominated owner of Jones Act compliant tankers, American Shipping Company (AMSC), is diversifying its portfolio with the purchase of one…
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Closure of gas pipeline alters Europe’s energy mix further
Gas flows into Europe from Russia were put under further pressure yesterday after a key pipeline in Ukraine called Sokhranivka…
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International Seaways justifies its poison pill tactics
US tanker owner, International Seaways, has responded to John Fredriksen’s charge against the so-called poison pill deployed as a defensive…
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Fredriksen takes aim at poison pill tactics adopted by International Seaways
John Fredriksen has blasted the so-called poison pill tactics deployed by senior management at International Seaways. Fredriksen, who has recently…
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Sovcomflot ship sales start to emerge
Sovcomflot came out on Friday, publicly saying it was looking to sell some of its older tonnage, but dismissed earlier…
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Castor Maritime flips LR2 for $3.8m profit
Nasdaq-listed bulker and tanker owner Castor Maritime has struck a deal with an undisclosed third party to sell its 2002-built…
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Greece leads resistance to ban on European tankers transporting Russian oil
Strong lobbying from shipowning interests has seen the European Union pull back from some of its proposed sanctions on Russia,…
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DHT offloads vintage VLCC pair
New York-listed VLCC owner has sold two older vessels for a total of $78m. The 2006-built DHT Falcon and the…
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Thun Tankers taps Ferus Smit for pair of eco tankers
Sweden’s Thun Tankers, part of Erik Thun, has placed an order at Dutch yard Scheepswerf Ferus Smit for a pair…
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