Tankers
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Euronav JV pockets $6.5m from suezmax sale
Belgium-based tanker giant Euronav has pocketed a piece of the $6.5m profit from the sale of a seventeen-year-old suezmax jointly…
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Tanker turnaround propels ClarkSea Index to new highs, now double the 10-year average
Shipping’s bountiful start to 2022 is reaping big profits across the main sectors for the first time in years. The…
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Indonesia bans palm oil exports
Indonesia will ban all exports of palm oil and its raw materials from Thursday, president Joko Widodo announced Friday. Indonesia,…
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EGPN pockets swift profit from VLCC play
One of China’s fastest-growing private owners, EGPN Bulk Carrier, is reported to be close to pocketing over $5m on a…
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Russian commodities still flowing west in vast quantities
The difficulties of enforcing sanctions against Russia are becoming increasingly evident with a host of foreign shipowners still making a…
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Larsen’s VLCC vehicle ADS makes return
Dormant for the last 18 months, Terje Bodin Larsen-led ADS Maritime Holding has made a re-entry into the VLCC trades.…
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Phoenix Shipping & Trading: ‘We are living in an inflationary world and that’s good for shipping’
Banker, broker, owner, investor, manager – George Gourdomichalis’s far ranging 33-year career in shipping has earned him the right to…
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Euronav pounces for Hartree’s last two ships
One of the largest names in tanker shipping, Belgian-based outfit, Euronav, is again in the limelight. This time broking sources…
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MOL Chemical Tankers sets out to fuel all its ships with biodiesel from Trafigura
The chemical tanker division of Japan’s largest shipowner, Mitsui OSK Lines (MOL), is forming a biodiesel fuel supply tie-up with…
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Tanker pooling is a crucial tool for decarbonisation
Matthew Smith from Tankers International makes the green case for clubbing together. As consumers and financiers have better understood the…
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Andreas Sohmen-Pao features on the cover of Maritime CEO magazine
Andreas Sohmen-Pao is chairman of BW Group, one of the world’s largest maritime conglomerates with interests in tankers, bulk carriers,…
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Two ships hit by fatal fires in Asian waters
Explosions aboard two ships in Asian waters have left two crewmembers dead and nine others injured. The 2000-built product tanker…
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Saverys family ups stake in Euronav with De Stoop not keen on hydrogen switch
The Saverys family’s Compagnie Maritime Belge (CMB), which has opposed the merger of tanker majors Euronav and John Fredriksen’s Frontline,…
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D’Amico completes fleet renewal plan with sale of ageing product tanker
Italian owner d’Amico International Shipping (DIS) has wrapped up the clearout of its ageing ships. The company’s Irish subsidiary, d’Amico…
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Tanker market weighs winners and losers
Crude trade volumes are revised down but the distances ships must carry it will increase, leading to a more positive…
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Hammonia acquires MR2 pair
Germany-based Hammonia Schiffsholding (HHX) has purchased two modern MR2 chemical tankers from Brodotrogir-affiliated Trogir Maritime for $50.5m. The 2015 and…
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‘We don’t need more of the same’: Alex Saverys on the battle for Euronav
The stage is set for a battle royal between two of Europe’s best known shipping families for control of the…
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Saverys family come out against Fredriksen’s merger plans
John Fredriksen’s pursuit of Euronav faces a number of hurdles not least from the Saverys family who have come out…
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Industry reacts to Frontline/Euronav merger news
Shipping analysts have given the thumbs up to yesterday’s big tanker merger news between Euronav and John Fredriksen’s Frontline, while…
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Idan Ofer invests in Ardmore Shipping
Idan Ofer has been revealed as a major shareholder in Ireland-based Ardmore Shipping. In a filing to the US Securities…
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