Tankers
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KSOE bags $292m in newbuild orders
Korea Shipbuilding & Offshore Engineering (KSOE) has, through its Hyundai business units, secured newbuild orders worth close to KRW330bn ($292m).…
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International Seaways acquires Diamond S Shipping
Wall Street is losing another shipping stock with US tanker owners International Seaways and Diamond S Shipping agreeing to merge…
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Grindrod offloads tanker trio to increase focus on bulkers
Singapore-headquartered Grindrod Shipping Holdings has announced the sale of three tankers via two separate transactions. The 2013-built MR2 tankers Leopard…
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LR3s set to become a scarce sight on the ocean
LR3s – or coated suezmaxes – are nearing extinction. According to Alphatanker, there are currently just 26 afloat and no…
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Island Navigation in for STX product tanker
Founding members of the Hong Kong Shipowners Association have a history of nurturing yards, whether originally in Japan in the…
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Fire rips through Indonesian refinery
A massive fire ripped through one of Indonesia’s largest oil refineries today. An explosion at a tank at Pertamina’s Balongan…
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Iran shifts oil exports to the Gulf of Oman
In a massive strategic shift for its oil exports, Iran is to funnel much of its crude via a new…
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Navig8 declares purchase option on chemical tanker financed by Ocean Yield
Navig8 Chemical Tankers has declared an option to acquire the 2016-built chemical , currently on a long-term charter from Norway’s…
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‘You cannot sell a man who isn’t listening’
Gray Page’s James Wilkes argues shipping ought to be advertising its usefulness to the general public more often. Have you…
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James Fisher adding pair of LNG dual-fuel product tankers to its fleet
UK-based James Fisher says it will be adding two LNG dual-fuel clean product tankers to its fleet during 2022. The…
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Formosa Plastics prunes tanker fleet
Taiwan’s Formosa Plastics Marine Corporation is back in the secondhand market. It has just sold a 10-year-old ballast water system…
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Valles contracts STX for product tanker
The Koo family-controlled Valles Steamship from Hong Kong has emerged as the contractor for a product tanker at STX Offshore…
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VLCC orderbook grows
Despite miserable days in the VLCC segment owners believe in better days. Eight VLCC newbuildings have been signed so far…
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John Angelicoussis suffers heart attack, daughter takes over as interim CEO
John Angelicoussis, 72, Greece’s largest shipowner, suffered a heart attack on Saturday and is in a serious condition at a…
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NYK secures renewable diesel COA with Neste Shipping
NYK Bulkship, a unit of Japan’s NYK Group, has signed a contract of affreightment (COA) with Finland’s Neste for the…
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Tsakos to join Cargill-Maersk Tankers MR tanker pool
Greek owner Tsakos Group is set to join the Cargill-Maersk Tankers joint MR pool this month, entering three vessels. The…
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Weekly Broker: Bulker scramble
Everyone in shipping is looking on enviously at the dry bulk sector. After so many false dawns over the past…
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China Merchants Jinling awarded domestic newbuild contracts
China Merchants Jinling Shipyard has announced that it has secured two newbuilding contracts from domestic owners. Zhuhai Wang Tong Shipping…
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Pistiolis doubles down on VLCC newbuilds
Evangelos Pistiolis-led Central Group has returned to South Korea for more VLCC newbuilds. Greek brokers Intermodal report the Greek owner…
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Number of VLCCs idling off Singapore leaps
VLCC owners are slow steaming on ballast legs and idling tankers at key hubs, principally Singapore (see map below), as…
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