Tankers
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Great Eastern Shipping expands fleet with MR product tanker
Indian owner Great Eastern Shipping has bought a 2010-built MR product tanker of about 49,999 dwt. The vessel is expected…
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Oil from capsized vessel off Tobago makes its way back to Venezuela
Illicit oil shipped from Venezuela at the end of last month is making its way back home albeit in the…
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Scorpio Tankers signs up for emulsion bunker fuel systems across entire fleet
FOWE Eco Solutions has entered into a memorandum of understanding with New York-listed shipping giant Scorpio Tankers to license FOWE’s…
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Ardmore replaces oldest MR with younger model
Ireland-based tanker firm Ardmore Shipping has initiated a fleet renewal with the disposal of its oldest MR, while bringing in…
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Magni Partners orders two more VLCCs from New Times
Tor Olav Trøim’s private investment vehicle Magni Partners has doubled its VLCCs order from China-based New Times Shipbuilding with two…
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Mystery behind Tobago spill partially resolved
The mystery behind last week’s big oil spill off Tobago has been partially resolved. Analysis by Bellingcat, a Netherlands-based investigative…
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Scorpio Tankers buying back four more ships
New York-listed Scorpio Tankers is continuing to release its fleet out of sale-and-leaseback debt with four more ship repurchases. The…
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Volatility in shipping hits extreme levels
An industry known for its volatility has entered a new period of extreme swings in earnings. New research carried out…
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CMB’s takeover of Euronav reaches final stage
The Saverys family-controlled Compagnie Maritime Belge (CMB) has officially launched a mandatory public takeover bid on all shares in one…
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Manila readies to charge shipowner over tanker sinking
The Department of Justice (DOJ) in Manila is finally getting around to press charges against the shipping company RDC Reield…
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Stena Bulk charters in MR tanker newbuild quartet
Swedish shipowner Stena Bulk has expanded its fleet with long-term charter agreements for four eco medium range (MR) tanker newbuilds.…
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KNOT signs for more shuttle tankers in China
Knutsen NYK Offshore Tankers (KNOT) has penned a new contract with Cosco Shipping Heavy Industry (Zhoushan) for up to four…
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India forecast to lead oil demand growth this decade
India will surpass China as the largest source of oil demand growth in the world this decade, according to a…
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Furetank orders dual-fuel product tanker pair
Swedish shipowner Furetank has ordered two dual-fuel product tankers from China Merchants Jinling Shipyard in Yangzhou with delivery expected at…
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Washington unveils further sanctions against Russian-linked tanker operators
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of…
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ExxonMobil lines up shuttle tanker newbuilds
US supermajor ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea. Shipbuilding sources report Samsung…
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Swiss Re report captures the extent of global shipping disruption
Insurer Swiss Re has come up with a chart to highlight the dramatic changes to the world seaborne map in…
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Marinakis and Fredriksen ink large VLCC orders in China
With one announcement from China, the tiny global VLCC orderbook has swelled by 60%. Dalian Shipbuilding Industry Co (DSIC) has…
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NYK and Stolt Tankers venture orders six chemical tankers
NYK Stolt Tankers, a joint venture between Japanese line Nippon Yusen Kaisha (NYK) and chemical tanker giant Stolt-Nielsen, has ordered…
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