Tankers
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Great Eastern Shipping offloads suezmax pair
Great Eastern Shipping has announced the sale of two of its oldest suezmax tankers, the 200-built pair Jag Lateef and…
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ABS and DSME partner up on solid oxide fuel cell development
Classification society ABS and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have signed a joint development project (JDP)…
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Sogestran invests in De Poli Tankers to jointly acquire Team Tankers’ European chemical tanker business
Chemical tanker consolidation continues apace. France’s Sogestran Group is taking a majority stake in Dutch chemical tanker specialist De Poli…
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Greek aframax tanker hit by explosive device in Saudi Arabia
The Maltese-flagged aframax tanker vessel , operated by George Economou’s TMS Tankers, was reportedly struck by an explosive device at…
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Weekly Broker: Dry bulk finally bottoms out
The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost…
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Zodiac Maritime takes two Xihe VLCCs
In the latest sell-off from Xihe creditors in Singapore, Eyal Ofer-led Zodiac Maritime has snapped up two VLCCs, the 2011-built…
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Suez Canal slashes tolls in half for laden VLCCs heading from Europe to Asia
With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash…
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Frontline seals $485m refinancing
John Fredriksen’s Frontline has entered into three senior secured term loan facilities for a total of up to $485.2m. The…
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India looks to double oil refining capacity in next five years
India is planning to double its oil refining capacity in the next five years, the country’s prime minister Narendra Modi…
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Rongsheng Holding forms strategic partnership with Cosco
Chinese private petrochemical group Zhejiang Rongsheng Holding has signed a framework agreement with state-run shipping conglomerate Cosco Shipping Group to…
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Monjasa buys chemical tanker from Golden-Agri Stena
Danish marine fuels company Monjasa has announced the acquisition of a 2009-built 9,200 dwt chemical tanker from Golden-Agri Stena, a…
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Petraco renews charter agreements with Navigazione Montanari
Lugano-based Petraco has renewed its charter ties with Navigazione Montanari for 2021. Thanks to the renewed links with Navigazione Montanari…
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Global seaborne trade to contract 3.6% in 2020
While 2020 is on course to be a rare year where global seaborne trade volumes will fall, the average distance…
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Samsung Heavy wins suezmax orders as well as giant Zvezda contract
Centrofin Management has been revealed as the firm ordering a raft of suezmaxes at Samsung Heavy Industries. The Korean yard…
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Beihai Shipping signs order for shuttle tanker pair with DSIC
Shanghai-based Beihai Shipping has entered into a shipbuilding contract with Dalian Shipbuilding Industry (DSIC) for the construction of two 155,000…
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Weekly Broker: Smaller bulk carriers dominate
The flourishing bulk carrier sale and purchase market saw a slight slowdown this week with smaller vessels dominating the market…
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ADS, shorn of its VLCC fleet, outlines future investments
Bjørn Tore Larsen, chairman of ADS Crude Carriers, has outlined why the company decided to sell off its fleet of…
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Torm acquires MR tanker pair from Cido Shipping
Danish owner Torm has acquired two 2010-built MR tankers from Hong Kong-based Cido Shipping. Both Clarksons and VesselsValue are reporting…
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Building global traders
Signal Maritime Services CEO, Panos Dimitracopoulos discusses how to best give new chartering executives the skills needed to work to…
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Weekly Broker: Holding out for an improved market
There has been another strong week for bulk carrier secondhand sales in all size groups. Investors are still in search…
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