Tankers
-
MOL announces Ikeda’s successor
Japan’s largest shipowner, Mitsui OSK Lines (MOL), is shuffling top management with Junichiro Ikeda moving upstairs to chairman and Takeshi…
Read More » -
Rystad warns the world might not have enough oil to meet demand through 2050
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower…
Read More » -
Standards being developed for methanol-powered tankers
A coalition of Hyundai Mipo Dockyard, MAN Energy Solutions and the Methanol Institute have commenced a project that will enable…
Read More » -
Aframax sales dominate
En bloc deals have been dominating shipping headlines, with more selloffs, to be signed in the weeks to come. With…
Read More » -
CSSC Shipping fixes suezmax deal with the Restis family
Greece’s Restis family has sold a suezmax to CSSC Shipping, according to a release on the Hong Kong Stock Exchange…
Read More » -
Maersk Tankers sells 14 MRs for $422m
Maersk Tankers has sold 14 product tankers to CDB Leasing for $422m, the Chinese bank revealed in a release to…
Read More » -
Glencore appoints new CEO
Commodity trading giant Glencore has appointed Gary Nagle as its new CEO, replacing Ivan Glasenberg who will retire as CEO…
Read More » -
Chevron follows Exxon in slashing capital spending
Covid-19’s seismic effect on the fortunes of tanker owners is beginning to become clearer. Yesterday American energy major Chevron announced…
Read More » -
ADNOC orders VLCC trio at DSME
Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW282bn ($257m) order to build three VLCCs for Abu Dhabi National…
Read More » -
Xihe quartet placed into Maersk Tankers pools
Maersk Tankers has taken over the running of four product tankers owned by Singapore’s Xihe Holdings, which is currently under…
Read More » -
Danish Ship Finance discusses stranded assets and peak seaborne trade volumes in new report
Danish Ship Finance has released its latest shipping market review. The 69-slide presentation, led by Christopher Rex, has a strong…
Read More » -
Waterfront Shipping orders eight methanol-powered tankers at Hyundai Mipo
Canada’s Waterfront Shipping Company, a subsidiary of methanol producer and supplier Methanex Corporation, is adding eight new methanol dual-fuel tankers…
Read More » -
Four kidnapped from Diamond S Shipping product tanker
Diamond S Shipping has confirmed that four crew have been kidnapped from its product tanker . The vessel, managed and…
Read More » -
Images emerge of hull damage from Saudi mine blast
Images have emerged of the damage done to the , an aframax belonging to George Economou’s TMS Tankers, which was…
Read More » -
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…
Read More » -
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)…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »