Tankers
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Bahri orders ten chemical tankers at Hyundai Mipo
Saudi Arabian owner Bahri has entered into an agreement with Hyundai Mipo Dockyard for the construction of ten 49,999 dwt…
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Performance Shipping eyes aframax growth after selling last boxship
Greek owner Performance Shipping, formerly Diana Containerships, has sold its last boxship to complete its reincarnation as a pure-play aframax…
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Shots fired in confusing Somali boarding incident
Confusion surrounds the 1994-built 8,100 dwt chemical tanker with security firms having differing views whether or not this vessel is…
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Two ships collide near Shanghai causing major fire, 14 missing
An oil tanker collided with a sand barge near the estuary of the Yangtze River off Shanghai this morning, with…
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Weekly Broker: Hopeful dry bulk fundamentals
The dry bulk sale and purchase market has reawoken this week. The firmed up chartering market has drawn increased buying…
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Synergy and Norden form joint venture to manage Norden’s tanker fleet
Danish owner and operator Norden has formed a joint venture with Singapore-based shipmanagement group Synergy for the technical management of…
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Cosco orders chemical tanker at Chongqing Chuandong Shipyard
China Shipping Chemical Carrier, a unit of Cosco Shipping Group, has entered into a letter of intent with Chongqing Chuandong…
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Ocean Tankers seeks to get back $19m from the Lim family
The court-appointed manager of Ocean Tankers is seeking to reclaim about $19m from the Lim family directors of the firm,…
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O K Lim charged with forgery
Lim Oon Kuin, founder of Singapore oil firm Hin Leong Trading, was charged in a Singapore court on Friday with…
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Xihe Holdings placed under judicial management
The Singapore High Court has ruled to place Xihe Holdings and four of its subsidiaries, owned by Hin Leong founder…
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Iran accused of taking over tanker off Khorfakkan
Iranian special forces stand accused once again of taking a foreign commercial vessel hostage. The US military published a video…
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Xihe engages V.Group to manage 16 tankers
Singapore-based tanker owner Xihe Group has appointed V.Group as the technical manager of 16 vessels in its tanker fleet. Xihe,…
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Weekly Broker: Waiting for a pick up
Over all it’s been a quiet week in the secondhand ship sale scene, despite many candidates being placed in the…
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Japanese owner behind Hyundai Mipo tanker order
Japanese owners are believed to be behind an order Hyundai Mipo Dockyard has secured for the construction of two 50,000…
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MOL offloads VLCC
Mitsui OSK Lines (MOL) 30-ship strong VLCC arm has let go of the 15-year-old for around $27m. The sale of…
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CSSC Shipping enters sale and leaseback deal with Goldwin Shipping for tanker pair
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has announced that it has entered into sale and…
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Euronav: Crew change crunch is shipping’s ‘largest ever humanitarian and logistical crisis’
Belgian tanker giant Euronav announced its interim results today, and spent plenty of time discussing the crew change crunch. In…
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Weekly Broker: Strengthening dry bulk scene attracts buyers
It has been a strong week for the bulker S&P market with ample completed transactions as the dry bulk chartering…
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K Line to slash fleet to stem red ink
Kawasaki Kisen Kaisha (K Line) is taking drastic action as it fights to contain red ink stemming from the effects…
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SK Shipping acquires Sinokor VLCC quartet
South Korean owner SK Shipping has taken over four VLCCs from compatriot owner Sinokor in an en bloc deal. Multiple…
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