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Category: Monaco

  • Scorpio Tankers lands long-term LR2 cover and shores up cash with triple sale

    Scorpio Tankers lands long-term LR2 cover and shores up cash with triple sale Monaco-based product tanker owner Scorpio Tankers has locked in long-term cover for two LR2s while agreeing to sell three ships, a move set to boost its cash position by about $110m. The New York-listed company said it has fixed the 2017-built 110,000…

  • Radziwill’s CTM adds firepower with new investors

    Radziwill’s CTM adds firepower with new investors Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders. As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed. CTM…

  • Scorpio Tankers lifts Dalian LR2 order to four ships

    Scorpio Tankers lifts Dalian LR2 order to four ships Scorpio Tankers has declared options for two more scrubber-fitted LR2 product tankers at China’s Dalian Shipbuilding Industry Co, doubling its order at the yard to four vessels. The New York-listed owner revealed the move alongside its fourth-quarter 2025 earnings, confirming that the two option ships are…

  • Scorpio Tankers sheds 11-year-old LR2

    Scorpio Tankers sheds 11-year-old LR2 Monaco-headquartered product carrier major Scorpio Tankers has sold one of its LR2 tankers. The New York-listed owner said the 2015-built scrubber-fitted LR2 product tanker STI Kingsway for $57.5m to an undisclosed buyer. According to the Emanuele Lauro-led company, the sale is expected to close within the first or second quarter…

  • Scorpio Tankers fixes LR2 tandem on five-year charters

    Scorpio Tankers fixes LR2 tandem on five-year charters Monaco-headquartered product carrier major Scorpio Tankers has secured five-year charters for two of its LR2 product carriers at a rate of $29,000 per day. The New York-listed owner said the 2015-built, 110,000 dwt STI Rose and STI Alexis have been fixed to an undisclosed charterer, with the contract starting…

  • Scorpio Tankers pivots from older LR2s to newbuilds

    Scorpio Tankers pivots from older LR2s to newbuilds Scorpio Tankers has moved to refresh its LR2 fleet, agreeing to sell two 2016-built vessels while lining up two scrubber-fitted newbuildings in China. The Monaco-headquartered owner and operator said it has struck a deal to sell the LR2 product tankers STI Goal and STI Gallantry for $52.3m…

  • Scorpio Tankers back in VLCC game with Hanwha Ocean deal

    Scorpio Tankers back in VLCC game with Hanwha Ocean deal Monaco-based Scorpio Tankers has made a surprise return to the crude carrier newbuilding market after more than a decade, signing up for two very large crude carriers (VLCCs) at South Korean yard Hanwha Ocean. The New York-listed product tanker giant has inked letters of intent…

  • Scorpio Tankers refreshes MR fleet with sale and newbuild swoop

    Scorpio Tankers refreshes MR fleet with sale and newbuild swoop Scorpio Tankers is reshuffling its MR product tanker lineup, agreeing to sell four existing vessels while snapping up four modern newbuildings set to join its fleet in 2026 and 2027. The Monaco-headquartered company, led by Emanuele Lauro (pictured), has signed deals to sell four 2014-built,…

  • Monaco owner Transocean breaks into boxships with newbuilds in China

    Monaco owner Transocean breaks into boxships with newbuilds in China Monaco-headquartered Transocean Maritime Agencies has been revealed as the buyer behind an order for containership newbuildings in China, marking the company’s latest fleet expansion and its first step into the box segment. Industry sources and shipbuilding databases show Transocean has contracted two 1,930 teu vessels…

  • Scorpio Tankers banks $122m from LR2 sales

    Scorpio Tankers banks $122m from LR2 sales Scorpio Tankers has agreed to sell two 2019-built LR2 product tankers, taking advantage of firm secondhand prices to strengthen its balance sheet. The New York-listed owner said the scrubber-fitted STI Lobelia and STI Lavender were sold for $61.2m each. Deliveries to the new owners are scheduled for the…

  • Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture

    Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture Tor Olav Trøim is ramping up his return to the tanker business with plans to take a new VLCC venture public, backed by a roster of well-known shipping names. Trøim’s Oslo-listed vehicle Bruton is preparing to merge its two dual-fuel VLCC newbuildings…

  • Scorpio Tankers offloads modern MR for $42m

    Scorpio Tankers offloads modern MR for $42m Monaco-headquartered Scorpio Tankers has struck a deal to sell one of its modern MR product carriers. The New York-listed company is selling the 2020-built scrubber-fitted STI Maestro to an unnamed buyer for $42m, with the sale expected to close in the fourth quarter. Brokers have linked the vessels…

  • Scorpio Tankers boosts coverage with LR2 charter-out deal

    Scorpio Tankers boosts coverage with LR2 charter-out deal Monaco-headquartered product carrier major Scorpio Tankers has secured a five-year charter for one of its LR2 product carriers at a rate of $28,350 per day. The New York-listed owner said the 2014-built, 110,000 dwt STI Orchard has been fixed to an undisclosed charterer, with the contract starting…

  • C Transport Maritime: Radziwill’s take on tariffs and dry bulk

    C Transport Maritime: Radziwill’s take on tariffs and dry bulk Donald Trump’s tariffs have had a surprising effect on the shipping’s largest sector, argues one of the most famous names in dry bulk in today’s Maritime CEO interview. “The shifts in global trades they caused have helped improve the dry bulk freight supply/demand picture mostly…

  • CTM taps in-transit hull cleaning robots

    CTM taps in-transit hull cleaning robots Monaco-based dry bulk pool giant C Transport Maritime (CTM) has invested in CRABI Robotics, a US-based startup developing an autonomous hull cleaning system aimed at tackling biofouling while ships remain in transit. The partnership will also see CTM serve as a pilot partner, helping the robotics firm bring its…

  • Carlos Pena takes over from John Michael Radziwill as CEO of C Transport Maritime

    Carlos Pena takes over from John Michael Radziwill as CEO of C Transport Maritime John Michael Radziwill (pictured right) is shuffling the board at Monaco’s C Transport Maritime, remaining as chairman with key lieutenant Carlos Pena (pictured left) taking over as CEO of the dry bulk concern. CTM, which turned 20 last October, is best…