Category: Tankers
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‘Ambition is not yet reaching the fixture desk’: RightShip warns of reward deficit for responsible owners
‘Ambition is not yet reaching the fixture desk’: RightShip warns of reward deficit for responsible owners A new 37-page report published today by vetting specialist RightShip makes clear the growing frustration among owners who invest in safer, greener operations yet see little commercial recognition for it, with just 27% of charterers polled saying they offer…
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Ferry, tanker collide off Singapore’s Southern Islands
Ferry, tanker collide off Singapore’s Southern Islands Jens Karsten Go to baird maritime
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India’s revived yard lands $220m Norwegian chemical tanker deal
India’s revived yard lands $220m Norwegian chemical tanker deal Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes…
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“Less polluting” vessel order volume flat as emissions rules unclear
“Less polluting” vessel order volume flat as emissions rules unclear Reuters Go to baird maritime
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Odfjell reports Q3 2025 net result of $43m
Odfjell reports Q3 2025 net result of $43m Alan Bosworth Go to baird maritime
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AET expands dual-fuel fleet with suezmax pair at Samsung Heavy
AET expands dual-fuel fleet with suezmax pair at Samsung Heavy AET has placed an order at Samsung Heavy Industries (SHI) for two LNG dual-fuel suezmax tankers, further expanding its fleet of lower-emission vessels. The Singapore-based tanker arm of Malaysia’s top shipping line, MISC, said the latest deal marks a key step in its push to…
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Splash Wrap: Pirates, crews and cyberstorms
Splash Wrap: Pirates, crews and cyberstorms Compared to recent months, geopolitics did not muscle into many Splash headlines this week, the final days of the tit-for-tat port fees levied by the US and China, which are set to come to an end on Monday. The most shocking news came from the Horn of Africa, where…
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Vitol mourns the loss of shipping CEO Kit Kernon
Vitol mourns the loss of shipping CEO Kit Kernon Oil-and-products trading giant Vitol today announced the passing yesterday of Kit Kernon, CEO of its shipping arm Vitol International Shipping (VIS). Kernon, aged 56, died in Singapore, sources say, from a suspected heart attack while out jogging. Since 1997, he helmed Vitol’s shipping division, building it…
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AET orders LNG dual-fuel Suezmax duo
AET orders LNG dual-fuel Suezmax duo AET has awarded shipbuilding contracts to South Korea’s Samsung Heavy Industries (SHI) for two LNG dual-fuel Suezmax tankers. The post AET orders LNG dual-fuel Suezmax duo appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz
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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,…
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Somali pirates board tanker in deepwater attack
Somali pirates board tanker in deepwater attack A Malta-flagged products tanker has been boarded by armed pirates in the Indian Ocean. According to maritime security specialists Vanguard Tech and Ambrey, the Hellas Aphrodite was attacked early today, approximately 549 nautical miles east-southeast of Hobyo, Somalia, far beyond the traditional high-risk area. The 50,000 dwt vessel,…
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EuroHoldings makes first move into tankers with MR buy from Latsco
EuroHoldings makes first move into tankers with MR buy from Latsco EuroHoldings, the Nasdaq-listed offshoot of Greek containership owner Euroseas, has taken its first step into the tanker market with the acquisition of an MR product carrier from fellow Latsis family company Latsco Shipping. The 2015-built, 49,997 dwt Hellas Avatar will change hands for $31.83m,…
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Performance Shipping aframax lands two-year ExxonMobil charter
Performance Shipping aframax lands two-year ExxonMobil charter Greek tanker owner Performance Shipping has signed a fresh two-year charter deal for its 2013-built aframax P Long Beach with ExxonMobil’s shipping arm, SeaRiver Maritime. The 105,408 dwt vessel will start the new employment at a daily rate of $30,500 upon redelivery from its current charterer, expected around…
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Nordic American Tankers readies suezmax newbuilds in South Korea
Nordic American Tankers readies suezmax newbuilds in South Korea Nordic American Tankers (NAT) is heading back to South Korea for fresh tonnage, with a letter of intent signed for two suezmax newbuilds worth about $86m apiece. The Herbjørn Hansson-led company said deliveries are planned for the second half of 2028, with a final shipbuilding contract…
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KNOT moves to take KNOT Offshore Partners private
KNOT moves to take KNOT Offshore Partners private New York-listed shuttle tanker owner KNOT Offshore Partners (KNOP) has received a buyout proposal from its parent company, Knutsen NYK Offshore Tankers AS (KNOT), aiming to acquire all publicly held common units and take the New York-listed partnership private. The unsolicited, non-binding offer proposes a cash consideration…
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Splash Wrap: Deals, diplomacy and disruption
Splash Wrap: Deals, diplomacy and disruption Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this…
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Greek owner JHI Steamship books aframax tankers in South Korea
Greek owner JHI Steamship books aframax tankers in South Korea Greek shipowner JHI Steamship has signed up for its first-ever newbuildings in South Korea, ordering two firm plus one optional 115,000 dwt aframax tankers at K Shipbuilding. Shipbuilding sources said each vessel is priced at $75m, with deliveries set for 2027–2028. The deal, valued at…
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Tanker rates poised to close 2025 with best year in a decade
Tanker rates poised to close 2025 with best year in a decade The year 2025 is shaping up to be the best year for tankers in a decade, according to analysis carried in the October issue of Splash Extra, now available to read for free. Year-to-date average VLCC earnings of $44,279 are the best since…
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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…
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Tanker News Roundup | October 29 – Russian and Chinese LNG carriers, bunkering ship for France and more
Tanker News Roundup | October 29 – Russian and Chinese LNG carriers, bunkering ship for France and more Baird Maritime Go to baird maritime
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Queue times for commodity vessels off Chinese ports hit highs not seen since 2022
Queue times for commodity vessels off Chinese ports hit highs not seen since 2022 Xi Jinping’s meeting with Donald Trump in South Korea later this week cannot come soon enough to smooth troubled commodity supply chains with vessels backing up off China on a scale not seen for years. Queue times for commodity vessels off…
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Port fees: from temporary problem to structural risk to trade?
Port fees: from temporary problem to structural risk to trade? Sagitta Marine managing director Thomas Zaidman on what happens if fair and unimpeded port access becomes a tool of trade policy. After decades lying in the long grass, geopolitical forces have re-emerged as a key operational risk. This is not to say that politicians especially…
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Bruton finalises contracts for additional firm and optional VLCC newbuildings
Bruton finalises contracts for additional firm and optional VLCC newbuildings Jens Karsten Go to baird maritime
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Yinson takes Maran VLCC
Yinson takes Maran VLCC Singapore’s Yinson Production has quietly extended its footprint into the VLCC segment, sealing a deal with Greek powerhouse Angelicoussis Group for the 317,100 dwt Maran Antares (built 2012, Daewoo). The price remains undisclosed, though VesselsValue estimates the ship’s market worth at around $68m — marking Yinson’s youngest tanker purchase to date. …
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Why realism, not rhetoric, will drive shipping’s path to net zero
Why realism, not rhetoric, will drive shipping’s path to net zero Philippos Ioulianou, managing director of EmissionLink, writes for Splash today. The decision by the International Maritime Organization to delay the Net-Zero Framework by a year has exposed deep divisions. What should have been a coordinated global effort toward decarbonisation has resulted in paralysis at…
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Metrostar sails out of crude trade with double suezmax sale
Metrostar sails out of crude trade with double suezmax sale Greek shipowner Metrostar Management has sold its final two suezmax tankers to compatriot Delta Tankers, marking its full exit from the crude carrier business. Brokers said the Theodore Angelopoulos-led outfit has offloaded the 2021-built, 156,800 dwt Crude Levante and Crude Zephyrus, both constructed at New…
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Bruton firms up VLCC order at New Times Shipbuilding
Bruton firms up VLCC order at New Times Shipbuilding Tor Olav Trøim-backed Bruton has finalised contracts with New Times Shipbuilding in China for two scrubber-fitted VLCC newbuildings, with options for two more of the same design. The Oslo-listed company said the deal was concluded through its wholly owned subsidiary Andes Tankers III, which has now…
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Stena offloads fire-damaged tanker for repair in Turkey
Stena offloads fire-damaged tanker for repair in Turkey Stena Bulk has sold the fire-damaged Stena Immaculate to an undisclosed buyer who plans to repair the vessel at Desan Shipyard in Turkey. The Swedish tanker owner confirmed the sale, saying the deal involves the 2017-built 49,700-dwt MR unit, which was badly damaged in a collision with…
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Urals crude diffs weaken as freight to Asia becomes more expensive
Urals crude diffs weaken as freight to Asia becomes more expensive Reuters Go to baird maritime
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China and India step back from Russian oil under US pressure
China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years. News has emerged in the past…
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Splash Wrap: Sanctions, shadow fleets, and shifting tides
Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…
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Zodiac Maritime takes the plunge with suezmax orders in Vietnam
Zodiac Maritime takes the plunge with suezmax orders in Vietnam UK-headquartered Zodiac Maritime has achieved another shipbuilding first, becoming the first client of Samsung Heavy Industries’ newly controlled Vietnam shipyard, committing to three firm conventionally fuelled suezmax tankers with options, priced at $80m per unit and delivering in 2028. Each vessel, with a capacity of…
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Trump’s Russian oil sanctions set to redraw global tanker trading map
Trump’s Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, in what he described as “tremendous sanctions” aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to…
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How geopolitics is redrawing the world’s shipping routes
How geopolitics is redrawing the world’s shipping routes Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated…
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Alberta Shipmanagement makes boxship debut with Chinese newbuild order
Alberta Shipmanagement makes boxship debut with Chinese newbuild order Greek owner Alberta Shipmanagement has made its first move into the containership sector, joining a growing number of traditional tanker and bulker players diversifying their fleets. Industry databases show the Athens-based company has ordered two 1,930 teu vessels at CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries…
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ORIX steps in to save Japan’s greying shipowning class
ORIX steps in to save Japan’s greying shipowning class Japan is well known for its acute demographic timebomb. More than 29% of its population is aged 65 or older — the highest proportion globally — while the birth rate continues to fall, reaching a record low in 2024. The working-age population is shrinking rapidly, straining…
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CMB.TECH continues fleet renewal with fresh sales
CMB.TECH continues fleet renewal with fresh sales Belgium’s CMB.TECH has pushed ahead with its fleet renewal strategy, confirming disposals in wet and dry secondhand markets, while adding new tonnage across multiple segments. The Antwerp-based shipowner confirmed the sale of the 2007-built 306,543 dwt VLCC Dalma for a reported $48m after passing dry dock. The deal,…
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Great Eastern offloads veteran tanker in ongoing fleet refresh
Great Eastern offloads veteran tanker in ongoing fleet refresh India’s Great Eastern Shipping has sold another older tanker as part of its ongoing fleet renewal drive. The Mumbai-listed company said it has sealed a deal to sell the 2005-built 48,500 dwt Jag Pooja to an unaffiliated third party. VesselsValue estimates the ship’s market value at…
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Three bodies recovered following service boat capsize off Mozambique’s Beira Port
Three bodies recovered following service boat capsize off Mozambique’s Beira Port Gareth Havelock Go to baird maritime
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China, US port fees disrupt cargo flows, push up rates
China, US port fees disrupt cargo flows, push up rates Reuters Go to baird maritime
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Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows
Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows Reuters Go to baird maritime
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IMO delays controversial carbon tax move following US intervention
IMO delays controversial carbon tax move following US intervention Reuters Go to baird maritime
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IMO fails to agree Net-Zero Framework, pushes talks to 2026
IMO fails to agree Net-Zero Framework, pushes talks to 2026 Negotiations at the International Maritime Organization (IMO) have broken down without agreement on the Net-Zero Framework, leaving the shipping industry facing another year of uncertainty over how its decarbonisation will be regulated. Delegates at the Marine Environment Protection Committee’s extraordinary session in London voted to…
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Navios Partners nets $69m from vessel sales as it boosts charter cover
Navios Partners nets $69m from vessel sales as it boosts charter cover Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing several ships on new charters. The Angeliki Frangou-led, New York-listed…
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Seven missing after service boat capsizes off Mozambique’s Beira Port
Seven missing after service boat capsizes off Mozambique’s Beira Port Gareth Havelock Go to baird maritime
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Danica flags rise in falsified records in tanker crew CVs amid wage surge
Danica flags rise in falsified records in tanker crew CVs amid wage surge Internal screening by crewing specialists Danica has revealed that between 5% and 10% of job applications for tanker vessels contain false information, due to a strong demand for experienced crew pushing wages upwards. According to the company, the discrepancies range from exaggerated…
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Baltic Exchange charts new routes for Canadian crude trade
Baltic Exchange charts new routes for Canadian crude trade The Baltic Exchange has expanded its tanker benchmark portfolio with two new aframax routes reflecting the rise of Canadian crude exports to Asia and growing geopolitical uncertainty in global oil trade. The new assessments — TD28, which tracks voyages from Vancouver to Ningbo, China, and TD29,…
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France’s Sogestran taps Chinese yard for bunker tanker pair
France’s Sogestran taps Chinese yard for bunker tanker pair Gareth Havelock Go to baird maritime
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Marinakis in for Hengli VLCC
Marinakis in for Hengli VLCC Greek shipowner Evangelos Marinakis is expanding his VLCC newbuilding programme, signing a contract for a 306,000 dwt supertanker at China’s Hengli Heavy Industries. The deal, valued by shipbuilding sources at around $118m, aligns with similar VLCC deals struck by owners John Fredriksen and George Procopiou at the Dalian-based yard, with…
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Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite
Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite $1.7m. That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson Waikiki are being forced to pay to allow the vessel to dock in Shanghai, a sizeable sum, and an indication of the chaos, and costs, that…
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Sogestran orders two new bunker tankers in China
Sogestran orders two new bunker tankers in China France’s Sogestran Group is upgrading its bunker tanker fleet with an order for two new vessels at China Merchants Industry Yangzhou Dingheng Shipyard. The deal, which extends a long-standing partnership between its subsidiary Maritima with Petroineos in southern France, covers 4,500 cu m newbuilds set to replace…
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IMO’s green dream meets America’s red line
IMO’s green dream meets America’s red line While the majority of opening statements at yesterday’s opening of the latest Marine Environment Protection Committee (MEPC) were broadly in favour of the International Maritime Organization’s (IMO) Net-Zero Framework (NZF), the US delegation stood out once again for its outspoken opposition to the proposed green legislation. The American…
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Fratelli Cosulich’s new methanol-powered bunkering tanker launched in China
Fratelli Cosulich’s new methanol-powered bunkering tanker launched in China Jens Karsten Go to baird maritime
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US eases some penalties tied to foreign-built ships, toughens others
US eases some penalties tied to foreign-built ships, toughens others Reuters Go to baird maritime
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FEATURE | China imposes new port charges on US ships in tit-for-tat move
FEATURE | China imposes new port charges on US ships in tit-for-tat move Reuters Go to baird maritime
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US proposes visa restrictions, sanctions against UN members that back IMO’s net zero delusion
US proposes visa restrictions, sanctions against UN members that back IMO’s net zero delusion Reuters Go to baird maritime
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US hits Iranian energy export network and Chinese import hub in sweeping sanctions move
US hits Iranian energy export network and Chinese import hub in sweeping sanctions move The US has imposed sweeping sanctions on a vast network tied to Iran’s oil and gas exports, blacklisting more than 50 individuals and entities and identifying more than 30 vessels linked to shipments of sanctioned crude and LPG — including one…
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Sanctions list swells, momentum fades
Sanctions list swells, momentum fades Over the past five years, the number of sanctioned vessels has expanded steadily, rising from around 350 in September 2020 to roughly 1,700 by September 2025, according to analysis from maritime analytics firm Kpler. The overlap between various administrations sanctioning ships is also finally starting to grow with greater coordination…
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Tanker News Roundup | October 10 – Russian LNG carrier submarine project, Korean chemical tanker order and more
Tanker News Roundup | October 10 – Russian LNG carrier submarine project, Korean chemical tanker order and more Baird Maritime Go to baird maritime
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Oil prices trend down following Gaza truce
Oil prices trend down following Gaza truce Reuters Go to baird maritime
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USTR fees could impact 35% of key sectors’ ships: BIMCO
USTR fees could impact 35% of key sectors’ ships: BIMCO When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect next week on October 14, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subject to…
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Dynacom snaps up four Hengli VLCC resales
Dynacom snaps up four Hengli VLCC resales Greek shipowner Dynacom Tankers is expanding its vast crude carrier programme with a fresh quartet of VLCC newbuildings at China’s Hengli Heavy Industries, adding to the two it contracted last year. Shipbuilding sources said the 306,000 dwt vessels are part of a series originally ordered by Hengli Group…
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Denmark tightens checks on shadow fleet
Denmark tightens checks on shadow fleet The Danish government yesterday announced it is tightening environmental and safety inspections of oil tankers—especially older, high-risk ships—passing through its waters or anchoring at Skagen Red, a key anchorage at the gateway between the Baltic and North Seas. Environment minister Magnus Heunicke said older vessels pose particular threats to…
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US unveils payment rules for new China vessel fees
US unveils payment rules for new China vessel fees US Customs provided over the weekend more details about the upcoming hiked port fees for Chinese-linked tonnage, due to come into effect next week. The notice makes clear: the burden for determining liability lies squarely with the vessel operator, not US Customs. Vessels failing to show…
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US crude shipments surge to highest since 2024 amid strong Asia buying
US crude shipments surge to highest since 2024 amid strong Asia buying Reuters Go to baird maritime
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Finnish court drops Baltic subsea cable case against Eagle S crew
Finnish court drops Baltic subsea cable case against Eagle S crew A Finnish district court has dismissed charges against the captain and two officers of the Eagle S tanker, ruling that Finland has no jurisdiction to prosecute over the damage of critical subsea infrastructure in the Baltic Sea last year. The case, seen as a…
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Shadow tanker accused of being Europe’s drone mothership
Shadow tanker accused of being Europe’s drone mothership The Boracay, an 18-year-old Russian-linked tanker seized by French commandos off Brest this week, has been placed at the scene of up to nine drone incidents across northern Europe, according to a Daily Telegraph analysis of AIS tracking. The newspaper reports the vessel was within striking distance…
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Advantage Tankers firms fresh VLCC and suezmax orders in South Korea
Advantage Tankers firms fresh VLCC and suezmax orders in South Korea Geneva-based Advantage Tankers has stepped up its move into the large tanker segment with fresh orders in South Korea, adding one very large crude carrier (VLCC) and two suezmaxes to its books. Industry sources said the Tugrul Tokgoz-led outfit has exercised an option for…
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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…
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Nanjing Tanker extends fleet renewal with Dalian brace
Nanjing Tanker extends fleet renewal with Dalian brace China’s Nanjing Tanker has strengthened its newbuilding programme with an order for two LR1 panamax crude/product carriers. The Shanghai-listed owner, part of China Merchants Group, has contracted the 65,000 dwt units at Dalian Shipbuilding Industry Corporation. The deal is valued at around $137m, with delivery set for…
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KNOT Offshore Partners bags Equinor charter extension
KNOT Offshore Partners bags Equinor charter extension Shuttle tanker player KNOT Offshore Partners has firmed up its backlog with Equinor after agreeing to extend the charter of one of its vessels to March 2029. The deal covers the 2011-built Bodil Knutsen and also includes two further one-year options. The New York-listed company said the extension…
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Latsco ends MR order drought with K Shipbuilding deal
Latsco ends MR order drought with K Shipbuilding deal Greek shipowner Latsco Shipping has returned to the product tanker newbuilding market after nearly a decade, with sources linking the company to a fresh order at South Korea’s K Shipbuilding. Shipbuilding players in Athens and Seoul said Latsco, controlled by the Latsis family and led by…
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UNCTAD warns shipping is entering a period of fragile growth and mounting uncertainty
UNCTAD warns shipping is entering a period of fragile growth and mounting uncertainty Global shipping is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025 released yesterday by UN Trade and Development (UNCTAD). After firm growth last year, seaborne trade is expected to stall in…
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Comoros takes action on dark fleet
Comoros takes action on dark fleet Israeli maritime analytics firm Windward is reporting that the government of Comoros has begun a clean-out of its international registry, a flag which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and Venezuelan oil. There are now 62 tankers, three liquefied petroleum gas carriers and one…
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Surging VLCC rates propel ClarkSea Index to two-year high
Surging VLCC rates propel ClarkSea Index to two-year high Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as of last Friday, 50% above the 10-year trend. VLCC rates leapt last…
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SCI teams up with refiners to grow India’s MR fleet
SCI teams up with refiners to grow India’s MR fleet India’s state-owned Shipping Corporation of India (SCI) is joining forces with the country’s top refiners to launch an expansion of the MR tanker fleet, part of New Delhi’s drive for greater energy and maritime security. According to the Economic Times, SCI is forming a joint…
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Urals crude diffs firm up, while CPC Blend loadings remain steady
Urals crude diffs firm up, while CPC Blend loadings remain steady Reuters Go to baird maritime
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Samsung Heavy Industries under fire for failure to report workplace mishaps
Samsung Heavy Industries under fire for failure to report workplace mishaps Jens Karsten Go to baird maritime
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Russia’s new budget measure aims to shield finances from sanctions and low oil prices
Russia’s new budget measure aims to shield finances from sanctions and low oil prices Reuters Go to baird maritime
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FACTBOX | US and Europe’s trade with Russia continues despite sanctions
FACTBOX | US and Europe’s trade with Russia continues despite sanctions Reuters Go to baird maritime
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Urals crude diffs stable as drone attack disrupts Russian oil terminal
Urals crude diffs stable as drone attack disrupts Russian oil terminal Reuters Go to baird maritime
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Oil prices jump after Ukrainian drones hit key Russian export terminal
Oil prices jump after Ukrainian drones hit key Russian export terminal Reuters Go to baird maritime
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Korea Shipowners’ Association hits out at POSCO’s HMM takeover plans
Korea Shipowners’ Association hits out at POSCO’s HMM takeover plans The Korea Shipowners’ Association has hit out at reports the country’s top steel mill is being linked with taking over national flagship, HMM. Splash reported last week that advisors from Samil PwC and Boston Consulting Group have been working with POSCO on feasibility studies for…
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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…
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Tsakos adds to VLCC orderbook at Hanwha Ocean
Tsakos adds to VLCC orderbook at Hanwha Ocean Greece’s Tsakos Energy Navigation (TEN) has expanded its VLCC newbuilding programme at South Korea’s Hanwha Ocean, adding one firm vessel and securing an option for a fourth. The new order builds on the two 320,000 dwt units TEN booked at the yard earlier this year. Those ships,…
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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…
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British Virgin Islands maritime authority expands vessel flagging access to over 75 Jurisdictions
British Virgin Islands maritime authority expands vessel flagging access to over 75 Jurisdictions Gareth Havelock Go to baird maritime
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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…
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Evalend swells suezmax orderbook in South Korea
Evalend swells suezmax orderbook in South Korea Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected…
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Imperial Petroleum reports profits in Q2 and H1 2025
Imperial Petroleum reports profits in Q2 and H1 2025 Alan Bosworth Go to baird maritime
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Splash Wrap: From tankers to tech
Splash Wrap: From tankers to tech Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14.45% holding in its Danish rival from Oaktree Capital Management in a deal worth about $311.4m leading many analysts to speculate whether this is…
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TB Marine and Ektank sign for chemical tanker newbuilds
TB Marine and Ektank sign for chemical tanker newbuilds German owner TB Marine and Sweden’s Ektank have signed up for 22,000 dwt methanol-ready chemical carriers to join the IceChem Tankers pool. The Danish pool operator said four ships have been contracted, with the first newbuild due in autumn 2026, and subsequent units arriving every three…
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Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree
Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and…
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HD Hyundai kicks off shipbuilding in Philippines with steel-cutting ceremony
HD Hyundai kicks off shipbuilding in Philippines with steel-cutting ceremony Gareth Havelock Go to baird maritime
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IceChem Tankers inks newbuilding contracts for four chemical carriers
IceChem Tankers inks newbuilding contracts for four chemical carriers Gareth Havelock Go to baird maritime
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Lomar taps pilot-assist tech for tanker trial
Lomar taps pilot-assist tech for tanker trial Lomar’s tanker unit, CB Tankers, has seen one of its chemical carriers fitted with Mythos AI’s advanced pilot assistance system (APAS) as part of a year-long trial to test next-generation bridge intelligence in commercial shipping. The installation onboard the 2020-built CB Pacific marks the first deployment of APAS…
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Tanker, bulk carrier collide off Singapore’s Tanah Merah region
Tanker, bulk carrier collide off Singapore’s Tanah Merah region Gareth Havelock Go to baird maritime
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Eastern Pacific chemical tanker attacked by the Houthis
Eastern Pacific chemical tanker attacked by the Houthis A chemical tanker owned by Idan Ofer’s Eastern Pacific Shipping came under attack from the Houthis yesterday. The five-year-old, 20,000 dwt Scarlet Ray reported an explosion nearby while underway passing the coastline of Saudi Arabia. No casualties or damage to the ship was reported, with the vessel…
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Danish shipping group USTC pushes back against press attacks
Danish shipping group USTC pushes back against press attacks United Shipping & Trading Company (USTC), the Danish shipping and logistics group owned by the Østergaard-Nielsen family, has filed a complaint with the Danish Press Council against the daily tabloid Ekstra Bladet, accusing it of breaching press ethics in its reporting on founder Torben Østergaard-Nielsen. The…
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Europe moves to snap back Iran sanctions
Europe moves to snap back Iran sanctions Britain, France and Germany have triggered a 30-day process to reimpose United Nations sanctions on Iran, a move that threatens to shake up tanker markets. The so-called snapback mechanism, launched on Thursday, would reinstate wide-ranging sanctions suspended under the 2015 nuclear accord, including restrictions on oil exports, financial…