Category: Tankers
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Performance Shipping pens potential aframax sale deal
Performance Shipping pens potential aframax sale deal Greece’s Performance Shipping has entered into a forward sale and exclusivity agreement with an unaffiliated third party for an aframax tanker. Under the agreement, the buyer ensured exclusive rights to submit a bid for the conversion of the P. Sophia tanker in an auction for the provision of…
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50+ nations fold immediately, seek Trump tariff negotiations
50+ nations fold immediately, seek Trump tariff negotiations Reuters Go to baird maritime
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Odfjell eyes up to a dozen newbuilds in fleet renewal drive
Odfjell eyes up to a dozen newbuilds in fleet renewal drive Norwegian chemical tanker owner and operator Odfjell is forging ahead with fleet transition plans that could likely see up to a dozen additional newbuildings join the fleet in the future. The Oslo-listed company revealed in its annual report it is considering a potential construction…
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Panama Canal Authority to open bidding for parallel LPG pipeline
Panama Canal Authority to open bidding for parallel LPG pipeline Reuters Go to baird maritime
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OPINION | Nowhere to hide: Trump tariffs leave trading partners cornered
OPINION | Nowhere to hide: Trump tariffs leave trading partners cornered Reuters Go to baird maritime
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Global shipping ‘stifled’ by Trump’s tariffs
Global shipping ‘stifled’ by Trump’s tariffs Shipping stocks remain under severe pressure today as the world comes to terms with the immensity of Wednesday’s tariff announcements from US president Donald Trump. The average US tariff rate has now been set at just under 25%, levels not seen since the 1930s and the days of the…
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Caspian oil pipeline consortium readies for court battle in Russia over stoppage order
Caspian oil pipeline consortium readies for court battle in Russia over stoppage order Reuters Go to baird maritime
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Trump ignites global trade war, major economies vow retaliation
Trump ignites global trade war, major economies vow retaliation US president Donald Trump has slapped additional tariffs of 34% on imports from China, also hitting emerging manufacturing powerhouses like Vietnam and Cambodia hard, while targeting European Union imports with 20% tariffs, and adding a baseline of 10% on most goods imported to the US. As…
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Trump announces 10 per cent base tariff on all imports, with higher rates for some countries
Trump announces 10 per cent base tariff on all imports, with higher rates for some countries Reuters Go to baird maritime
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US Treasury chief meets with global banks on Iran oil sanctions
US Treasury chief meets with global banks on Iran oil sanctions Reuters Go to baird maritime
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HD KSOE confirms Angolan suezmax orders
HD KSOE confirms Angolan suezmax orders HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has firmed up a deal with Sonangol for a pair of suezmax tanker newbuildings. The shipbuilding intermediate holding company of HD Hyundai said in a filing the Angola state-controlled oil company is paying $176m to see the 157,000 dwt duo delivered…
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Trump’s ‘Liberation Day’ arrives
Trump’s ‘Liberation Day’ arrives Donald Trump is expected to announce sweeping tariffs in a statement at the White House Rose Garden at 16:00 EST this afternoon, branding today as ‘Liberation Day’ in the latest economic shock to hit global seaborne trades in the opening months of his return to power. The scope and scale of…
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Venezuelan March oil exports tumble over US tariffs and sanctions
Venezuelan March oil exports tumble over US tariffs and sanctions Reuters Go to baird maritime
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Iranian Revolutionary Guards seize two foreign tankers on smuggling allegations
Iranian Revolutionary Guards seize two foreign tankers on smuggling allegations Reuters Go to baird maritime
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DHT Holdings sells all Chinese-built VLCCs in fleet
DHT Holdings sells all Chinese-built VLCCs in fleet Baird Maritime Go to baird maritime
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Eni confirms US will no longer allow oil payments from Venezuela’s PDVSA
Eni confirms US will no longer allow oil payments from Venezuela’s PDVSA Reuters Go to baird maritime
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Will US revoke authorisations to foreign partners of Venezuela’s PDVSA?
Will US revoke authorisations to foreign partners of Venezuela’s PDVSA? Reuters Go to baird maritime
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Sovcomflot transportation volumes fell 16 per cent in 2024; Med crude-Urals diffs steady
Sovcomflot transportation volumes fell 16 per cent in 2024; Med crude-Urals diffs steady Reuters Go to baird maritime
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Tsakos presses on with fleet renewal
Tsakos presses on with fleet renewal Greek owner Tsakos Energy Navigation (TEN) has confirmed market rumours about the sale of one of its oldest suezmax tankers with additional divestment of ageing tonnage potentially on the horizon as part of the company’s fleet renewal programme. The New York-listed company said in its quarterly earnings report that…
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Tanker News Roundup | March 27 – Chinese ethane carrier delivery, US inland liquid cargo barges and more
Tanker News Roundup | March 27 – Chinese ethane carrier delivery, US inland liquid cargo barges and more Baird Maritime Go to baird maritime
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UK Government unveils maritime decarbonisation strategy
UK Government unveils maritime decarbonisation strategy Baird Maritime Go to baird maritime
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FEATURE | Trump tariffs on Venezuela crude buyers are a potent new tool of US pressure
FEATURE | Trump tariffs on Venezuela crude buyers are a potent new tool of US pressure Reuters Go to baird maritime
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Trump threatens tariffs on countries that buy Venezuelan oil, gas
Trump threatens tariffs on countries that buy Venezuelan oil, gas Reuters Go to baird maritime
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Performance Shipping flips aframax for $21.5m profit
Performance Shipping flips aframax for $21.5m profit Nasdaq-listed Greek tanker owner and operator Performance Shipping has nearly doubled its money by selling one of its aframaxes. The Andreas Michalopoulos company has offloaded the 2011-built P Yanbu for $39m after picking up the 105,400 dwt vessel in late 2020 for $22m. The Japanese-built unit has been…
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Uni-Tankers brings in fresh tonnage
Uni-Tankers brings in fresh tonnage Denmark’s Uni-Tankers is renewing its fleet with two modern stainless steel vessels. The Per Ekmann-led outfit is adding the Selandia Swan to its owned fleet this spring. The ship is said to represent the company’s ongoing commitment to renewing its fleet with new, energy-efficient tonnage. Uni-Tankers is also bringing in…
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Tidewater Transportation selects Oregon builder for new liquid cargo barges
Tidewater Transportation selects Oregon builder for new liquid cargo barges Baird Maritime Go to baird maritime
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Precious Shipping diversifies with Malaysian tanker venture
Precious Shipping diversifies with Malaysian tanker venture As fleet overhaul at Precious Shipping pushes ahead, the Thai dry bulk player has moved to expand its business to other shipping sectors. The Khalid Hashim-led listed owner said in a stock exchange filing that its Singapore subsidiary had struck a deal with Emstraits Navigation and Lianson Fleet,…
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Traders say new US sanctions will slow but not stop China’s Iranian oil imports
Traders say new US sanctions will slow but not stop China’s Iranian oil imports Reuters Go to baird maritime
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Flags of questionable quality grow market share
Flags of questionable quality grow market share Over 5,000 vessels – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler. “Flag risks are increasingly…
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Chinese teapot refinery included in latest round of American sanctions targeting Iranian oil
Chinese teapot refinery included in latest round of American sanctions targeting Iranian oil The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shandong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including…
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USA and Russia to discuss Black Sea shipping on Monday
USA and Russia to discuss Black Sea shipping on Monday Reuters Go to baird maritime
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Norden sells five ships
Norden sells five ships Danish shipping giant Norden has revealed new activity in the sale-and-purchase market with five transactions recently closed in the dry and wet segments. The move is in line with the company’s intention to realise asset values, the Jan Rindbo-led owner and operator said. The Hellerup-based company has let go of two…
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Tsakos confirms $2bn shuttle tanker deal with Transpetro
Tsakos confirms $2bn shuttle tanker deal with Transpetro Greek owner Tsakos Energy Navigation (TEN) has confirmed a long-term charter deal with Petrobras’ logistics subsidiary Transpetro for a series of nine shuttle tanker newbuildings. The vessels, to be built at Samsung Heavy Industries in South Korea, have secured 15-year employment each with revenues for TEN estimated…
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Nick Potter takes the reins at AET
Nick Potter takes the reins at AET AET, a tanker firm controlled by Malaysia’s MISC, has appointed Nick Potter, a well-known name in Singapore shipping circles, as its next president and CEO. Potter, a former seafarer, brings over 35 years of experience in the maritime and energy sectors, having led commercial, technical, and operational teams…
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Sisi says Suez Canal monthly revenue losses at around $800m
Sisi says Suez Canal monthly revenue losses at around $800m Reuters Go to baird maritime
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Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships Reuters Go to baird maritime
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Teekay Tankers reveals LR2 play
Teekay Tankers reveals LR2 play Teekay Tankers is renewing its LR2 tonnage through deals that will see one of the ageing vessels replaced by a 12 years younger unit. The New York-listed firm has agreed to offload the 2007-built Galway Spirit to an unnamed buyer for delivery in the first quarter of 2025. No price…
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US sanctions tanker headed for demolition
US sanctions tanker headed for demolition Donald Trump’s so-called ‘maximum pressure’ campaign against Iran has stepped up a gear with the latest targeted sanctions announced in Washington DC yesterday including a ship waiting to be scrapped off Bangladesh as well as tug boats that have serviced Iranian-linked vessels in the past. The Department of the…
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d’Amico International reports slight drop in revenues and profits in 2024, citing “less exuberant” freight market
d’Amico International reports slight drop in revenues and profits in 2024, citing “less exuberant” freight market Baird Maritime Go to baird maritime
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More tankers and dry bulk carriers turn away from the Red Sea
More tankers and dry bulk carriers turn away from the Red Sea While there have been no attacks by the Houthis from Yemen on merchant shipping this year, shipowners are still giving the Red Sea a wide berth to the consternation of the Suez Canal Authority. Indeed, for shipping’s two largest sectors, the number of…
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Video footage of North Sea accident surfaces
Video footage of North Sea accident surfaces Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI’s lookout unit Seapod mounted on the tanker Ionic Aspis anchored off the port of…
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Captain arrested on suspicion of gross negligence manslaughter over North Sea collision
Captain arrested on suspicion of gross negligence manslaughter over North Sea collision The captain of the containership Solong, involved in a collision with the Stena Immaculate tanker in the UK North Sea, has been arrested on suspicion of gross negligence manslaughter. The incident, which took place on Monday with both ships bursting into flames after…
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Houthi terrorists to resume attacks on Israeli ships after Gaza aid deadline ended
Houthi terrorists to resume attacks on Israeli ships after Gaza aid deadline ended Reuters Go to baird maritime
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Europe seeks to avoid Russian energy if sanctions eased, ministers and execs say
Europe seeks to avoid Russian energy if sanctions eased, ministers and execs say Reuters Go to baird maritime
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FEATURE | Unexplained ship collision off UK coast triggers race for clues
FEATURE | Unexplained ship collision off UK coast triggers race for clues Reuters Go to baird maritime
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Containership likely to sink after North Sea collision
Containership likely to sink after North Sea collision The Solong containership involved in Monday’s collision in the UK North Sea is unlikely to remain afloat, British maritime minister Mike Kane has said. “Modelling suggests that should Solong remain afloat, it will remain clear of land for the next few hours. The assessment of HM Coastguard…
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Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears
Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears The first signs of a two-tier market are emerging in anticipation of Donald Trump’s likely penalisation of Chinese-built tonnage. Broker BRS is reporting Chinese-linked ships are now becoming “far less attractive” for long time charters due to the likelihood that,…
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Fires continue to burn in North Sea following yesterday’s ship collision
Fires continue to burn in North Sea following yesterday’s ship collision The search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The 140-m-long Solong, owned by Hamburg-based Ernst Russ, hit the…
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Massive fire erupts as tanker and boxship crash off UK coast
Massive fire erupts as tanker and boxship crash off UK coast A major rescue operation is underway in the North Sea after a product tanker and a containership crashed and caught fire off the coast of Hull in east Yorkshire, UK. A US-flagged MR tanker Stena Immaculate was struck by the Portugal-flagged containership Solong while…
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Xingtong books chemical tankers at Taizhou Kouan
Xingtong books chemical tankers at Taizhou Kouan Chinese chemical tanker player Xingtong Shipping has contracted four stainless steel newbuilds at Taizhou Kouan Shipbuilding. The Shanghai-listed company said its subsidiaries are paying $91.5m in total, excluding tax, for two 13,000 dwt and two 13,800 dwt vessels. Set up in 1997, Xingtong controls a fleet of 45…
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Oil up, but off highs as Trump warns new Russia sanctions possible
Oil up, but off highs as Trump warns new Russia sanctions possible Reuters Go to baird maritime
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US ponders how to ease Russia energy sanctions quickly if war ends
US ponders how to ease Russia energy sanctions quickly if war ends Reuters Go to baird maritime
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Shipping in the crosshairs as trade uncertainty hits all-time high
Shipping in the crosshairs as trade uncertainty hits all-time high At no point since tracking began on the subject have global trade policies been more uncertain than right now, according to one index developed in the US. The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board…
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Draft of Trump executive order sees levies on China-linked ships; allies strongly pushed to do similar
Draft of Trump executive order sees levies on China-linked ships; allies strongly pushed to do similar Reuters Go to baird maritime
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Torm ships out three oldest tankers
Torm ships out three oldest tankers Danish product tanker owner Torm has continued its sell-off of older tonnage with three ships set to exit the fleet. The New York and Copenhagen Nasdaq-listed firm is shipping out 2005-built MR tankers the 46,200 dwt Torm Ragnhild, 50,000 dwt Torm Resilience and 47,000 dwt Torm Thames, with deliveries…
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FEATURE | Shipping firms retreat from Hong Kong to avoid US-China risks including vessel takeovers
FEATURE | Shipping firms retreat from Hong Kong to avoid US-China risks including vessel takeovers Reuters Go to baird maritime
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Essberger firms up chemical tanker pair
Essberger firms up chemical tanker pair Germany’s John T. Essberger has bolstered its chemical tanker orderbook with two optional newbuilds at Nantong Rainbow Offshore & Engineering Equipment in China. The deal takes the Hamburg-headquartered company’s newbuilding programme at the yard to four firm 13,000 dwt 1A ice class units with options available for two more…
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Trump’s trade war steps up a gear
Trump’s trade war steps up a gear US president Donald Trump’s new round of tariffs against his country’s top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as well as a 20% duty on Chinese goods. China responded in kind, imposing…
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Toro to become pure-play LPG carrier owner with tanker spin-off
Toro to become pure-play LPG carrier owner with tanker spin-off Nasdaq-listed owner Toro has initiated a process of separating its tanker and LPG businesses. The spinoff of Cyprus-based Castor Maritime with one tanker and four gas carriers spinning off the 2006-built handysize products carrier Wonder Mimosa into a newly formed subsidiary Robin Energy. The company…
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Nordic American Tankers boosts suezmax fleet
Nordic American Tankers boosts suezmax fleet Nordic American Tankers (NAT) is pressing ahead with fleet growth and renewal plans with the addition of a 2016-built suezmax. The Herbjorn Hansson-led owner and operator has picked up the unnamed vessel from what it says is “a first-class owner” in a deal struck in the mid-to-high $60m area.…
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Frontline seals four-ship refinancing
Frontline seals four-ship refinancing John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit facilities of $239m in total, which will refinance three VLCCs and one suezmax vessel and, in addition, provide revolving credit capacity…
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Could Chevron license termination lead to new oil export pact in Venezuela?
Could Chevron license termination lead to new oil export pact in Venezuela? Reuters Go to baird maritime
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FACTBOX | Summary of US licenses and authorizations for Venezuela’s oil sector
FACTBOX | Summary of US licenses and authorizations for Venezuela’s oil sector Reuters Go to baird maritime
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Adhart linked to tanker quartet at New Dayang
Adhart linked to tanker quartet at New Dayang Singapore’s Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed…
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Pertamina International Shipping boss arrested over alleged oil import scheme
Pertamina International Shipping boss arrested over alleged oil import scheme Pertamina International Shipping chief executive Yoki Firnandi has been arrested in connection with an alleged $12bn corruption scandal involving the procurement of crude oil and oil products. Indonesia’s Attorney-General’s Office named Yoki as one of seven suspects, four of whom were officials of Pertamina subsidiaries.…
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US issues further Iran sanctions
US issues further Iran sanctions The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on more than 30 persons and vessels in multiple jurisdictions for their role in brokering the sale and transportation of Iranian petroleum-related products, the latest in a series of measures the new Donald Trump administration…
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Container sector set to take biggest hit from US plans to charge Chinese-built vessels
Container sector set to take biggest hit from US plans to charge Chinese-built vessels Shipping is reeling from what could be the most seismic decision to effect the industry yet in the opening weeks of Donald Trump’s second term in office. The American president will make a decision, likely in around a month’s time, on…
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Stena Bulk forms Nigerian tanker venture
Stena Bulk forms Nigerian tanker venture Swedish shipowner Stena Bulk has signed a deal with NNPC Shipping, part of oil producer Nigerian National Petroleum Corp and local integrated offshore support player Caverton Marine for a new tanker joint venture in Nigeria. The deal will create a new tanker operation serving Nigeria and West Africa’s regional…
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UK blacklists 40 shadow fleet ships
UK blacklists 40 shadow fleet ships The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the…
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Moeve signs up for RFOcean chemical tanker newbuilds
Moeve signs up for RFOcean chemical tanker newbuilds Spanish energy company Moeve has inked a contract with RFOcean for a series of 6,600 dwt chemical tankers currently under construction in China. Frederik Rye-Florentz-led RFOcean, which controls a fleet of 13 chemical tankers on fully-delivered basis, has eight next-generation newbuilds booked at Wuhu Shipyard set to…
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Velos swoops on Easterly MR1
Velos swoops on Easterly MR1 Greek owner Velos Shipping has bolstered its tankers business with a secondhand chemical carrier from Easterly Asset Management’s Maritime Logistics Equity Partners. Velos Tankers has snapped up the 2010-built 36,700 dwt MR1 Easterly Sirius for around $15.5m and renamed it Velos Rubini. The US-based Easterly bought the vessel from Hong…
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US targets Chinese ships and terminal investments
US targets Chinese ships and terminal investments The US is considering slapping huge fees on Chinese-built ships calling at its ports, while also clamping down on Chinese ownership of terminals on home soil. The United States Trade Representative (USTR) has finally outlined the ways it feels Washington DC can fight back against the dominance China…
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Transpetro to launch new tender for four tankers around mid-2025
Transpetro to launch new tender for four tankers around mid-2025 Reuters Go to baird maritime
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Russian divers to inspect ships in ports after tanker blasts
Russian divers to inspect ships in ports after tanker blasts Reuters Go to baird maritime
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Ciner Shipping decamps from Istanbul to Athens
Ciner Shipping decamps from Istanbul to Athens One of Turkey’s largest shipowners is decamping to Greece. Istanbul-based news outlet Türkiye Today is reporting Ciner Shipping is shifting its operations to Athens with staff in Turkey informed today that their current work contracts would be terminated with full legal compensation. Ciner Shipping owns and operates a…
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Royal HaskoningDHV tapped for shipyard construction project in India
Royal HaskoningDHV tapped for shipyard construction project in India Baird Maritime Go to baird maritime
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Good Samaritans rescue adrift fisherman off Philippines’ Mindoro Island
Good Samaritans rescue adrift fisherman off Philippines’ Mindoro Island Baird Maritime Go to baird maritime
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Sentinel Midstream prepares for final investment decision for US oil export project
Sentinel Midstream prepares for final investment decision for US oil export project Reuters Go to baird maritime
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Trump-Putin talks offer some clarity on Ukraine, energy, NATO, sanctions
Trump-Putin talks offer some clarity on Ukraine, energy, NATO, sanctions Reuters Go to baird maritime
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Teekay Tankers bags triple sale
Teekay Tankers bags triple sale Teekay Tankers has confirmed deals worth $95.5m for three of its ageing vessels. The New York-listed firm has offloaded a pair of unnamed 2009-built suezmaxes and one 2006-built LR2, which should deliver a gain of about $30.5m in the first quarter. Earlier this month S&P sources listed four Bohai-built 159,000…
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HMM enters due diligence to acquire SK Shipping
HMM enters due diligence to acquire SK Shipping Korean private equity firm Hahn & Co has selected the nation’s flag carrier, HMM, as the preferred bidder for the sale of a majority stake in SK Shipping. Due diligence is due to get underway through to the middle of next month. The deal faces one significant…
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More than 70 ships set to be added to EU sanctions list
More than 70 ships set to be added to EU sanctions list European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The wide-ranging 16th package of sanctions is expected to see more than 70…
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Chinese builder breaks ground on new gas carrier manufacturing base
Chinese builder breaks ground on new gas carrier manufacturing base Baird Maritime Go to baird maritime
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Golar exits LNG segment with sale of last remaining gas carrier
Golar exits LNG segment with sale of last remaining gas carrier Baird Maritime Go to baird maritime
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FSL ships out another product tanker
FSL ships out another product tanker Singapore-listed product tanker owner First Ship Leasing Trust (FSL) has sold a second vessel coming off a long-term bareboat charter. The company has agreed to offload the 2005-built 12,984 dwt Clyde Fisher for an undisclosed sum. The oldest and the largest vessel in FSL’s fleet is estimated by VesselsValue…
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COSCO moves for six tanker newbuilds
COSCO moves for six tanker newbuilds COSCO Shipping Energy Transportation (CSET) has lined up an investment plan of CNY 3.496bn ($378.3m) for six tanker newbuildings. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction of two aframaxes, two LR2s, and two panamax tankers, the company said…
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Equinor’s Northern Lights joint venture welcomes newest LCO2 carrier to homeport in Norway
Equinor’s Northern Lights joint venture welcomes newest LCO2 carrier to homeport in Norway Baird Maritime Go to baird maritime
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Seacon ships out another product tanker to Union Maritime
Seacon ships out another product tanker to Union Maritime Hong Kong-listed Seacon Shipping is selling another bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Dahlia for roughly $32.9m. Seacon said…
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Steel and aluminium up next in Trump’s tariff campaign
Steel and aluminium up next in Trump’s tariff campaign China’s retaliatory tariffs on some American goods came into effect on Monday, while Donald Trump, the American president, vowed yesterday to impose a 25% tariff on all steel and aluminium imports into the US, with a full announcement to come today. “Any steel coming into the…
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Trump administration ups sanctions against Iranian shipping
Trump administration ups sanctions against Iranian shipping Donald Trump has wasted little time in carrying out his vow to up pressure against Iran with the Office of Foreign Assets Control (OFAC) yesterday slapping sanctions on more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian…
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FACTBOX | Summary of Iran’s energy industry and infrastructure
FACTBOX | Summary of Iran’s energy industry and infrastructure Reuters Go to baird maritime
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South Korean government to provide subsidies for construction of environment-friendly ships
South Korean government to provide subsidies for construction of environment-friendly ships Baird Maritime Go to baird maritime
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Beijing retaliates as Trump’s China tariffs kick in
Beijing retaliates as Trump’s China tariffs kick in Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world. Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying…
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Houthi ceasefire holds, tanker attacked last year crosses Red Sea
Houthi ceasefire holds, tanker attacked last year crosses Red Sea Reuters Go to baird maritime
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Shipping set to be reshaped by Trump tariffs
Shipping set to be reshaped by Trump tariffs Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump’s decision on Saturday to levy 25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has…
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TASS says Russia has started to inspect its tanker fleet after major oil spill
TASS says Russia has started to inspect its tanker fleet after major oil spill Reuters Go to baird maritime
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Two European tanker brokers join forces
Two European tanker brokers join forces Two European tanker brokers have joined forces with news Odin-RVB from The Netherlands is taking over Barcelona-based Iberica Tanker Chartering. “As the shipping landscape continues to evolve, we recognize the changing demands and expectations of our stakeholders. This merger is yet another pivotal step in our long-term strategy to…
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Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC
Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more…
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Russian-linked ship-to-ship transfers spike in wake of US sanctions
Russian-linked ship-to-ship transfers spike in wake of US sanctions Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in…
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d’Amico fixes five tankers
d’Amico fixes five tankers Italian product tanker owner and operator d’Amico International Shipping (DIS) secured employment for five of its vessels. The Milan-listed company’s Irish-based d’Amico Tankers has fixed four handysize vessels through new deals and extended the charter of one of its MRs. The charterers and financial terms were not disclosed, but DIS said…