Category: Tankers
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Shipping’s ultimate Year of the Snake fortune guide published today
Shipping’s ultimate Year of the Snake fortune guide published today The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, a weighted barometer…
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d’Amico boosts owned fleet with LR1 purchase option
d’Amico boosts owned fleet with LR1 purchase option Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel. The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m. The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat…
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Seaspan’s newest LNG bunkering ship sails on delivery voyage
Seaspan’s newest LNG bunkering ship sails on delivery voyage Baird Maritime Go to baird maritime
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Russian-built Arctic oil tanker sanctioned by US delivered to new owner
Russian-built Arctic oil tanker sanctioned by US delivered to new owner Baird Maritime Go to baird maritime
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New hydrogen-electric tanker floated out in Lithuania
New hydrogen-electric tanker floated out in Lithuania Baird Maritime Go to baird maritime
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Prima Marine finalises six-tanker order at Chinese yards
Prima Marine finalises six-tanker order at Chinese yards Baird Maritime Go to baird maritime
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Laden Russian tanker loses power in stormy Bay of Biscay
Laden Russian tanker loses power in stormy Bay of Biscay A laden Russian-flagged tanker has broken down in the stormy Bay of Biscay off France. The Unity, a 16-year-old aframax, departed Primorsk on January 16 with Russian oil bound for Mangalore in India. The ship ran into difficulties overnight off the west coast of France.…
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GSB Tankers and Asahi Tanker form chemical tanker JV
GSB Tankers and Asahi Tanker form chemical tanker JV GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers ranging from 10,000 to 15,000 dwt. ACTA is headquartered in Singapore, with an additional office in Tokyo. Initially, the joint venture will…
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Performance Shipping extends aframax charter at lower rate
Performance Shipping extends aframax charter at lower rate Greece’s Performance Shipping has extended the time charter contract for an aframax tanker with Glencore subsidiary ST Shipping & Transport. The deal will see the deal for the 2011-built, 105,525 dwt tanker P. Monterey extended for 12 months. The charterer has the option to shorten or extend…
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New report highlights shipping’s weak position within the global energy transition
New report highlights shipping’s weak position within the global energy transition A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with…
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Asyad Shipping charts Oman IPO course
Asyad Shipping charts Oman IPO course Oman’s state-controlled logistics giant Asyad Group has moved to sell shares in Asyad Shipping through an initial public offering. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners for the group, which plans to sell a stake of at least 20% in Asyad…
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New Dayang lands product tanker debut
New Dayang lands product tanker debut Chinese builder New Dayang best known for its shipbuilding know-how in the dry bulk segment has sealed its first order for product tankers. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been commissioned to build four MR units for what it described as “world-renowned shipowners”. Delivery details…
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Prima Marine in for six product tanker newbuilds
Prima Marine in for six product tanker newbuilds Thai owner Prima Marine has placed an order for six small product tanker newbuilds at China’s Ningbo Zhenhe Shipyard. The deal with an undisclosed value covers 73-m-long 2,499 dwt vessels based on FKAB design and tailor-developed for easy and efficient operation in Thailand’s coast and rivers. Delivery…
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Mercurius back at New Jiangzhou Shipyard for more chemical tankers
Mercurius back at New Jiangzhou Shipyard for more chemical tankers Dutch owner Mercurius Shipping has returned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for more stainless steel chemical tankers. The inland waterway shipping player has signed up for a pair of 6,000 newbuilds, with delivery likely by June and September 2026. No price has…
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Shipping readies to navigate new Trump era
Shipping readies to navigate new Trump era Today marks the end of the Joe Biden administration in the US, one of the most profitable four-year periods for shipping. With the return of Donald Trump to the White House, the shipping industry has many questions about what the future of global trade holds, some of which…
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Houthis maintain Israeli ban while allowing all other ships to pass
Houthis maintain Israeli ban while allowing all other ships to pass As the first phase of the ceasefire between Israel and Hamas came into effect yesterday, the Houthis of Yemen have provided an update on their Red Sea strategy. The Houthis said yesterday so long as the ceasefire remains in place, international merchant ships may…
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Vintage VLCC prices drop
Vintage VLCC prices drop Hong Kong-registered outfit Young Honest Shipping has emerged as the taker of the first vintage VLCC sold this year. Young Honest has bought the 20-year-old, 308,800 dwt, scrubber-fitted Rolin from Viet My Petrol Transportation with brokers suggesting a price of $31m, a significant drop in price compared to similar sales sealed…
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Houthi leader warns Israel to stick to ceasefire terms
Houthi leader warns Israel to stick to ceasefire terms The leader of Yemen’s Houthis, Abdul Malik al-Houthi, has said his group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached. The six-week phase one of the ceasefire…
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Oil settles lower amid expected ceasefire and strong US retail sales data
UPDATE 10-Oil settles lower on expected halt to Houthi shipping attacks
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Product tanker segment to see highest number of newbuild deliveries since 2009
Product tanker segment to see highest number of newbuild deliveries since 2009 Deliveries of newbuild product tankers will reach their highest level since 2009 this year, according to international shipping organisation BIMCO. The 2025 will see about 12m dwt delivered, up 256% compared to last year’s deliveries, and the second highest on record, chief shipping…
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US crude oil stockpiles drop, fuelling supply worries and price increase
Oil rises as US inventory declines heighten supply concerns
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OPINION | China response crucial to crude oil market after new sanctions on Russia
COLUMN-China response key to crude oil after new sanctions on Russia: Russell
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Chinese yard completes FSO conversion for Thailand’s Truth Maritime Services
Chinese yard completes FSO conversion for Thailand’s Truth Maritime Services Baird Maritime Go to baird maritime
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Seized tanker Eventin carrying Russian oil is still in German waters, Berlin says
Seized tanker carrying Russian oil still in German waters, Berlin says
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Brazil reveals 20 per cent fall in orange juice export volumes for H2 2024, but revenue up 43 per cent
CORRECTED-Brazil orange juice exports volume falls 20% from July to December
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107 incidents of piracy and armed robbery against ships in Asia recorded in 2024
107 incidents of piracy and armed robbery against ships in Asia recorded in 2024 Baird Maritime Go to baird maritime
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India to invest over US$6b in port and shipyard expansion
India to invest over US$6b in port and shipyard expansion Baird Maritime Go to baird maritime
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Russia to pursue large oil and gas projects despite US sanctions
UPDATE 1-Russia says it will continue oil and gas projects despite US sanctions
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Audit finds more than 80% of sanctioned ships have no confirmed insurance
Audit finds more than 80% of sanctioned ships have no confirmed insurance The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight…
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Epic salvage of Sounion tanker complete
Epic salvage of Sounion tanker complete Salvage of last year’s most high profile Houthi vessel attack has been completed with sources telling Splash the tanker will now likely head for scrap. Greek owned, laden oil tanker Sounion was targeted by Houthi militants in the southern Red Sealast August with the crew evacuating the following day…
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Iran’s 2024 oil exports exceeded 580 million barrels despite US sanctions
Iran’s 2024 oil exports exceeded 580 million barrels despite US sanctions Baird Maritime Go to baird maritime
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New LNG bunkering terminal begins operations in China’s Jiangxi province
New LNG bunkering terminal begins operations in China’s Jiangxi province Baird Maritime Go to baird maritime
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COSCO seeks to defuse Pentagon spat
COSCO seeks to defuse Pentagon spat COSCO, the world’s largest shipping company, has sought to downplay news carried by Splash yesterday that it has been added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no specific penalties,…
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Major Chinese port group bans tankers on OFAC’s sanctions list
Major Chinese port group bans tankers on OFAC’s sanctions list Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports. The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters…
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US eases Syrian energy sanctions
US eases Syrian energy sanctions Following the ousting of Syrian dictator Bashar al-Assad last month, the US Treasury has decided to ease some sanctions on the war-torn Middle Eastern nation. While most restrictions remain in place, a general license issued by the Office of Foreign Assets Control (OFAC) yesterday allows transactions to support the sale,…
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Two Greek shipping companies plead guilty to pollution-related charges in US
Two Greek shipping companies plead guilty to pollution-related charges in US Baird Maritime Go to baird maritime
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Canada’s Wolverine Terminals to operate new barges at Port of Prince Rupert
Canada’s Wolverine Terminals to operate new barges at Port of Prince Rupert Baird Maritime Go to baird maritime
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Singapore’s Singfar Group taps Chinese builder for new LNG bunkering ships
Singapore’s Singfar Group taps Chinese builder for new LNG bunkering ships Baird Maritime Go to baird maritime
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BOOK REVIEW | Iran-Iraq Naval War – Volume 2: Convoy Battles, 1981-1984
BOOK REVIEW | Iran-Iraq Naval War – Volume 2: Convoy Battles, 1981-1984 Neil Baird Go to baird maritime
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Russia declares emergency in Crimea, clears beaches after Black Sea oil spill
CORRECTED-UPDATE 1-Russia clears beaches after Black Sea oil spill, declares emergency in Crimea
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Finnish court upholds seizure of oil tanker in undersea cables probe
UPDATE 3-Finnish court upholds seizure of oil tanker in undersea cables probe
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Despite stolen election and sanctions, Venezuelan oil exports climb 10.5 per cent
Venezuela’s 2024 oil exports climb 10.5% amid political turmoil
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Transpetro in for four tanker newbuilds at local yards
Transpetro in for four tanker newbuilds at local yards Brazil’s Transpetro has selected builders for four handysize product tankers as part of a fleet renewal and expansion program that foresees the construction of 25 vessels for the Petrobras subsidiary. A deal worth $278m in total for 15,000 dwt – 18,000 dwt newbuilds is set to…
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Fingrid requests seizure of tanker Eagle S over cable damage
UPDATE 2-Finland power grid operator asks court to seize tanker over cable damage
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Russia claims Black Sea oil spill smaller than first thought
Oil spill in Black Sea smaller than first thought, Russia says
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Who’s Who: Maritime Movements for November/December 2024
Who’s Who: Maritime Movements for November/December 2024 Baird Maritime Go to baird maritime
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Avance Gas completes delivery of eleventh LPG carrier to BW LPG
Avance Gas completes delivery of eleventh LPG carrier to BW LPG Baird Maritime Go to baird maritime
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“The Finns have hijacked a vessel”: Owner of oil tanker seized in Finland cable probe demands release
Owner seeks release of oil tanker seized in Finland cable probe
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Finland moves seized tanker suspected of cable damage closer to port
Finland moves tanker suspected of undersea cable damage closer to port
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Sogestran to acquire Reederei Jaegers’ liquid bulk inland waterway transport subsidiary
Sogestran to acquire Reederei Jaegers’ liquid bulk inland waterway transport subsidiary Baird Maritime Go to baird maritime
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Peru declares environmental emergency after harbour oil spill
Peru declares environmental emergency after oil spill
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Oil tanker boarded off Finland, suspected of causing internet, power cable outages
UPDATE 7-Finland boards oil tanker suspected of causing internet, power cable outages
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Finland detains Russia-linked tanker after latest Baltic Sea cables incident
Finland detains Russia-linked tanker after latest Baltic Sea cables incident Finnish authorities have detained a tanker suspected of being involved in the damage of a subsea power cable connecting Finland and Estonia and disruptions of several data cables. The police and border guard boarded the Cook Islands-flagged LR1 tanker Eagle S carrying oil from Russia…
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New emission-capture barge for LA headed to Shell Mormon Island Terminal
New emission-capture barge for LA headed to Shell Mormon Island Terminal Baird Maritime Go to baird maritime
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President-elect Trump demands EU increase oil and gas imports or face tariffs
UPDATE 6-Trump threatens EU with tariffs over oil and gas imports
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Stainless Tankers offloads two oldest vessels
Stainless Tankers offloads two oldest vessels Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m. The buyer was not disclosed, but the…
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Performance Shipping pens aframax charter with AET
Performance Shipping pens aframax charter with AET Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The…
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Knutsen LNG carrier to undergo FSU conversion for Honduras gas-to-power project
Knutsen LNG carrier to undergo FSU conversion for Honduras gas-to-power project Baird Maritime Go to baird maritime
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Halkidon Shipping sells LR2
Halkidon Shipping sells LR2 Greek tanker player Halkidon Shipping has sealed a deal privately, doubling its money offloading the 14-year-old 112,700 dwt, New Times-built LR2 tanker Elli. This ship was purchased in a bank-driven sale in 2018, adding one of the last ships from Gregory Callimanopoulos’s Toisa for $22m. The vessel has now been sold and renamed…
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Insurance checks instituted for Russian shadow fleet passing through the Baltic
Insurance checks instituted for Russian shadow fleet passing through the Baltic A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic. The UK started this crackdown in October,…
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FSL offloads its oldest product tanker
FSL offloads its oldest product tanker First Ship Leasing Trust (FSL) is selling its oldest vessel. The Singapore-listed product tanker owner said in a filing it had struck a deal with an undisclosed buyer for the 2004-built Cumbrian Fisher. The price was not disclosed, but FSL said it had received the initial 10% deposit in…
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US Treasury looks at further sanctions on “shadow fleet” tankers to hit Russia’s economy
EXCLUSIVE-Yellen won’t rule out sanctions on Chinese banks, curbs on ‘dark fleet’ oil tankers
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Disconnect between earnings and secondhand asset values in the spotlight
Disconnect between earnings and secondhand asset values in the spotlight Broker SSY has been studying the disconnect between earnings and secondhand asset values in the bulker market, something it believes will continue next year and beyond, thanks in no small part to shipyard capacity utilisation. Given continued strong newbuild demand across the shipping markets, SSY…
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DHT offloads oldest ship
DHT offloads oldest ship New York-listed supertanker specialist DHT is selling its oldest ship for $43.4m. The Svein Moxnes Harfjeld-led VLCC owner said it had struck a deal with an undisclosed buyer for the 2006-built DHT Scandinavia. Delivery of the Hyundai-built unit is expected in January 2025. DHT said the ship is debt-free and expects…
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EU sanctions another 50 Russia-linked ships
EU sanctions another 50 Russia-linked ships The European Union has unveiled its latest package of sanctions against Russia, with around 50 ships from the shadow fleet targeted. EU foreign ministers are expected to formally adopt the sanctions package on Monday. Further sanctions are expected in the new year when Poland takes over the presidency of…
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Fishing boat sinks following alleged hit-and-run off southern India
Fishing boat sinks following alleged hit-and-run off southern India Baird Maritime Go to baird maritime
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Trelleborg Group acquires mooring equipment manufacturer
Trelleborg Group acquires mooring equipment manufacturer Baird Maritime Go to baird maritime
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QatarEnergy awards time charters for six LNG carriers
QatarEnergy awards time charters for six LNG carriers Baird Maritime Go to baird maritime
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Odfjell snaps up four leased tankers
Odfjell snaps up four leased tankers Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals. The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next 14…
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Dynacom linked to more suezmax orders
Dynacom linked to more suezmax orders Greece’s Dynacom Tankers has been tied to another deal for suezmax newbuilds, but this time in China. Brokers in Greece report George Procopiou’s company has signed a letter of intent for four 163,000 dwt ships at Chinese state-run Qingdao Beihai Shipbuilding. The quartet is priced at about $328m, with…
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Merchant shipping gives Syria a wide berth in the wake of Assad’s ousting
Merchant shipping gives Syria a wide berth in the wake of Assad’s ousting Syria has become a no-go zone for international merchant shipping following the ousting of the Assad family from power. Ships are giving the Middle Eastern nation a wide berth in the wake of the uprising that saw Bashar al-Assad fly to Russia…
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Shadow VLCCs lined up for demolition
Shadow VLCCs lined up for demolition Changes are afoot in the Iranian-linked VLCC fleet with just over six weeks until Donald Trump is sworn in as the 47th president of the US. Splash reported on further sanctions aimed at Iran’s tanker fleet earlier this week, as well as news that China has started to ease…
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Global trade set to hit record $33trn this year
Global trade set to hit record $33trn this year Global trade is on track to hit a record $33trn in 2024, according to the latest data from UNCTAD, the United Nations’ trade body. This 3.3% annual growth has been driven largely by a 7% rise in trade in services, contributing $500bn to the overall expansion.…
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QatarEnergy welcomes new LNG carrier to fleet
QatarEnergy welcomes new LNG carrier to fleet Baird Maritime Go to baird maritime
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Three-tank LNG carrier design secures Lloyd’s Register approval in principle
Three-tank LNG carrier design secures Lloyd’s Register approval in principle Baird Maritime Go to baird maritime
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Performance Shipping pens aframax charter with Exxon subsidiary
Performance Shipping pens aframax charter with Exxon subsidiary Greece’s Performance Shipping has entered into a time charter contract with ExxonMobil subsidiary SeaRiver Maritime for one of its LR2 aframax tankers. The deal will see the 2010-built, 105,304 dwt tanker P. Aliki work for Sea River Maritime for seven months. The charterer has the option to shorten…
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12 deaths reported on EU-registered vessels in 2023
12 deaths reported on EU-registered vessels in 2023 Baird Maritime Go to baird maritime
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Norden pounces on five leased ships and signs up for bulker newbuilds
Norden pounces on five leased ships and signs up for bulker newbuilds Denmark’s Norden has seized the opportunity to bolster its owned fleet by five ships and signed to lease a fresh pair of bulker newbuildings as two older capesize units are being lined up for the new owner. The Jan Rindbo-led owner and operator…
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Tanker News Roundup | December 3 – CO2 carriers for Denmark and Norway, inland LNG bunkering ship and more
Tanker News Roundup | December 3 – CO2 carriers for Denmark and Norway, inland LNG bunkering ship and more Baird Maritime Go to baird maritime
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Iraq halts Shuaiba Refinery operations due to fuel oil storage overload
Iraq halts Shuaiba Refinery operations due to fuel oil storage overload Reuters Go to baird maritime
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Nanjing Tanker heads to GSI for four newbuilds
Nanjing Tanker heads to GSI for four newbuilds China’s Nanjing Tanker is continuing its fleet renewal with a series of panamax tanker newbuilds at a domestic yard. The Shanghai-listed owner under the China Merchants Group said in a filing it would order four 65,000 dwt carriers at Guangzhou Shipyard International (GSI) for about $250m. The…
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Houthis fire barrage at passing American convoy
Houthis fire barrage at passing American convoy The Houthis roared back into action yesterday, firing a barrage of armaments against a passing American convoy in the Red Sea. As is common in the 13-month campaign waged by the Houthis, there are discrepancies in terms of the scale and efficacy of the latest attacks with the…
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Trøim’s VLCC investment vehicle goes public
Trøim’s VLCC investment vehicle goes public Tor Olav Trøim’s new supertanker venture has listed its shares for trading on Euronext Growth Oslo. The company called Bruton is sponsored by Trøim’s Magni Partners and currently has two 299,500 dwt VLCCs under construction at New Times Shipyard in China, via subsidiary Andes Tankers, scheduled for delivery in…
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COSCO Shipping adds new 6,300DWT chemical tanker to fleet
COSCO Shipping adds new 6,300DWT chemical tanker to fleet Baird Maritime Go to baird maritime
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‘From the doghouse to the outhouse’: VLCCs’ tricky Q4 voyage
‘From the doghouse to the outhouse’: VLCCs’ tricky Q4 voyage The VLCC market has gone “from the doghouse to the outhouse” with rates plummeting across the board in all areas in the week gone by, according to Norwegian broker Fearnleys. Nevertheless, the tanker segment remains in profitable territory, however owners are frustrated that there has…
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Danish-Norwegian partnership to develop ammonia-fuelled gas carriers
Danish-Norwegian partnership to develop ammonia-fuelled gas carriers Baird Maritime Go to baird maritime
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Douglas Wheat steps down as chairman of International Seaways
Douglas Wheat steps down as chairman of International Seaways Douglas Wheat has stepped down as chairman of New York-listed International Seaways. The industry veteran who has chaired Seaways’ since November 2016, will be replaced by Ian Blackley – the company’s board member and former top man at its predecessor Overseas Shipholding Group. “Wheat’s resignation was…
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Meta taps into Norden’s biofuel offering
Meta taps into Norden’s biofuel offering Danish shipping giant Norden has sealed a deal with Mark Zuckerberg’s Meta for the use of sustainable fuels in its maritime supply chains. The owner of Facebook, which has set a goal of reaching net-zero emissions across its value chain in 2030, has signed up for the so-called Book…
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Testing firm warns against blending of cashew nutshell liquid with bunker fuel
Testing firm warns against blending of cashew nutshell liquid with bunker fuel Baird Maritime Go to baird maritime
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UK sanctions 30 more Russian shadow fleet tankers
UK sanctions 30 more Russian shadow fleet tankers Baird Maritime Go to baird maritime
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Tim Wilkins takes the reins at INTERTANKO
Tim Wilkins takes the reins at INTERTANKO Tim Wilkins has been promoted to become the managing director of the International Association of Independent Tanker Owners (INTERTANKO) having been with the organisation since 1999. There’s also been a change in chairman. Wilkins will take over from Katharina Stanzel on January 1. Stanzel, who has headed up…
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Shipping toasts best year for tonne-mile growth since 2010
Shipping toasts best year for tonne-mile growth since 2010 The Red Sea shipping crisis – and to a smaller extent, the drought in Panama – have led to the strongest growth in tonne-miles registered this year since 2010, helping prop up rates to highly profitable levels for most shipping sectors. According to data from Clarksons…
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IMS pockets tidy profit from sale of vintage MR tanker
IMS pockets tidy profit from sale of vintage MR tanker Tanker sales have been thin on the ground this month. One sale stands out in Greece, sealed in the popular MR segment. Greek tanker owner IMS has sold its second tanker in a row, almost doubling its money by selling the 2004-built, 47,000 dwt Bruno…
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Monte Nero adds to product tanker orderbook in China
Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong). Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for…
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Singapore court hands 17-year jail term to OK Lim
Singapore court hands 17-year jail term to OK Lim Lim Oon Kuin, the founder of the defunct Singapore oil trader Hin Leong, was sentenced to 17-and-a-half years in prison for cheating top creditor HSBC and abetting forgery. The 82-year-old former oil trading and tanker tycoon, better known as OK Lim, faced three out of more…
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Exmar launches new gas carrier operating division
Exmar launches new gas carrier operating division Baird Maritime Go to baird maritime
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Bassadone’s HTM boosts tanker newbuild tally
Bassadone’s HTM boosts tanker newbuild tally Hercules Tanker Management (HTM) has moved to further bolster and renew its fleet with up to 10 new vessels. The John Bassadone-led outfit has returned to Jiangmen Hangtong Shipyard in China for six firm and four optional 7,700 dwt IMO II chemical tanker newbuilds after contracting four ‘ultra-spec’ sister…
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Oil removal underway on Greek tanker damaged by Houthi attacks
Oil removal underway on Greek tanker damaged by Houthi attacks Baird Maritime Go to Source
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Winners and losers from Trump’s return
Winners and losers from Trump’s return ‘Drill, baby, drill’ and ‘liquid gold’ were two of the phrases president-elect Donald Trump repeated during his victory rally in Florida yesterday and a common consensus is building among shipping experts that the Republican’s return to the White House will be positive for tankers, but less so for container…
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Stainless Tankers readies double sale
Stainless Tankers readies double sale Stainless Tankers of Norway has moved to offload two of its nine vessels. The Oslo-listed outfit backed by UK-based Tufton Investment Management is selling the 2005-built J19 stainless steel units Monax and Marmotas – the oldest in its fleet. Both ships, currently estimated by VesselsValue at about $33.7m in total,…