Sunday, August 19, 2018

Asia: Gasoil on Floating Storage, Huge Gains for Trading Firms

Anticipating a rise in global gasoil prices amid several political and economic factors, trading companies have been storing large volumes of gasoil on ships...

MOL and China COSCO Shipping Jointly Own 4 Vessels for Yamal LNG Project

Mitsui O.S.K. Lines, Ltd. (MOL) today announced that China COSCO Shipping Corporation Limited will take an equity stake in the MOL wholly owned subsidiary...

‘Shaden’ – Bahri’s Latest VLCC Delivered

Saudi Arabian shipping firm, Bahri, secured the delivery of its latest VLCC, Shaden, during the last week of October this year. The newbuilding, one of...

Hafnia Tankers Completes First Sale and Leaseback in Japanese Market

Hafnia Tankers Ltd has successfully completed its first sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built...

Ardmore to Acquire 47,500 dwt Japanese-Built Product Tanker

Bermuda-based Ardmore Shipping Corporation has proposed an acquisition of a 47,500 dwt 2008 Japanese-built product tanker. The acquisition is subject to completion of financing...

China’s Crude Oil Demand Rises, Requires More VLCCs

The crude oil demand of China requires at least 45 additional very large crude carriers (VLCCs) to support growth in imports of the essential...

Chembulk Tankers Appoints New CEO

Chembulk Tankers has revealed that the company will appoint a new Chief Executive Officer (CEO) after current CEO Jack Noonan's retirement. The new CEO will...

Crowley to Acquire 3 Tankers from SeaRiver Maritime

Crowley Alaska Tankers, LLC, announced that it has signed an agreement, subject to regulatory approval, to purchase three tankers from SeaRiver Maritime Inc., and...

DryShips takes Delivery of Third VLGC

On October 31, DryShips Inc., a diversified owner of ocean going cargo vessels, announced that it has taken delivery of the previously announced high...

Cosco Shipping Orders 14 New Tankers

The Board of Directors of COSCO Shipping Energy Transportation (CSET) has approved an investment in 14 new tankers, the company said in a regulatory...