Tanker News

Furetank and Algoma JV takes orderbook to 10 product tankers 

Swedish shipowner Furetank and Canada’s Algoma Central Corporation are expanding their product tanker joint venture with two additional newbuilds, bringing…

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Crowley and SEACOR join forces on tankers 

Crowley and SEACOR Holdings, through its subsidiary Seabulk Tankers, have announced an agreement to form a joint venture that will…

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Parana river tolls cause uproar among South American nations 

An ugly spat has broken out among South American nations over the use of the continent’s so-called grain superhighway, the…

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Okeanis Eco Tankers agrees $84m debt refinancing loan

Greek owner Okeanis Eco Tankers has secured a new $84m senior secured credit facility from Crédit Agricole to refinance existing…

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VLCC sales proliferate

Demand for VLCCs in Asia has surged with sales talk surrounding a string of tankers between 10 and 15 years…

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Trajectory of soaring newbuild prices divides opinion

The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is…

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MOL to spend $400m buying Fairfield Chemical Carriers

Japan’s Mitsui OSK Lines (MOL) is spending $400m in an all-cash transaction to acquire the 36-strong fleet of New York-headquartered…

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Stolt Tankers reducing emissions using behavioural change project

Behavioural change startup Signol has launched a first-of-its-kind project with Stolt Tankers to further reduce shipping emissions by using Internet…

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Dubai’s Teodor Shipping sells its only VLCC

Sales registers show that Dubai-based Teodor Shipping has sold its only VLCC shortly after buying it.   The 17-year-old Vatika has already…

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Uni-Tankers expands fleet with one buy and four newbuild orders

Uni-Tankers said in a statement that it would be adding the 6,043 dwt modern ECO vessel Sedat Basak to its…

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