Impact of Paradise Papers on Shipping Industry

Clyde & Co provides main takeaways from the Paradise Papers on the shipping industry

Weak Tanker Rates Put More Pressure on Frontline

John Fredriksen-controlled tanker owner and operator Frontline ended the third quarter of 2017 in loss due to weak ...

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Philly Shipyard Delivers 4th Tanker to APT

American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, has taken delivery of the fourth and final 50,000 ...

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Cosco Shipping Energy Orders Seven Ships from Dalian

China’s Cosco Shipping Energy Transportation has entered into agreements with Dalian Shipbuilding for the ...

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Drewry: Crude Tanker Rates to Further Drop in 2018

Following a sharp decline in crude tanker freight rates seen during 2017, the rates are set to further drop in 2018 ...

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Weak Product Tanker Market Pushes Hafnia to Loss

Denmark-based shipping company Hafnia Tankers ended the third quarter of this year with a net loss of USD 7.3 ...

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HMD Tied to MR Tanker Order

South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has secured an order for a 50,000 dwt MR product tanker from ...

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Scorpio Tankers Sinks Deeper into Red

Monaco-based tanker shipping company Scorpio Tankers posted a net loss of USD 36.9 million for the third quarter of ...

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USCG Investigating Death aboard Chemical Tanker

The United States Coast Guard has launched an investigation into the circumstances surrounding the death on board ...

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TORM Buys Six MR Resale Tankers

Copenhagen-based shipping company TORM purchased six MR resale vessels for a total of USD 185 million during the ...

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Odfjell Hires Four Chemical Tanker Newbuilds

 Norwegian shipping and tank terminal company Odfjell SE has signed a framework agreement with Sinochem Shipping ...

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Tanker Earnings to Remain Low in 2018 amid Oversupply

The recovery of the tanker market forecast to start next year and give the much-needed boost to company earnings ...

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TEN Wraps Up 15-Vessel Newbuilding Program

Greek tanker shipping company Tsakos Energy Navigation (TEN) has taken delivery of the ice-class Aframax tanker ...

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International Seaways Taps Second-Hand VLCC Market

In line with its previously revealed fleet-expansion plans the US-based tanker owner International Seaways has ...

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Teekay Tankers Sells Aframax Duo, Posts Net Loss in Q3

Teekay Tankers has disposed of two 1999-built Aframax tankers since August 2017 collecting aggregate proceeds of ...

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Tanker Investments Plunges Further into Red

Challenging market conditions plagued by the oversupply of vessels have pushed tanker owner and operator Tanker ...

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Chemical Tankers Expect Recovery from Late 2018

Chemical shipping market is heading toward a recovery phase, which would be supported by subdued ordering and a ...

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Teekay, TIL Shareholders Advised to Back the Merger

Proxy advisory firms of Tanker Investments Ltd (TIL) and Teekay Tankers have recommended that the shareholders of ...

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Strong Demand in Oil Tanker Segment to Lift Rates

The loss making freight rate levels witnessed in the tanker market during October are expected to be somewhat ...

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Monjasa Adds Largest Member to Its Fleet

Denmark-based maritime company Monjasa has decided to expand its fleet with a D-Class product tanker from SKS ...

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SCI Gets Nod to Sell Crude Oil Tanker Duo

The Shipping Corporation of India Ltd (SCI) is looking to sell two of its crude oil tankers as it received an ...

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NAT Posts Nine-Month Loss

Nordic American Tankers (NAT) booked a net loss of USD 34.2 million in the third quarter of this year, widening its ...

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