QTerminals Targets 21,000+ TEU Boxships

Port of Hamad

QTerminals CEO speaks about braving the Gulf crisis and developing Hamad Port.

Team Tankers Finalizes Acquisition Deal

Team Tankers International vessel

Team Tankers International finalized the acquisition of Laurin Shipping AB and Anglo-Atlantic Steamship Company.

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Impairment Charges Push Team Tankers Further into Loss

Tanker owner Team Tankers International saw its net loss for the third quarter of 2017 widen significantly, mainly ...

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K Line Adds VLCC Kisogawa to Its Fleet

Japan’s shipping major Kawasaki Kisen Kaisha (K Line) has expanded its fleet as it took delivery of ...

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CSET to Order 14 New Tankers

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

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Harvey Aftermath: 22 Oil Tankers Waiting to Unload off Texas

As of August 28, 22 oil tankers are stranded off Texas coast as they are unable to offload their cargo due to port ...

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Tankers to Return to Pakistani Yards from Next Month?

Pakistan’s Gadani yards could start receiving tankers, with more stringent requirements, from next ...

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MISC Orders Two Suezmax Tankers from Samsung

Malaysia International Shipping Corporation (MISC) has placed an order for two Suezmax shuttle tankers at South ...

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Breaking: Trafigura In for Up to 32 New Tankers

Singaporean commodity trading company Trafigura Group revealed its plans to hire up to 32 newbuild crude oil and ...

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Marenave Finds Buyers for Three Tankers

German shipping trust Marenave Schiffahrts AG has sold three of its tankers to undisclosed buyers for a total of ...

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Teekay Tankers Bags USD 153 Mn Sale-Leaseback Deal

Tanker shipping company Teekay Tankers, part of Bermuda-based Teekay Corporation, has entered into a term sheet for ...

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Sovcomflot Orders Four LNG-Fueled Aframaxes in Korea

The Russian state-owned shipping company Sovcomflot has placed an order for the construction of four 114,000 dwt ...

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Poor Chartering Market Pushes Pyxis Tankers to Loss

Having faced dire conditions in the chartering market, Greek product tanker company Pyxis Tankers suffered a ...

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Oman Shipping Secures Funds for 10 Tankers

Omani government-owned Oman Shipping Company (OSC) has secured USD 227 million in debt to finance the acquisition ...

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Large Tanker Orderbook Not as Scary as It Looks

Based on the delivery schedule of the current orderbook, deliveries of new tankers in 2017 will reach the highest ...

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ITOPF: Oil Tanker Spills See Downward Trend

The downward trend in oil spills from tankers continues, according to the latest annual statistics issued by the ...

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Report: Woori Bank Disposes of Four Hanjin Tankers

South Korea’s Woori Bank has sold four tankers owned by bankrupt Hanjin Shipping for USD 58.6 million, aiming ...

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V.Group Buys Selandia, Expands Presence in Asia

Ship manager V.Group has acquired Mumbai-based maritime services provider Selandia Holdings Pte. Ltd and its ...

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G E Shipping to Acquire Two Aframax Tankers

Mumbai-based Great Eastern Shipping Company (G E Shipping) has inked a contract to buy two Aframax crude carriers ...

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Navios Maritime Acquisition Reports above Market Earnings

NYSE-listed owner and operator of tankers Navios Maritime Acquisition has seen its net income for the third quarter ...

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Euronav's Profit Down amid Freight Rate Weakness

Antwerp-based tanker owner and operator Euronav NV has seen its net profit for the third quarter plunge to USD 0.1 ...

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Tanker Supply - A Gift and a Curse

While tanker demand dictates trade volumes and tanker routes, the volatility of fleet growth on the supply side may ...

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