Danish shipowner looking to the future after stretching loan maturity for another year
Gibson Shipbrokers has some good news for under-pressure tanker owners who invested in exhaust gas cleaning systems
LNG had a big week following New Fortress Energy’s surprise move on Hygo
High Court judge throws out Ocean Tankers’ request to toss out writs filed against individual vessels
Dingheng targets a 100-ship tanker fleet by 2028 to optimise its efficiency and service
The New Times-built ship can also be converted to burn LNG
An unexpected flag state has made its debut after a series of elderly and controversial VLCCs unfurled the Djibouti colours
Crude tankers have started 2021 in terrible fashion with no traditional winter warm-up in rates. New York-based tanker brokers Poten & Partners warns VLCCs, suezmaxes and aframaxes are showing negative time charter equivalents on one or more of the benchmark routes. The malaise is likely to last...
Chinese tanker operator Dingheng Shipping has placed an order at Wuhu Shipyard for the construction of six chemical tankers. The order includes five 6,600 dwt tankers and one 9,000 dwt tanker. All the vessels will be equipped with smart navigation systems as part of Dingheng’s plan to form a “smart...
United Overseas Group (UOG), an investment company controlled by Greek interests, is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC) in a deal that is still subject to regulatory approvals. Watson Farley & Williams (WFW) advised UOG in the acquisition, which was structured by way of a reverse triangular merger with the financing for the acquisition provided by alternative investment firm, EnTrust Global. The transaction will be the first such merger to be affected...