Tanker flagged as possible scrap candidate finds a trading buyer.
http://www.tradewindsnews.com/tankers/1588218/hadjiyiannis-adds-to-vlcc-feast-with-seaways-veteran
tankers
Polemis sells latest VLCC for demolition
Greek owner has secured almost $19m from his fourth VLCC scrap sale of 2018.
http://www.tradewindsnews.com/tankers/1588018/polemis-sells-latest-vlcc-for-demolition
Saudi Arabia to join China Pakistan Economic Corridor project
Suggesting a major change in global oil flows, Saudi Arabia is expected to sign up to add billions of dollars of petrochemical infrastructure to the Chinese-built port of Gwadar in Pakistan. Saudi Arabia is committing up to $8bn in the China Pakistan Economic Corridor (CPEC), a transit route...
https://splash247.com/saudi-arabia-to-join-china-pakistan-economic-corridor-project/
Trafigura takes first of 35 tankers
At a naming ceremony yesterday for a suezmax ship, commodities giant Trafigura revealed it has exercised options for three more tankers. The Mt Marlin Singapore, a 150,000 dwt suezmax, was christened at Hyundai Samho Heavy Industries in South Korea. Trafigura stated in a release yesterday the...
Stena Bulk changes gears to scrap suezmax
Erik Hanell confirms change of plan on tanker owned by joint-venture.
http://www.tradewindsnews.com/tankers/1587963/stena-bulk-changes-gears-to-scrap-suezmax
Trafigura confirms options to buy 35 tanker newbuilds
Trader names first two in series of suezmaxes, LR2s and MRs in Korea and China.
http://www.tradewindsnews.com/tankers/1587932/trafigura-confirms-options-to-buy-35-tanker-newbuilds
Capes fall further with …“rich” pickings for BDI; CAUTION!
John Faraclas
The BDI gained 23 points and now stands at 1,396 trying to go over and above the 1,400 point threshold. Geopolitics full of sins govern the day yet again. John Faraclas’ daily recap:
The Capes lost another 27 points and the BCI now stands 1,838 points; ultra-caution should be observed as volatility is here to stay…
“Recuperating” Panamaxes show its BPI clinching 27 points – now at 1,527… Take a deep breath!
Gains for both the Supras and Handies; the BSI with 1,169 – up ten and the...
http://www.allaboutshipping.co.uk/2018/09/20/capes-fall-further-with-rich-pickings-for-bdi-caution/
Hunter Group aiming to score with speculative DSME order
CEO of Arne Fredly-backed shipowner believes scrubber-fitted VLCCs will have a ‘huge competitive advantage’
Blue-chip Greek trio vie to supply Chevron newbuilds
Maran Tankers, Consolidated Marine and Tsakos Group in competition over a tender for suezmax charters lasting more than five years
http://www.tradewindsnews.com/tankers/1583484/blue-chip-greek-trio-vie-to-supply-chevron-newbuilds