African nation’s tanker sector is seeing a handful of companies grow while others bow out
tankers
Tanker owners face battle to rejuvenate fleets
Tanker owners anxious to rejuvenate their fleets will have to be patient and fork out very considerable sums, new data from broker Gibsons shows. With record amounts of containerships and LNG carriers ordered over the five last quarters, shipyards are sitting on near-three year orderbooks. The...
https://splash247.com/tanker-owners-face-battle-to-rejuvenate-fleets/
Harald Fotland steps up to replace Kristian Morch as Odfjell boss
Chief operating officer confirmed as Danish executive’s successor
‘Exploding margins’: product tanker owners lead the way with stock jump of 48% in 2022
Clarksons Platou says refinery economics supporting strong recovery for clean carriers
Clarksons tips crude tanker demand rise of 8% this year but headwinds remain
Research company also upbeat on product carriers, although lockdowns and general economic uncertainty could alter forecast
Dutch dockers refuse to unload CST tanker carrying Russian gasoil
Workers in Sweden had already turned away the Sunny Liger, despite no EU oil ban yet being in place
Chinese lead race for vintage VLCCs
A string of relatively young names in Chinese shipping are now handling several vintage VLCCs sold in the last couple of months. A Dalian-register outfit named Derecttor has two vintage VLCCs under its name recently sold by John Fredriksen’s SFL Corporation. The 2004-built Front Energy has now been...
Boardroom battle intensifies at Euronav
Belgium’s Euronav is taking a stand against its founder and largest shareholder, Compagnie Maritime Belge (CMB), and has urged investors to reject the Saverys family vehicle’s three board nominees at the upcoming annual general meeting. CMB, which has opposed the merger of the tanker giant with...
https://splash247.com/boardroom-battle-intensifies-at-euronav/
More Of Europe’s Crude Supply Is Coming From Deep In The Heart Of Texas
By Arathy Somasekhar and Stephanie Kelly HOUSTON,(Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset…
https://gcaptain.com/more-of-europes-crude-supply-is-coming-from-deep-in-the-heart-of-texas/
A chorus of analysts, minus one, sees new golden era for Scorpio Tankers
How one researcher moved his price target to $41 on a $24 stock while another kept his at $10.50