News & Analysis

STX O&S shipyard.
11 Jul 2018
Sincere Navigation’s newbuilding order fell through after shipbuilder STX Offshore & Shipbuilding failed to secure refund guarantees.
Hafnia Andromeda
09 Jul 2018
BW Group has announced firm plans to increase its stake in Hafnia Tankers to 43.5%.
Norwegian oil major Equinor (formerly Statoil) refinery in Mongstad
09 Jul 2018
Turkish shipowner Ya-Sa Holding has locked two of its four MR tankers into a charter for up to three years with Norwegian oil major Equinor.
12 Jun 2018
Hyundai Heavy Industries is in negotiations with Islamic Republic of Iran Shipping Lines on the delivery of 10 ships commissioned in 2016 now US President Donald Trump has withdrawn from the Iranian nuclear deal and begun re-imposing sanctions. 
Samsung Heavy Industries' shipyard.
11 Jun 2018
Mitsui & Co has contracted five MR tankers at Samsung Heavy Industries for long-term charter employment to oil major Chevron.
FSL New York
09 May 2018
FSL Trust is considering whether to sell or refinance the two chemical tankers remaining in its fleet. 
Hyundai Mipo Dockyard
25 Apr 2018
Kuwait Oil Tanker Company has signed a USD167.6 million contract with South Korean shipbuilder Hyundai Mipo Dockyard for the construction of four 48,000 dwt product tankers.
British Serenity
26 Feb 2018
BP Shipping has sold three medium-range tankers worth almost USD36 million to an Asian buyer and will time-charter back the vessels for an unspecified period.
STX O&S shipyard.
05 Feb 2018
South Korean shipbuilder STX Offshore & Shipbuilding wins orders from Greek shipping company to build two product tankers.
The 2009-built 19,998 dwt Caribbean Orchid
11 Jan 2018
Japanese shipowner NS United Kaiun Kaisha offloads chemical tanker fleet to remain competitive as the company adopts a different business approach that can generate stable earnings.