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.
News & Analysis
26 Feb 2018
05 Feb 2018
South Korean shipbuilder STX Offshore & Shipbuilding wins orders from Greek shipping company to build two product tankers.
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.
03 Jan 2018
Thailand-based Prima Marine orders product tanker quartet, scheduled for delivery in the first quarter of 2019.
01 Jan 2018
The stars are aligning for product tankers as inventories fall and new refineries debut.
14 Dec 2017
Parcel tanker specialist has begun a three-vessel fleet renewal operation with the support of Italian state institutional investor Cassa Depositi e Prestiti
27 Nov 2017
South Korean shipowner Dong-A Tanker offloads two newly built Suezmax tankers as the company has been reportedly having cashflow problems.
24 Nov 2017
Korea Development Bank has agreed to issue refund guarantees to build two 50,000 dwt products tankers and one 11,000 dwt chemical tanker to STX Offshore & Shipbuilding.
24 Nov 2017
Sungdong Shipbuilding & Marine Engineering and the governor of South Gyeongsang province are now proactively engaging government officials and the shipbuilder's creditor banks to secure support to continue its operations.
29 Sep 2017
Hurricane Harvey slammed into the US Gulf energy complex in late August. Just one month later, the industry is almost back to full force and tanker loadings have completely rebounded.