Scorpio Tankers is taking over Navig8 Product Tankers making it the largest owner of product tankers listed in the US.
Euronav have has ordered two ice-class suezmax newbuildings from Hyundai Heavy Industries (HHI) for time charters to Valero Energy.
Kawasaki Kisen Kaisha (K Line) reported a hefty loss of JPY139bn ($1.24bn) for FY2016 ended 31 March 2017 hit by restructuring losses and impairments.
Mitsui OSK Lines (MOL) returned to the black in FY2016 ended 31 March 2017 with a $46.9m net profit for the year.
Frontline has launched a renewed bid for DHT Holdings, this time including the VLCC fleet of BW Group, which came in a deal after its last offer was rejected.
The diversified BW Group has had an active last year or so including a foray into the dry bulk market with BW Dry, acquiring Aurora Tankers in the gas carriers sector, and a major VLCC deal with DHT Holdings. “For the past 12 months there’s been a lot of progress on most fronts in the group,” Andreas Sohmen-Pao, chairman of BW tells Seatrade Maritime.
Samudera Shipping Line is planning to dispose of six elderly ships including four boxships and two oil tankers, subject to approval from the shareholders.