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Copenhagen: Tanker rates in the first quarter have outperformed those of the comparable quarter last year reports troubled Danish tanker operator Torm.
Dubai: Odfjell Tankers (Odfjell) and National Chemical Carriers (NCC) will split their 18 vessel 40,000 - 45,000 dwt chemical tanker pool on 1 June 2013.
Singapore: Demand for very large crude oil tankers has virtually “ground to a halt” as the oversupply situation worsens and imports from the US drop, even as the Asian region…
The booming East African products import market is little remarked on but is playing a role in sustaining demand for MR and LR product carriers. Rising population and increased mining…
Jakarta: The IM Skaugen vessel Norgas Cathinka has been released after more than six months detention in Indonesia, although two crew members remain detained awaiting trial.
Seoul: Korea Development Bank (KDB) has launched due diligence for a takeover of STX Pan Ocean (STX PO), pushing up shares in the Korean shipowner.
New York: Scorpio Tankers has unveiled six newbuilding contracts worth a total of $209m for MR tankers and handymax ice-class vessels.
London: Stolt-Nielsen reported first-quarter losses of $2.8m, driven by the losses in the company’s tankers’ division.  
Copenhagen: Maersk Tankers plans to spend up to $35m as it pushes ahead with a fuel saving retrofit programme, with the first VLCC due in a Singapore yard this month.
Piraeus: Navios Maritime Acquisition Corp has entered into a $143.8m deal to acquire five MR2 product tankers and options for two more.
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