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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.
New York: New York-listed Nordic American Tankers could raise more than $100m from a public offering of 9.75m common shares priced at $9.60 each.
Dubai: Shares in Gulf Navigation, a Dubai-based oil and chemical tanker shipping company, plummeted after it reported a doubling of annual losses. Company auditors warned its future depends upon the…
Tokyo: Nippon Yusen Kaisha (NYK) has inked a four-year time charter for a LNG carrier with GDF Suez.
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