Late last week, multiple events brought together professionals from the shipping and the underlying commodity businesses around New York. The Connecticut Maritime Association’s monthly luncheon, in nearby Stamford, featured long time market...
The booming tanker market has fuelled another public offering - Tankships Investment Holdings, with George Economou’s Dryships seeking to spin out its existing tanker fleet into a new entity.
As widely anticipated, Euronav has come to market with its offering on the New York Stock Exchange (NYSE) hoping to raise as much as $201.6m ($185m net) figuring an overallotment allowance granted to the underwriters. Financial pundits say that ...
Unipec topped the list of dirty tanker charterers in 2014, and was by far the largest hirer of VLCC tonnage, according to brokers Poten & Partners.
So 2014 proved to be a rather better year for the crude tanker market than recent years with earnings in the VLCC, suezmax and aframax sectors considerably higher than the previous year.
Nordic American Tankers (NAT) has contracted Sungdong Shipbuilding & Marine Engineering in Korea for two 158,000 dwt suezmax tankers for approximately $65m each.
DHT Holdings is buying Samco Shipholding for $317m increasing its VLCC fleet to 20.
John Fredriksen’s mighty Frontline second quarter results released last week will have sent shivers down the spines of owners in the crude tanker market. Despite its legendarily tight operation, the New York-listed tanker giant managed to lose ...