India’s The Great Eastern Shipping (GE Shipping) has earmarked up to $50m over the next four years to upgrade its fleet for compliance with IMO’s regulations on low-sulphur fuels and ballast water treatment systems (BWTS).
Singapore-listed First Ship Lease Trust (FSL Trust) has penned a letter of intent with Cosco Shipping Heavy Industry (Yangzhou) Co for the construction of two LR2 product tankers at a total price of $97.2m.
Marine fuels supplier Bomin Group has agreed to sell its Belgium operations to tanker shipping group Somtrans, in line with Bomin’s plan on exiting the bunker market in Antwerp.
Energy logistics and bunker supply firm Brightoil Petroleum has ditched an earlier announced plan to sell 15 oil tankers in view of the recent upturn in the VLCC market.
Singapore-based Raffles Shipping International has booked up to six 19,700-dwt chemical tankers at China’s Wuchang Shipbuilding Industry Group.
Daewoo Shipbuilding & Marine Engineering (DSME) has clinched an order from Norway’s Hunter Group to build up to three VLCCs for about $273m.
China’s Wuchang Shipbuilding Industry Group has won an order to build up to four 7,200 dwt stainless steel chemical tankers for chemicals trading group Sinochem.
Scorpio Tankers Inc. has entered into a sale-and-leaseback deal with China’s Bank of Communications Financial Leasing (Bocomm Leasing) for five secondhand MR product tankers.
Taiwan’s Wisdom Marine has aborted a plan to build two new 115,000-dwt aframax tankers at Japan Marine United Corporation.