$15.2m Investment in a Chemical Tanker

(Jan 14 2021)

The Board of Tufton Oceanic Assets Limited is pleased to announce that the Company has acquired a stainless steel Chemical Tanker for $15.2m.



New Fortress Energy to acquire Golar LNG Partners LP

(Jan 14 2021)

Golar LNG Partners LP announced that it has entered into an agreement and plan of merger with New Fortress Energy Inc.



Iran spurns South Korea request for release of tanker after meetings

(Jan 14 2021)

Iran has rejected South Korea's request to release a Korea-flagged tanker Tehran's armed forces seized earlier this month after meetings between a senior South Korean diplomat and Iran's foreign ministry and central bank.



Pacific Island nation tells Venezuela ‘That Oil Tanker Isn’t Ours’

(Jan 14 2021)

Island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific country in the crosshairs of U.S. sanctions.



South Korean-flagged tanker seized by Iran, Seoul demands release

(Jan 07 2021)

Iran angered by freezing of $7 billion in South Korean banks.



AET takes delivery of DP2 shuttle tanker Eagle Pilar

(Jan 07 2021)

AET, one of the world’s leading petroleum tanker owners and operators, took delivery of Eagle Pilar, a new Suezmax second generation Dynamic Positioning (DP2) Shuttle Tanker which has been purpose built for long-term charter to Brazil Shipping I Limi...



Iran launches 2nd home-built Aframax tanker

(Jan 07 2021)

Iran has launched its second domestically-produced Aframax oil tanker at the Sadra Island shipyard in the southern province of Bushehr.



Performance Shipping Inc. announces delivery of its fifth Aframax tanker, M/T P. Yanbu

(Dec 17 2020)

Performance Shipping Inc., (the “Company”), a global shipping company specializing in the ownership of tankers, announced that in Manila, Philippines, it has taken delivery of the M/T P. Yanbu (formerly “Kalamas”), a 2011-built 105,400 dwt Aframax ta...



KNOT Offshore Partners LP announces acquisition of Tove Knutsen

(Dec 17 2020)

KNOT Offshore Partners LP (the “Partnership”) announced that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker, Tove Knutsen, from Knutsen NYK Offshore Tan...



WL Ross & Co. announces agreement to sell its equity interest in Navigator Holdings to BW Group

(Dec 17 2020)

WL Ross & Co. LLC ("WL Ross") announced that it has agreed to sell, on behalf of funds managed by WL Ross, their approximately 39.1% equity interest in Navigator Holdings Ltd. ("Navigator Holding") to BW Group Limited ("BW Group") at a price of $9.00...



2020: The rise and fall of Floating Storage

(Dec 17 2020)

Floating storage told the story of the extraordinary moves in oil demand and supply in 2020.



Japan extends Middle East mission to protect tankers

(Dec 17 2020)

Japan is extending its naval mission in the Middle East by one year until the end of 2021 to protect merchant oil shipping.



Maersk Tankers continues growth by adding four Xihe-owned tankers to its pools

(Dec 10 2020)

Maersk Tankers has entered a commercial agreement that sees it take over the running of four product tankers owned by Xihe Holdings (Xihe).



Maersk Product Tankers completes sale of 14 vessels in an agreement with CDBL

(Dec 10 2020)

Maersk Product Tankers has entered an agreement with China Development Bank Financial Leasing Co., Ltd (CDBL) for the sale of 14 product tankers at a total value of USD 422m.



Aframax tanker for Sovcomflot laid down at Zvezda Shipyard

(Dec 10 2020)

A new Aframax tanker, to be named “Ocean Avenue”, under construction for Sovcomflot has been laid down at the Zvezda Shipbuilding Complex.




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Nov-Dec 2020

Shipping post COVID - practicality of decarbonisation - Hafnia and vessel performance