CSDC splitting
Chinese giant forming two subsidiaries to oversee and own bulker and tanker fleets in efficiency boost.
Captain tops up TEN holding
Greek magnate buys up an additional $5m worth of stock in New York-listed tanker owner.
Sinopec makes bunker breakthrough
Chinese oil giant signs first overseas term supply deals for Chinese vessels in Panama and UAE.
KOGAS signs-up for Sabine
Korea Gas Corp becomes the latest gas company to agree long-term deal for US LNG exports.
Sovcomflot IPO "first in line"
Russian economy ministry says tanker company’s share sale is the main priority for the spring.
RS Platou ponders Iranian poser
Iranian embargo is already pushing rates but it won't provide a lasting cure for low earnings, says Ole-Rikard Hammer.
Shipping crisis can be fixed in five years
Shipping can turn the corner in the next half decade if owners use the only trick still open to them, broker says.
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Chartering | Tankers
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Rates have halved for Persian Gulf voyages to Asia from last week's peak. VLCC:
Suezmax:
Aframax:
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Lack of fixtures in Persian Gulf hurting owners, while suezmax rates fall fast in West Africa. VLCC:
Suezmax:
Aframax:
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Persian Gulf rates take a hammering to Asia, and West African suezmaxes also weaker. VLCC:
Suezmax:
Aframax:
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BP Alaska suezmax punctured
Alaskan Navigator heads to repair yard after small hole found in hull off Oregon.
General Maritime rolls the dice
Bankrupt US tanker owner files restructuring plan as it races to unshackle Chapter 11 chains by spring.
Maersk names new gas man
Claus Gronborg set to take charge of Danish shipowner’s gas shipping activities as of today.
Mitsui OSK Lines bins another pair
Japanese giant takes tally of torched double skinned tankers to five.
Japan's Iino slips into the red
Major LPG and chemical player sinks to a loss in the third quarter, but sees improved full-year result.
Larger Capital, smaller profit
Evangelos Marinakis-led Capital Product Partners sees fourth quarter profit dip as cost of larger fleet trumps improved revenue.
Red rain falls on K Line
Japanese giant posts $550m loss in dire nine-month markets and says worse is to come.
Thailand eyes tanker renewal
Japanese yards to offer financial and technical help to Thai counterparts building 10 new coastal vessels.
FSL sweats on next cheque from BLT
Philip Clausius-led firm is in the dark about whether embattled Indonesian owner will continue to pay up on tanker trio.
Greek tanker held over spill
French authorities suspect Trefin Tankers vessel of causing 12km trail of pollution off Corsica.
Genmar lost $19m in three weeks
Bankrupt tanker owner continues to rack up red ink having entered Chapter 11 protection.
Tankers the tonic for Platou takeover swoop
Peter Anker and Richard Fulford-Smith share their thoughts on potential takeover of ACM.
Vitol tankers held in row
Sudan seizes two vessels chartered by oil trader in dispute with South Sudan over pipeline fees.
Mohammad Souri quits helm of NITC
Iranian tanker chief retires after more than a quarter of a century building top VLCC owner.
Nigeria LNG launches loan quest
Bonny Gas Transport parent racing to quench appetite for LNG carriers with help from billion-dollar bankroll, sources claim.
KOTC seals Korean VLCC deal
Kuwaiti owner signs for four 317,000-dwt tankers plus an aframax at shipbuilder Daewoo.
Maersk Tankers crowns new chief
Danish shipping dynasty's tanker division trades king for a queen as Maersk Line lieutenant shifts gears.
DNB confirms BLT debt exposure
Norwegian bank says portfolio still solid despite Indonesian tanker owner's freeze on payments.
MMI dumps more DHT stock
Major shareholders are continuing to offload their stakes in the New York-listed crude tanker owner.
Berlian Laju battles debt disaster
Tanker giant in dangerous territory as it prepares to freeze trading and repayment of $418m owed on loans and ship leases.
Exmar ekes out Q4 profit
Belgian gas operator inches into the black in the last three months of 2011, not helped by loss at offshore arm.
Berlian Laju’s grades take a tumble
Fitch dumps its ratings on Indonesian shipowner in the wake of its debt difficulties.
Chembulk dodges BLT debt bullet
CEO of Berlian Laju’s Connecticut chemical arm claims its “business as usual” despite cash crunch at Indonesian parent.
Transpetro tied to Osorio oil spill
Petrobras tanker wing issues alert as authorities race to contain oil leak at floating transfer station off Brazil.
Stolt-Nielsen profit slips in fourth quarter
Oslo-listed shipowner looks to 2013 for tanker market recovery after drop in its fourth quarter bottom line.
Evercore dismisses DHT dividend doubts
Fear of a further dividend cut which is dragging owner’s stock down is wide of the mark, analyst says.
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