Novoship trial finally begins
Russian tanker owner’s $135m corruption case against former UK boss Vladimir Mikhaylyuk opens without main defendant, who is ill.
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Torm takes another sale hit
Danish owner confirms disposal of 50% stake in LR1 Torm Ugland for $5m loss.
Norden red but ahead in Q1
Danish owner sees bottom line change colour thanks to a huge impairment, but its adjusted figures beat forecasts.
RS Platou boost for Golar LNG
Falling share price draws an upgrade from analysts at Norwegian finance house.
Titan Petrochemicals nears tipping point
Cash-strapped owner in dire straits as it sheds ageing product tankers while Grand China drama continues unresolved.
Pacific Glory gets refloated
Sinokor Merchant Marine’s VLCC resumes voyage following grounding off Malaysian coast last week.
Analysts line Capital catwalk
Terms of nine-digit fundraising exercise met by mixed reviews on Wall Street but most agree payout preservation is positive.
CPP seals debt refinancing
Evangelos Marinakis-led tanker owner pushes back interest payments as it sells $140m of convertible units.
Asian markets are now open
Chartering | Tankers
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Burst of business in West Africa sends rates up nearly 70% to $30,000 per day. VLCC:
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Million-barrel tankers hit Worldscale 90 from West Africa as exports boom. VLCC:
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Rates shift downward again as demand stays muted from the Persian Gulf to Asia. VLCC:
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Chevron signs up Tohoku
Japanese power company latest to sign up for Wheatstone LNG export facility in Western Australia.
China cargo volumes weaken
World’s largest importer sees demand for iron ore and crude ease, but soya bean cargoes see a rebound.
Meldgaard welcomes 'bank owners'
Torm boss is happy to have lenders as shareholders as giant restructuring remains on track.
Machado to leave Transpetro?
Speculation mounts that Brazilian tanker owner CEO’s nine-year tenure could be about to draw to a close.
Tankerska Plovidba bounces back
Croatian tanker player returns to profit in first quarter after shedding loss-making aframaxes.
Solvang better in first quarter
Norwegian LPG carrier company boosted by higher revenue and financial gains to 31 March.
Armed pirates hijack Dynacom tanker
Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni.
ShinaSB lines up MR order
South Korean yard signs letter of intent with European owner for up to six products carriers.
Tankers help Odfjell beat bets
Jan Hammer-led owner puts up stronger than expected first quarter figures as chemical tanker spot market improves.
GDF Suez signs for US LNG
French utility giant latest to sign up for Sempra Energy’s Cameron LNG export facility in Louisiana.
Red ink runs deeper at Torm
Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers.
GasLog wins two thumbs up
Evercore and JP Morgan analysts like the look of shares in newly listed LNG firm.
Nordic American lingers on FBR hit list
US-quoted owner still has what it takes to snap up suezmaxes and dish out dividend despite earnings miss, analyst says.
Lenders back Genmar rescue plan
New York bankruptcy court approves restructuring after banks vote unanimously for debt-cutting deal.
Ships flowing out of K Line?
Japanese owner said to be selling modern aframaxes Temasek River and Raffles River.
Singapore tanker attack foiled
Crew of aptly-named Savvy seal accommodation block and engine room as pirates fail to gain control of vessel.
Nordic Tankers slashes deficit
Herbjorn Hansson-led tanker owner pays out for the 59th consecutive quarter despite loss.
Navios Acquisition defies Street prophecy
Red ink stains Angeliki Frangou-backed tanker owner in the first but results are still above key market indicator.
Chinese owners double their money
Sinochem and Nanjing Tankers charging big premiums for chemical tanker trips from Iran as sanctions bite.
Shogun Ships exec kidnapped
Philippines tanker owner’s manager Vicente Cordero abducted during bike ride in Las Pinas, Manila.
Maersk MRs find new homes
Danish giant is said to have sold off four mid-1990s built double-hulled product tankers.
Race to diffuse Tokyo time bomb
Talks over charter hire deferrals hit the skids as Sanko Steamship grapples with dry arrest and damage claims totalling $16m.
ExxonMobil dives into Orion pool
Details remain scarce as Nordic American and Frontline-backed suezmax venture pen Atlantic Basin pact with US oil giant.
Russian tanker duo finds buyer
Polembros linked to deal for former Novoship suezmaxes Naviga and Nautic.
Great Eastern takes earnings hit
Higher costs and falling tanker and bulker rates slashed profit at Indian shipowner.
Aeolos in supreme court victory
Judges find in favour of owner of Greek VLCC overturning charter ruling for Petrobras.
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