Sale-and-leaseback transactions have become flavour of the month among products tanker owners, with a number of deals executed by public companies and the promise of more to come.
Germany’s Oldendorff Carriers continues to be active in the sale-and-purchase (S&P) market by buying a Chinese-built, post-panamax bulker from compatriot owner Herm Dauelsberg.
Frustration bubbled to the surface during an exchange with equity analyst that underlines Nordic American Tankers’ downward stock price performance over the past 12 years
Offshore consolidation — so far — is creating large entities with monstrous piles of debt and more owners need to go out of business, says DVB Bank’s Geir Sjurseth
Arne Blystad-backed Songa Bulk has the firepower to more than double its fleet after an over-subscribed private placement last week.
UK-based Tufton Oceanic is being linked to two medium-range (MR) tankers from the fleet of Claus Petter Offen as it continues to grow its fleet.