Braemar Shipping Services stock jumped by over one tenth today, breaking above the £2.00 barrier for the first time since February. The run follows strong full-year results from its shipbroking and finance divisions and a stable dividend during a year which saw one-offs from the sale of a slice of its technical arm bring a bottom-line loss. Braemar Shipping Services strikes technical deal with Aqualis Braemar ACM brings in two…

Shipowners Filippos and Andonis Lemos have doubled their suezmax tanker newbuilding orderbook at Daehan Shipbuilding. Lemos family company Enesel returned to the suezmax sector last year with a two-ship deal at the South Korean yard and has now taken two options linked to that contract, sources say. Enesel inks scrubber-ready aframax tankers The deal marks the latest in a line of tanker fleet-renewal moves by the brothers, who have been…

China Merchants Group (CMG) is eying more tanker and logistics businesses from Rongsheng Petrochemical, with the Chinese private player’s new petrochemical complex starting trial operation. According to company statements, CMG and Rongsheng have signed a strategic agreement to promote further cooperation in the shipping, logistics and financing sectors. “With the synergy between different CMG units, we are aiming to provide comprehensive services to Rongsheng,” CMG executive vice-president Wang Hong said….

The crew of a UAE-owned suezmax has appealed for help after spending six months under detention in Egypt. The 31 men on board the 163,000-dwt Sea Shark (built 1991) contacted Russian news agencies to highlight their plight. AIS data shows the vessel sailed from Kharg Island in Iran in October to Suez. There it awaited instructions from the shipowner, the TASS news agency said. A crew representative told TASS: “For…

Hafnia Tankers has recorded a profitable start to 2019 in what was its first quarter following a merger with BW Tankers. Product tanker capital of the world shows clockwork growth Andreas Sohmen-Pao strikes again as BW Group takes control of Epic Gas The January deal created a product tanker power with a $2.2bn owned fleet and a pool system extending the overall scale to 170 vessels. Mikael Skov, chief executive…

Investors are showing a strong interest in tanker stocks as part of a wider upturn in attention directed towards the energy sector, according to a leading shipowner. Alafouzos family hands Okeanis Eco Tankers options for fresh suezmaxes at Hyundai Heavy Industries Okeanis Eco Tankers has just raised $15m from its main shareholder, the Alafouzos family, in a move initiated following a non-deal roadshow. While it was always the plan for…

Leading shipowners association the ICS says the IMO is still on schedule to meet its carbon emissions targets despite claims from environmentalists that progress has stalled. Commenting after the conclusion of the Maritime Environment Protection Committee (MEPC) meeting, where carbon reduction strategies were discussed, International Chamber of Shipping (ICS) chief executive Guy Platten said: ““If this solid IMO momentum continues then the industry is on track to meet the 2030…