Shipping billionaire makes formal complaint over ‘massive criticism’ by newspaper
Tycoon Torben Ostergaard-Nielsen has had enough of coverage of toxic waste scandal and other stories
Tankers
Shipowners trading Russian oil tipped to follow European lead on price cap rules
Two-tier price has added confusion to highly complex sanctions
Broker Affinity (Shipping) profit falls due to rising wages and Vortex takeover
London shop’s accounts reveal new bank deal and rise in members
Greek tanker hit by blast in suspected sabotage attack to be scrapped
Grace Ferrum was damaged while off Libya in February
VLCC rates could have further to fall before ‘sharp rebound’, brokers believe
Balanced tonnage supply picture bodes well in the longer term, market observers say
New sanctions drive up rates for tankers loading Russian oil
Cost of doing business into India hits $6m for a one-way trip
Upside for John Fredriksen-backed Frontline fuels tanker investment case, say analysts
Shares rose 3% in Oslo on Friday
Adnoc L&S wins tight pricing on $317m follow-on sale of shares to institutional investors
Sale of further 3% by parent set to boost logistics arm’s free float and international trading liquidity
Lars Barstad bemoans artificial VLCC rate ceiling as traders cash in short-term deals to ‘buy Swiss chalets’
Frontline boss explains how tanker market struggles to break through magic $50,000 per day barrier
CMB.Tech boss Alexander Saverys wants shadow tanker fleet to ‘disappear quickly’
Belgian owner says sanctions are making operation of non-compliant ships increasingly difficult