Japan’s Nissen Kaiun doubles up on product tanker orders
The company has booked four newbuildings at slightly more than $45m per ship
Tankers
Turkey earthquake halts oil flows to Ceyhan terminal
Move said to be a precautionary move following tremor hitting southeast Turkey and northern Syria
Euronav sets date for vote on Saverys’ bid to replace board
On the eve of arbitration decision, the family’s CMB is looking to replace all five Euronav directors with new members
Tanker owners could opt for slow steaming for years to deal with new carbon rules, BRS says
Shipowners may not want to retrofit vessels with emissions-cutting technology until a prolonged downturn in the market, BRS Group said
US details petroleum product price cap rules
Treasury sets out guidance on how the scheme will work
US details petroleum product price cap rules as G7 looks to limit Russian profits
Measures setting price cap at $100 per barrel for some products and $45 per barrel for others set in on Sunday
Trafigura: Russia faces product tanker shortage in coming months
Senior trader says long-haul transition from European trades will stretch the 200-strong product tanker ‘shadow fleet’
‘Conservative-minded’ Schoeller Holdings plots tanker and bulker fleet renewal
Boss Mark O’Neil explains Cyprus-based group’s approach to maintaining a shipowning presence
‘Owners’ market’: McQuilling tips aframaxes to flourish through to 2025
VLCC sector may be less fruitful as demand expected to fall, US consultancy’s modelling suggests
From buyer to seller? India’s Gatik linked to first ship disposal
Red herring or a change of course? An opaque serial tanker buyer is said to be making a rare secondhand sale