Best time to buy ships is ‘when nobody would lend you money’, Tsakos says
Greek owner argues that it also helps to have no competition around when expanding a fleet
Tankers
Euronav silent as S&P interest swirls around world’s second-biggest tanker
Industry sources report talk around potential sale of ULCC Oceania, three months after disposal of sister ship Europe
Polembros offloads its oldest crude carrier at a juicy price
Another day, another profitable tanker sale by a Greek owner
US doubles down on sanctions warnings over record Iran oil exports
State Department cites crackdown on Chinese companies in 2022 in new warning for traders
Private equity player Oaktree offloads chunk of tanker giant Hafnia in a private sale
US fund cashes in again as higher product tanker rates drive share price up
D’Amico snaps up leased MR tanker for $13m below market price
Italian owner exercises another purchase option for bargain product carrier
Ban Panama-flag tankers from EU ports over Iran trades, says US pressure group
Group calls for ban while Iran cautions over public statements about crackdown
Ex-FBI agent faces sanctions charges linked to Russian oligarch
Legal experts say move by prosecutors points to ‘US-first’ plan to target Russia sanctions breakers
Al Seer pledges fleet growth after adding bargain MR and selling two ships
Expanding Abu Dhabi owner confirms ambition to take advantage of volatile shipping and commodity markets
Trond Mohn keeping MR tankers for now after big profit on Torm LR1 sales
Norwegian investor says his vessels were debt-free, meaning a big pay-day