Restis switches newbuilding focus back to suezmaxes at Daehan
After a string of MR newbuilding deliveries, Greek owner renews its fleet with a sprinkling of suezmaxes
Tankers
G7 to review price caps in March as new upheaval looms
Discussions over levels for new cap on Russian refined oil exports as Europe tries to put squeeze on Moscow
Newbuilding order volumes down almost 40% in 2022, says Clarksons
However, more complex ships meant the value of orders was up 6% to $124.3bn
Torm tied to seven LR1 ships in secondhand buying spree
Danish owner splashes the cash in niche segment of the product tanker fleet in deals worth nearly $240m
Fredriksen snaps up 4.7m more Euronav shares as parties head to arbitration
Norwegian shipping magnate now controls 22.62% of all shares in Belgian tanker giant
Russia turns to older tankers, including a few 20-somethings
Poten & Partners says the age profile of ships carrying Russian oil changed significantly in 2022
Crude tanker spot market closes out tepid week with suezmax declines and flat VLCCs
Suezmaxes lose recent gains while VLCC gains were cancelled out by declining rates out of US Gulf
Volatility predicted for product tanker market as Russian product embargo looms
Spot rates have not improved ahead of the embargo, with plenty of Russian imports and high inventories pushing a rally back
Trafigura to import crude into Italy after Russia’s Lukoil sells ISAB refinery
Trader teams up with Cypriot private equity fund to replace Russian barrels at Sicilian plant
Editor’s selection: Thome-OSM tie the knot, HSBC retreats from shipping and Euronav seeks to save Frontline tie-up
A look at some of TradeWinds’ biggest and most intriguing stories of the week