‘Very tight’: Spot rates for MR product tankers rebound to four-month high in the Atlantic
Rates also gaining in the Mediterranean as signs point to more upward momentum
Tankers
Top Scorpio Tankers officer cashing in 50,000 shares for $2.5m
Chief operating officer Cameron Mackey declines comment, but sale is understood not to reflect views on company or clean product tanker market
KCC opens up in Dubai as it targets more Asian and African business
Combination carrier company says commercial presence is important in regional hub
SFL Corp fixes drilling rig for lucrative contract and books second-quarter profit
Dividend machine kept rolling for maritime leasing company for the 78th consecutive quarter
Tanker market’s shifting tectonic plates make newbuilds too risky, says Torm’s Jacob Meldgaard
Danish company’s boss prefers to expand through secondhand deals
American Petroleum Tankers fixes MR tanker to US government for $28.5m
US Department of Defense pays fixed rate for third optional period on Empire State
Torm handing over $127m to shareholders as it smashes profit expectations
Danish tanker owner enjoyed 23% rise in time-charter earnings in second quarter
Huge buyback drive continues at Scorpio Tankers as it splashes another $49m
Product tanker giant makes good on promise to return more cash to investors
China’s Xingtong Shipping expands fleet with two stainless steel chemical tanker newbuildings
Orders are part of the company’s fleet-expansion programme
Odfjell to trial air lubrication and suction sails on its chemical tankers
Norwegian chemical tankers look at single-digit carbon reductions and fuel savings from installations