Hafnia’s Skov says ‘discipline’ needed on tanker orders as 12-month profit tops $1bn
Chief executive Mikael Skov believes demand will increase but warns of increasing orderbook
Tankers
China’s Landbridge Group refinances VLCC pair with domestic leasing company
Move comes just days after shipowner exercised purchase option on VLCC leased from John Fredriksen’s SFL Corp
Charterers will have to use older tankers eventually, but not until rates hit $150,000, says Frontline’s Barstad
Lack of new orders will mean a change in vetting rules for oil majors, Frontline’s boss believes
Pacific Carriers bullish on product tankers as it turns 50
Chief executive Hor Weng Yew explains how the dry bulk outfit made a successful debut in the MR2 sector
MISC bullish on prospects for LNG carrier and tanker markets
But rising costs, scheduling and competition dog company’s offshore and heavy engineering business segments
Secretive tanker shipowner Gatik breaks silence to blame media controversies for ‘losses’
Indian company says press coverage forced changes of flag, insurance and class
Concordia may let tanker market cool before building fleet back up
Bulker and offshore wind investments also being investigated as sales leave Swedish owner with one ship
Greek shipowner mulls spectacular asset play as product tanker triples in value
Aerio Shipmanagement linked to sale of LR2 tanker bought on the eve of Russia’s invasion of Ukraine
Ocean Yield reveals tanker sales to Hafnia and Navig8 as profit rises
Norwegian leaseback specialist looking for new deals as purchase options declared
Frontline earnings hit 15-year high as it reveals strong forward rates
John Fredriksen company says Asian demand is attracting more shipments from around the world