US tanker owner jailed for breaching Iran sanctions
Behrouz Mokhtari bought two ships, then used opaque company structures to hide their ownership
Tankers
Evangelos Marinakis splashes $6.5bn to build Capital’s ‘energy transition fleet’
Greek shipowner says it has been undergoing ‘a silent green revolution’ over past five years
Capital’s ‘green revolution’ as Marinakis spends $6.5bn on energy transition fleet
Greek shipowner says it has been undergoing ‘a silent green revolution’ over past five years
Zodiac Maritime bumps up orderbook with four chemical tanker newbuildings worth more than $150m
Order of the stainless steel chemical tankers is part of Eyal Ofer company’s fleet expansion programme
Zodiac Maritime bumps up orderbook with four chemical tanker newbuildings
Order is part of Eyal Ofer company’s fleet expansion programme
First half product tanker newbuilding orders at 10-year high
But uncertainty on fuelling and economic issues dampening newbuilding appetite, Clarkson Research says
Product tanker order surge eclipses total for 2022 in six months
Bimco says demand for versatile LR2 newbuildings has led the way as orderbook grows
US showers business on Schuyler and other US tanker owners
Washington employs Jones-Act product tanker for up to five years and formally reveals partners under its Tanker Security Programme
Chemical tanker prospects remain strong as owners return to shipyards
MSI says raft of new orders has continued in 2023 after impact of Russia’s invasion of Ukraine boosts sector earnings
Swiss trader Mercuria looks at doubling its money on sale of rare LR3 product tanker
Even a slowly dying ship breed can yield amazing profit margins in today’s tanker market