Private Scorpio bets on product market rally through Ardmore, Hafnia
President Robert Bugbee talks about reasons behind taking stakes in Irish, Danish peers
Tankers
Private Scorpio Group forges joint venture with Mercuria on aframax pool
The partnership combines Scorpio pooling experience with Swiss company’s expertise in oil trading
Bahri bounces back from 2022 doldrums
Net profits for the Saudi shipping giant increased year on year by 286% in the second quarter
Saudi shipping giant Bahri bounces back from 2022 doldrums
Net profits for group – which operates bulkers alongside its main tanker fleet – increased year on year by 286% in the second quarter
European shipping seeks escape from Russian trades as barrels breach price cap
Exports from Russia’s western ports set to decline in August as production falls and prices rise
New Times Shipbuilding tipped to win Magni Partners dual-fuel VLCC newbuildings
Tor Olav Troim’s outfit is ordering two firm vessels plus options for four additional ships
Schoeller boosts product tanker fleet with Chengxi newbuildings
The company is believed to be paying about $42m each for the 50,000-dwt carriers
Arctic set for summer surge of Russian crude tankers, say analysts
Two aframaxes are following a nuclear-powered ice-breaker through the Arctic Ocean, heading to China
Sinokor Merchant Marine named as buyer of Omani VLCC trio
A slightly firmer price is being quoted for the scrubber-fitted ‘mid-tier’ vessels but it is down on levels seen earlier this year
Ex-director of UAE trader fights UK jail sentence over ship arrest
Businessman says he cannot pay ship arrest debt because his brothers won’t cooperate