Scorpio Tankers splashes $69m on its own shares as buyback drive continues
US-listed tanker owner returns more cash to shareholders in the open market
Tankers
Opec+ production cut takes the wind out of tanker share rally
VLCC owners face a double-whammy of fewer cargoes and higher bunkers, according to brokers
Consort Bunkers orders methanol bunker tankers at CMHI Jinling
Bunker tanker operator gets ready for shipping’s big bet on methanol as a marine fuel
Nissen Kaiun emerges as shipowner inking product tanker newbuildings at Hyundai Mipo
The Japanese owner now has 20 MR tanker newbuildings booked as it steps up fleet renewal
Imperial Petroleum cuts debt by a third after repaying DNB loan
US-listed bulker and tanker owner says it is now net-debt free
Opec+ production cuts to hit tanker trades
Analysts predict less oil on the water as a result of Saudi-led cut
Euronav plots $242m catch-up dividend after bumper profit
Belgian tanker owner releasing cash withheld while work was being carried out on Frontline merger
SFL Corp exits product tankers — and ups suezmax price
John Fredriksen-controlled tonnage provider says it will take an impairment of $7m on the deal to offload clean ships
Niels Stolt-Nielsen would rather pay top dollar for newbuildings than secondhand tankers
Norwegian group’s CEO says the cost of existing vessels is now too high for more acquisitions
VLCCs set to benefit from latest Saudi refinery investments in China, says Poten
Deal cements Middle East producer’s position as one of the key suppliers of crude oil to China for decades to come