Kirby distribution and services exit held up thanks to ‘macroeconomic headwinds’
Houston barge operator began exploring spinning off or selling its distribution and services business last year
Tankers
Ardmore appoints new director with finance experience in Asian markets
Fok will replace former board member Brian Dunne, who stepped down in November
Chinese VLCC heads for Asia after STS transfers of Russian crude
The Lauren II is one of four large tankers with links to the port city of Dalian that had travelled towards Ceuta
DHT clinches cheaper $305m finance deal secured by 10 VLCCs
Owner says multi-lender facility will reduce borrowing costs
‘Stellar’ year ahead for shipping stocks after 29% gain in 2022, Clarksons says
Tight supply picture should support share prices as savvy owners keep buying relatively cheap secondhand vessels
Pertamina invites demo offers on 40-year old MR1 product tanker
Interest in old tanker is likely to be high as lack of ships drive up prices from hungry recyclers in India
Braemar: VLCC gains could be limited from China re-opening
Shipbroker says pandemic risks, global economic woes and refinery uncertainty could temper owner optimism
Braemar: VLCC gains could be limited from China reopening
Broker says pandemic risks, global economic woes and refinery uncertainty could temper owner optimism
Tanker owner Altera eyes growth after clinching $2bn bankruptcy restructuring
Aberdeen-based group emerges from Chapter 11 after converting $1bn debt to equity
Rise of the new tanker operators revealed in Russian oil trades
Indian, UAE and Chinese-controlled tankers have taken a bigger share of Russian crude exports