Euronav ‘reserves all rights’ after ‘unilateral’ decision by Frontline to dump tie-up
Belgian owner examining letter terminating the agreement to form the world’s biggest tanker company
Tankers
Easterly Asset Management emerges as buyer of Cido tanker quartet
Fund manager turned shipowner looks to have picked up more assets from South Korean shipowner
Frontline scuttles Euronav merger efforts, dashing hopes to create tanker behemoth
John Fredriksen-backed tanker owner began its merger push last summer in an effort to build the world’s largest tanker owner
Robert Bugbee: Investors ‘wrong’ to correlate VLCC weakness with product tanker outlook
Rates strength has continued, Scorpio president stresses, with some proof coming later this week
VLCCs need help from Opec+ as ‘golden age’ looms for tankers, broker says
BRS Group says the struggling ships will need the bloc to boost production later in the year to pull up rates
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
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