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Frontline chief executive Lars Barstad has again called for more help on tackling the dangerous shadow fleet of tankers carrying sanctioned oil for Russia, Iran and Venezuela. The VLCC and …
Tanker owners should not expect any help from Opec and its allies to lift the market. Speculation began circulating on Wednesday that the bloc could look to push its production …
Major tonnage provider Seaspan has revealed the sale of five newbuilding container ships to shareholder Ocean Network Express (ONE). The 13,000-teu vessels were ordered in August as part of a …
Shares in Golden Ocean Group fell by just over 5% in Oslo on Wednesday, shortly after the bulker owner reported its third-quarter results. The stock market reaction comes despite Golden …
Renowned shipping lawyer Nigel Thomas is retiring after a 35-year career at UK-headquartered firm Watson Farley & Williams (WFW). The company’s senior advisor and former chairman will stand down at …
Former Odfjell boss Dan Odfjell and Greek owner Peter Livanos agreed their big chemical tanker merger in the simplest way possible. The Greek family’s chemical tanker operation Seachem was folded …
Eastern Pacific Shipping is said to have secured a “good price” on the sale of two older vessels as it gets set to take delivery of about 120 newbuildings over …
Bangladesh’s Meghna Group of Industries is adding to its LPG carrier fleet with an order at its domestic shipyard. The country’s largest private shipowner will build the fully pressurised vessel …
Oldendorff Carriers is trying to cut through the “noise” surrounding decarbonisation to find pragmatic ways to slash emissions today, not tomorrow. That was the rationale behind installing Flettner r
Shares in John Fredriksen’s Frontline dropped as much as 13% after its third-quarter report. Shares are now down about 40% since a peak in May. Analysts said the results were …
Vietnam Ocean Shipping (Vosco) is lining up a fleet expansion drive that could cost more than $400m. The state-owned shipowner said it wants to grow its operations and capture new …
Courage Investment Group, an owner of three supramax bulkers, has asked the Hong Kong Stock Exchange to hold the trading of its shares, in view of a future announcement relating …
Prospects for LNG steam turbine vessels are “not great”, one shipbroker said this week, in a deliberately loaded understatement. Technically on freight economics terms, US dollar per day spot charter
Bulker owner Golden Ocean Group has reported another profitable quarter in which it raised almost $57m from selling two vessels. The shipowner, in which John Fredriksen is majority shareholder, booke
Frontline’s controlling shareholder John Fredriksen has now been repaid all of the money he loaned the company to finance its $2.35bn purchase of 24 VLCCs from Euronav. In its third …
Norwegian shipping veteran Dan Odfjell has been casting his eye back over the deals that shaped chemical tanker owner Odfjell, formed 110 years ago this month. The former chief executive, …
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The European Union (EU) is considering another sanctions package that could add 48 more Russia-trading tankers to the list. The bloc’s envoys are meeting on Wednesday to discuss a 15th …
John Fredriksen-owned tanker giant Frontline has refinanced 10 suezmaxes in a sale and leaseback transaction in China. The Oslo and US-listed company said the deal was agreed in October for …
John Fredriksen’s Avance Gas is to be wound up after it agreed the sale of its last ships to Belgium’s Exmar. The Oslo-listed company said it has struck a deal …
