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Maersk Tankers is set to add 11 tankers to the fleet under its management, following a new agreement.
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Scorpio Tankers has agreed sale and leaseback deals for five of its product tankers with AVIC International Leasing.
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Hafnia Tankers has completed two sale and leaseback transactions with a Sole Shipping fund.
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Thun Tankers added its first L-Class and second E-Class tankers; both will enter into the Gothia Tanker Alliance network.
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Monaco-based tanker owner Scorpio Tankers revealed plans to the public 30 million shares of its common stock, par value USD 0.01 per share through an underwritten public offering. The company said that it would use the net proceeds of the offering to strengthen its balance sheet and for general corporate purposes. As part of the offering, […]
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Due to the strongest tanker market recorded since 2008, Nasdaq-listed tanker shipping company Teekay Tankers, a part of the Teekay Corporation, has reported an increase in its net income from USD 40.9 million in the third quarter of 2015 to USD 53.5 million in the fourth quarter. The company added that its net income for the full […]
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Pantheon Tankers has exercised the option for two more 50,000 dwt tankers at STX Offshore and Shipbuilding.
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Greek product tanker company Pyxis Tankers has completed the sale of one of its MR2 chemical/product tankers.
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Avic Dingheng Shipbuilding started building the 17,500 dwt tankers ordered by Thun Tankers.
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Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of $91.4 million for 2019 as freight markets improved across all tanker segments. The profit marks a significant recovery when compared to a loss of $35 million a year earlier. The tanker shipping company reported an increase in revenue to […]
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In the fourth quarter of 2015 Nordic American Tankers (NAT) profited from a strong tanker market which pushed the company’s operating cash flow by 16 percent. Due to a cash breakeven rate below USD 12,000 per day per ship and a growing NAT Suezmax fleet, the fourth quarter operating cash flow was at USD 57.2 million, compared to USD 24.5 million a year […]
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Thun Tankers has reached an agreement to strengthen its fleet with the 2011-built tanker Wisby Teak.
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Maersk Product Tankers inks formal agreement to buy seven secondhand Handy vessels from AET.
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Nordic American Tankers has sold two of its 1999-built tankers, the Nordic Aurora and the Nordic Sprite.
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Danish tanker owner and operator Hafnia Tankers Ltd. (Hafnia) posted an operating profit of USD 34.7 million and profit of USD 26.7 million for the six months ended June 30, 2015 amid the best spot earnings in the product tanker market since 2009. Operating profit for the three months ended June 30, 2015 was USD 18.2 million and […]
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CEO of Nordic American Tankers expects 2018 to be a better year for the company than 2017.
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Monaco-based tanker shipping company Scorpio Tankers posted a net loss of USD 36.9 million for the third quarter of this year, further widened when compared to the net loss of USD 27.1 million for the three months ended September 30, 2016. For the nine months ended September 30, 2017, the net loss surged to USD […]
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Medium ranged product tankers (MRs) are definitely the workhorses of the product tanker shipping industry, being the most widely used vessels that can call at any port in the world including smaller and shallower ports, it was concluded during a webinar organized by Capital Link Shipping on June 1. MRs, capable of carrying multiple cargoes ranging […]
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Teekay Tankers has disposed of two 1999-built Aframax tankers since August 2017 collecting aggregate proceeds of approximately USD 12.7 million. One Aframax tanker was delivered in September 2017 and the other is scheduled to be delivered in the second half of November 2017 to an undisclosed owner, the company said announcing its results for the third quarter. The […]
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Okeanis Eco Tankers announces an option to acquire two Suezmax newbuilds.
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Tankers have recently experienced a strong recovery in the spot market, which tripled from just a few months back.
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Monaco-based tanker owner Scorpio Tankers has seen its net income for the first quarter of 2016 drop to USD 28 million, in line with forecasts, compared to a net income of USD 40.7 million reported in the corresponding period in 2015. The company added that its vessel revenue for the period reached USD 165.1 million, while it was at USD 160.7 million in […]
