Maersk Tankers has been sold to the Maersk family's holding company at a time when investors are staying far away from product tanker. But the carrier could be sold on when the market recovers, analysts say.
Eight vessels from North Korea, currently subject to sanctions, have this year loaded oil cargoes in Russia, with China and South Korea listed as their destination. But the course was changed at a later point, reports Reuters.
Following the announced merger with Navig8, Scorpio Tankers delayed its interim report, published instead today, Monday, and which shows a deficit for the first six months. The numbers further underline the strain on the product tanker sector.
The chemical and product tanker market will see improvement this year as well as next, and revenue from vegetable oil will rise again. This is the assessment from the CEO of chemical tanker carrier Team Tankers. He also anticipates growth for 10-mile vessels.
Nordic bank Nordea is currently reviewing guidelines for shipping customers regarding hazardous vessel scrapping. Danske Bank is also evaluating the issue of carriers' scrapping in Asia, the banks tell ShippingWatch.
John Fredriksen, who actually holds a Cypriot passport, has been listed as Norway's richest person by business magazine Kapital for the 15th consecutive year. Another shipping profile is ranked a bit further down the list.