Archival photograph. | Photo: Pr / Maersk Tankers

Spain fines ship that caused concerns for Maersk Tankers

The ship transferred sanction-suspected oil to a Maersk Tankers vessel in early February. The owners of the ship have already paid the fine.

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Avance Gas eyes strong year with fewer newbuilds than expected

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BW LPG finance chief steps down

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Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix

Report: At least 10 percent of popular fuel in Rotterdam is questionable

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Höegh LNG still reaps profits from longer voyages for gas tankers

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Archival photo of Qingdao port from May 2022. | Foto: China Daily/Reuters/Ritzau Scanpix

23 defects, eight different names: What a dark fleet tanker looks like

Idan Ofer-owned carrier wants bigger players within gas tanker
The chairman of Cool Company calls for consolidation in the gas tanker segment in order to attract capital and investors.
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Only an unexpected black-swan event can ruin Mikael Skov's optimism for the year
Hafnia’s CEO sees no reason why the tanker market should turn. The carrier has earned more than USD 1bn over the past 12 months.
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More than 15,000 vessels could be scrapped within 2032
During the next decade maritime organization Bimco projects the number of scrapped ships to double the past decade.
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Hafnia moves past USD 1bn in profits over the last 12 months
The tanker operator lands its best result to date in the first quarter, and CEO Mikael Skov says the strong market will continue for the rest of the year.
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Maersk Product Tankers rakes in cash from selling expensive ships
The tanker company owned by A.P. Moller Holding and Misui has, like competitors, taken advantage of high tanker ship prices, selling some at great profit.
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Flex LNG hopes for better fortunes in H2 of 2023
Rates on LNG transportation fell in Q1, but the carrier appears strengthened when compared to the same period in 2022 and sees prospects of increased LNG trade.
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Maersk Tankers postpone ambitious target of deploying 300 vessels
Elevated prices on tanker ships caused leaks in Maersk Tanker tanker pools. New chief executive charged with turning development on its head.
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Hugo De Stoop steps down as CEO of Euronav
The board thanks the departing CEO for his contribution to the Belgian tanker carrier. His exit follows a failed merger with competitor Frontline.
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Tina Revsbech appointed new CEO of Maersk Tankers
She will replace Christian M. Ingerslev as chief executive officer of the product tanker carrier.
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Oil holds two-day drop as US signals it aims to refill oil reserve
As the China and the US’ economies continue to show signs of deceleration, the international oil market continues to wane.
Teekay Tankers believes in continued upswing after record quarter
The crude oil carrier reports of the highest spot rates ever for medium-sized tankers in Q1. New trade patterns and a thin order book makes CEO predict more good years to come.
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Scorpio Tankers buys five ships to reduce debt
Tanker carrier Scorpio continues its buyback of ships that were sold to leasing companies years back.
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Meldgaard foresees long-term upswing but keeps an eye on US banking
It’s difficult to imagine prices decreasing by much as long as sanctions against Russia persist. But Torm’s CEO keeps a watchful eye on one risk in particular.
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Torm multiplies profits in "sustained strong" product tanker market
The oil carrier makes no changes to its guidance in a tanker market that benefits from widespread uncertainty about rates, says CEO Jacob Meldgaard. Acquiring more vessels is on the company horizon.
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Lloyd's Register drops carrier certification due to sanction breach
Carrier Gatik needs new certification for its vessels come June 3, as Lloyd’s Register removes the company after alleged breaches of sanctions.
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Hunter enters segment for transport of liquid CO2
Carrier Hunter Group, which sold all of its tankers last year, is gearing up for a new business venture with its establishment of Hunter Carbon Carriers.
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Dorian LPG's net result surges by USD 100m
Dorian LPG adds four vessels to its fleet, following a record year for the company. Fewer Covid-related restrictions in China spur hope of improved demand, the gas carrier writes.
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Europe is successfully replacing its lost Russian diesel supply
Despite Russia being the EU’s previous main supplier of diesel, before the latter’s oil sanctions on the former, the EU has managed to secure an oil delivery boon from the Middle East and US.
Monjasa are already feeling the effects of slow steaming ships
Bunker sales are falling simultaneously with slow steaming container ships, but Monjasa’s CFO maintains a positive outlook for 2023.
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Startup tanker carrier multiplies profit
Idan Ofer’s LNG carrier, Cool Company, is negotiating contracts for new ships after massive headway was made in early 2023. CEO points to market as ”strong and stable.”
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