Income for ice class tankers has surged by 1,644 percent following sanctions

Purchase and sale of ice class tankers have more than doubled, and ship earnings have increased by an astounding 1,644 percent. Sanctions against Russia could be an explanation, according to VesselsValue.

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Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120

Fredriksen now owns nearly as many Euronav shares as the Saverys family

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Axel C. Eitzen and Eitzen Group acquire the majority stake of a Norwegian supplier of automation and energy systems for shipping. | Foto: PR

Eitzen Group buys Norwegian marine tech company

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Norwegian carrier lands another large gas deal with Germany

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Singapore jails former CFO 20 years for defrauding over dozen banks

Accident board blames faulty safety measures aboard Norden tanker for fatal incident

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Tanker carrier secures major credit facility with several Nordic banks
Danish Ship Finance and Nordea among banks securing credit facility for tanker operator DHT Holdings.
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Torm changes tactics committing to a USD 233m purchase spree
Two months ago, Torm chief exec Jacob Meldgaard claimed not to busy himself with ”planting new seeds” in spite of a booming tanker market with skyrocketing rates and record earnings. Now, however, Torm is buying up.
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Major US investor divests half of Hafnia stake
A US private equity firm has made a large divestment of its Hafnia shares, withdrawing from the tanker operator’s board as well.
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Ship trading increases on heated tanker market
The tanker market upswing has not only increased carrier earnings but also caused trading with tankers to surge by double-digit percentages. Maersk Broker recognizes the development.
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Analyst firm expects higher prices for tankers in upcoming years
Clarksons predicts increasing rates and values in the VLCC market until the end of 2024, with a low order book being a particular promoter of developments.
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Korean yard to build two gas tankers for almost USD 200m
Major South Korean shipbuilder KSOE adds two LPG vessels to its order book at a total value of close to USD 200m.
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Swedish shipping group contracts eight new vessels at European yard
Swedish Erik Thun Group adds eight new dry bulk and tanker vessels to its orderbook. Ships are to be built in the Netherlands and set for delivery from October next year.
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Euronav files for emergency arbitration to halt Frontline merger exit
Euronav has filed for an ”emergency arbitration” in relation to Frontline’s ”unilateral” actions in pursuing termination of a merger between the two crude oil tanker carriers. Frontline denies all claims.
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Saverys wants to send Euronav board packing following scuttled merger
The entire board of Euronav should be dismissed following the terminated Frontline merger, the Saverys family believes.
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Fredriksen continues upping Euronav stake following scuttled merger
John Fredriksen buys into Euronav in the week following the termination of merger plans between Frontline and the Belgian carrier.
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Scorpio Tankers sees higher rates so far in 2023
The tanker operator has secured markedly higher rates in the beginning of 2023 compared to levels from preceding quarter.
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Euronav threatens lawsuit following Frontline's scuttled merger
Belgian crude oil tanker Euronav threatens to sue Frontline following the John Fredriksen-owned carrier’s decision to ”unilaterally” abandon merger plans between the two shipping companies. Frontline denies all claims.
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Frontline could pursue Euronav ships following botched merger attempt
It might prove profitable for John Fredriksen-owned Frontline to acquire Euronav’s oil tankers, says Pareto chief analyst to Finansavisen in the wake of terminated merger schemes.
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Saverys wants changes to Euronav after failed merger
According to Euronav’s largest shareholder, the Belgian Saverys family, the failed fusion with Frontline calls for debate over the company’s future strategy as well as the composition of the board.
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Euronav takes severe stock market beating following scrapped Frontline merger
Investors offload Euronav shares following reneging of heavily disputed merger with rival Frontline. Explanations are clear, says analyst.
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Dorian LPG enters new partner agreement with Mærsk Center for Zero Carbon
Gas carrier Dorian LPG commits to future partnership with Copenhagen-based Mærsk Mc-Kinney Møller Center for Zero Carbon in joint decarbonization strides.
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Frontline and John Fredriksen give up tanker fusion with Euronav
Fierce resistance from Belgian shipping family Saverys has blocked John Fredriksen and tanker operator Frontline’s plans of merging with competitor Euronav.
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MOL to continue transporting gas from Russia
The Japanese shipping company will keep on carrying Russian natural gas, says CEO in New Year’s speech.
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Scorpio Tankers lands new credit facility
The tanker operator continues refinancing debt. Company CEO has furthermore purchased call options for USD 4.4m.
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Raised Chinese oil quotas bode well for product tanker
China raises quotas for refined oil products significantly compared to the start of 2022, following slow domestic demand, consultancies state to Reuters. That is all good news for tanker carriers.
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Income for ice class tankers has surged by 1,644 percent following sanctions

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Eitzen Group buys Norwegian marine tech company

Norwegian carrier lands another large gas deal with Germany

Singapore jails former CFO 20 years for defrauding over dozen banks

Accident board blames faulty safety measures aboard Norden tanker for fatal incident

Tanker carrier secures major credit facility with several Nordic banks

Torm changes tactics committing to a USD 233m purchase spree

Major US investor divests half of Hafnia stake

Ship trading increases on heated tanker market

Analyst firm expects higher prices for tankers in upcoming years

Korean yard to build two gas tankers for almost USD 200m

Swedish shipping group contracts eight new vessels at European yard

Euronav files for emergency arbitration to halt Frontline merger exit

Saverys wants to send Euronav board packing following scuttled merger

Fredriksen continues upping Euronav stake following scuttled merger

Scorpio Tankers sees higher rates so far in 2023

Euronav threatens lawsuit following Frontline's scuttled merger

Frontline could pursue Euronav ships following botched merger attempt

Saverys wants changes to Euronav after failed merger

Euronav takes severe stock market beating following scrapped Frontline merger

Dorian LPG enters new partner agreement with Mærsk Center for Zero Carbon

Frontline and John Fredriksen give up tanker fusion with Euronav

MOL to continue transporting gas from Russia

Scorpio Tankers lands new credit facility

Raised Chinese oil quotas bode well for product tanker

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