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Tanker

Wilbur Ross accused of insider trading in Russia case

US Commerce Secretary Wilbur Ross denies allegations that he engaged in insider trading when he short sold stock in Navigator Holdings a few days before a story emerged that the shipping company was linked to associates of Vladimir Putin.

Tanker shipowners turn to leasing in tough market

The product tanker market has seen a surge in the number of leasing arrangements, in which shipping companies sell ships and then lease them back. The deals provide good access to capital at a tough time, though they also bring pitfalls.

Dorian LPG reports large deficit

Dorian LPG, which competitor BW LPG is looking to acquire, reports a significant deficit for the year 2017/2018. The shipping company does not mention the takeover bid in its financial report.

Team Tankers CEO invites large-scale tanker mergers

Team Tankers wants to play an active part in the consolidation of the tanker market, whether that means buying assets or getting absorbed by a larger player. "It has to be a two-way street," CEO Hans Feringa tells ShippingWatch.

Fredriksen sells DHT stake and buys container ships

Frontline was unable to acquire DHT Holdings last year, and the tanker shipping company has now sold all its shares in DHT at a profit. John Fredriksen has also bought new container ships through his investment unit.

Frontline books deficit in weak first quarter

John Fredriksen's crude oil tanker carrier has booked a new deficit. "Inventory draws impacted a freight market that was already suffering from high fleet growth," says the carrier's CEO.

BW LPG goes on the offensive with bid for Dorian

BW LPG seeks to distance itself further from the competition with an acquisition of US-based Dorian LPG. The transaction, which totals USD 1.1 billion, would make BW the leading stock in the market, CEO Martin Ackermann tell ShippingWatch.

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