Alba Tankers has bought new ships and made USD 16 million in five years

Tanker operator Alba Tankers, which was created out of OW Bunker's dramatic collapse, has added millions of dollars to its bottom line, shows annual report. In recent years, the shipping company has bought new ships and increased its workforce by almost 100 people, executives tell ShippingWatch.

Analyst firm sees record-high LPG rates soften

The record-high rates in the LPG are set to slide, projects Clarksons Platou. The rates recently peaked at USD 110,000 per day, but now a series of factors will pull them down, says the firm.

Scorpio Tankers projects new recovery for product tanker

The world's largest product tanker operator, Scorpio Tankers, expects significant growth this year in the demand for refined oil products. Closures of older refineries will contribute to growth in the product tanker market. Analyst is skeptical.

John Fredriksen appoints new CEO of Avance Gas

Kristian Sørensen, CEO of shipbroker Fearnleys, switches to Avance Gas, which is controlled by Norwegian shipowner John Fredriksen. He becomes the gas tanker operator's third CEO in 10 months.

Mine found on tanker vessel near Iraq

A mine was found on a tanker ship off the coast of Iraq. According to a security firm, it is unknown whether the mine was active, but the incident is the latest in line of tanker vessels being hit by similar events in the Red Sea.

Here are five decisive things to keep an eye on in 2021

Everyone will be watching to see when the coronavirus vaccines start to really have an effect. But beyond this, there are several decisive issues to keep an eye on during the year, which could have a big impact on shipping, logistics and offshore. ShippingWatch provides an overview.

Arne Fredly sees many shipping companies as "pure fraud"

Norwegian shipping magnate Arne Fredly, who controls Hunter Group, among other businesses, calls it a "sad story" to be an equity investor in the shipping industry. He says that upwards of 80 percent of stock listed shipping companies are "pure fraud".

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