Concordia Maritime charters more vessels again

Concordia Maritime is positioning itself even more toward an expected recovery in the market, and the carrier charters two more vessels for its fleet while extending contracts on another two.

Skuld insures both vessels in tanker collision

Norwegian insurance company Skuld provides hull insurance for the tanker Sanchi, which is still burning after three days, but Skuld only holds 15 percent of the hull value, says CEO Ståle Hansen to Norwegian news agency NTB.

Schulte Group buys LNG player

German shipping company Schulte Group has acquired Pronav, a ship management company in the LNG segment where the group hopes to strengthen its presence.

Tanker still ablaze on third day

Fire extinguishing and rescue vessels have yet to get the burning tanker Sanchi under control this Tuesday, while poor weather conditions are causing problems for the search for survivors.

North Korea keeps sneaking in oil with secret ship transfers

When ships transfer cargo to each other in the ocean, it makes it hard to enforce international sanctions against selling oil to North Korea. "It's very easy to black out a ship and hide it," said Rahul Kapoor, an analyst with Bloomberg Intelligence in Singapore.

Essberger to move Crystal Nordic from Copenhagen to Hamburg

Following the acquisition of Crystal Nordic from Nordic Tankers and Embarcadero, Germany's Essberger will in time shut down the headquarters in Copenhagen and combine the activities in Hamburg, Essberger tells ShippingWatch. A Norwegian trio played a key part in the deal.

CEO defends Nordic Tankers' divestment in weak market

Just as the chemical tanker market was strained in 2017, it is difficult to say whether this development will turn around this year, Nordic Tankers CEO Per Sylvester Jensen tells ShippingWatch. But he maintains that the carrier got a good price for Crystal Nordic.

Trump warns China over ship-to-ship fuel sales to North Korea

US President Donald Trump tweeted his disappointment this Thursday that China allegedly allowed oil to be transferred to North Korean ships. He later told the New York Times that he might take punitive trade actions if China does not "help us much more"

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