Product tanker operator Scorpio Tankers has now settled previously announced leasing arrangements for eight ships. The shipping company has also secured financing for several scrubbers.
The CEO of Hygo Energy Transition, part of Tor Olav Trøim's Golar LNG, finds itself tangled in a new corruption case in Brazil. Hygo is headed for an IPO in New York, but these plans are now on hold, report media.
Nordic American Tankers orders two new suezmax vessels from Samsung Heavy Industries in South Korea. The ships are expected delivered in 2022.
A corrugated cable was the direct cause behind three seafarers being seriously injured during a drill on a Torm vessel in April. The shipping company tells ShippingWatch that it has learned from the accident.
Experienced shipping and offshore analyst Kristin H. Holth joins the board of directors of Maersk Tankers, which also brings in another new member from the energy sector.
Torm majority owner Oaktree Capital has bought up shares in competitor Ardmore Shipping, which Hafnia previously attempted to take over. The equity fund is now the tenth-largest shareholder in the Irish tanker operator.
Over-production and muted demand for oil now result in older tanker vessels seeing the lifespan extended as floating oil storages, according to a new analysis from broker SSY.
Former Frontline CEO and Maersk executive Jens Martin Jensen takes over as CEO of tanker owner Athenian Holdings.
Drewry has put together a ranking for ShippingWatch that shows which operator among Hafnia, Torm, Ardmore, Scorpio Tankers and d'Amico International Shipping delivered the best performance in the first six months of the year. There is a big difference between top and bottom.
Russian tanker shipping company Sovcomflot plans to list its stock on the Moscow Stock Exchange by early October, sources tell Reuters.
Hamburg Commercial Bank is now starting to feel how several competitors have decided to halt their loans to shipping entirely. "This is an opportunity for us," the bank's head of shipping tells ShippingWatch.
Hunter Group has bought a VLCC supertanker back from Norwegian shipowner SLF Corporation. The ship is one of several buybacks made by the company this year.
Opposing assessments make several politicians bring Malta into play as a possible destination for the 27 migrants stranded on board Maersk Etienne. The Danish government says the migrants should go to Tunisia.
Crude oil tankers are again being used as floating storages, reports Reuters. According to sources, Trafigura, among others, has chartered five VLCC supertankers to store oil on.
Ships are now shutting off their radio in strategic locations to avoid being called in to help migrants in the Mediterranean, says Danish Shipping, which calls for a reform of international conventions pertaining to rescues at sea. NGO applauds Maersk Etienne for its efforts.
Singapore-based shipowner settles out of court with Torm in a case concerning the return of two tankers.
A deficit turned to a profit in the first half-year at chemical tanker shipping company Navig8 Chemical Tankers.
Chief executives at three rivaling tanker shipping companies issue statements of support in favor of Maersk Tankers, which has had one of its tankers at a standstill for five weeks with migrants stranded aboard.
Alphatanker says that tankers with a scrubber on board are the biggest losers in the wake of the new sulfur regulations. The analyst firm assesses that the payback period for a scrubber is now up to five years for a supertanker.
A joint venture between shipping company Sovcomflot and Russian natural gas producer Novatek has ordered 10 LNG vessels for a project in the Arctic.
The European Commission does not have the legal jurisdiction to enter the conflict about which country should accept the 27 migrants that are stuck aboard a Maersk Tankers ship. Denmark may have to accept the migrants, Danish political parties say, although minister rejects the notion.
The fire on board a VLCC supertanker off the coast of Sri Lanka has now been put out. One crew member was killed in the fire, which broke out Thursday.
The situation aboard Maersk Etienne is not Malta's responsibility, the country's prime minister Robert Abela asserted Sunday. "It ships under a Danish flag and was not in our SAR area," he said, according to several local media.
Maersk Etienne has been anchored with 27 migrants on board for exactly a month, and the ship thus sets an unfortunate record. The case has reached a "political deadlock," says Danish Shipping. Minister rejects sending them to Denmark.
Stena Group's interim result for the first half of the year is heavily influenced by the corona pandemic. Particularly the passenger division, which had to close down several routes, saw a sudden drop. The deficit has increased ten-fold compared to 2019.
Crewing Officer, Middelfart - Uni-Tankers
Ambitious and Dynamic Business Controller to TORM
Junior Procurement Officer for Stena Rederi A/S 
