Funeral of former Fratelli Cosulich chairman being held on Monday
tankers
Newbuild prices approach 2008 record levels
In nominal dollar terms, newbuild prices are now just 8% shy of the all time record registered just a month ahead of the global financial crisis of 2008. Clarksons Research’s Newbuild Price Index, which tracks a basket of prices across the main vessel types, reached 176 points at the end of...
https://splash247.com/newbuild-prices-approach-2008-record-levels/
Prospect of no large tankers and gas carriers transiting the Panama Canal from next year
There’s a real prospect no large tankers could be transiting the Panama Canal from the start of next year, with VLGCs also likely to be pushed out from the interoceanic waterway, bringing dramatic changes to world seaborne gas and oil trading patterns, stretching the tonne/mile picture in the...
Kollakis clan drawn to newbuildings but keeping fuel options open
Greece’s Chartworld group of companies plans to renew its fleet on all fronts
No rush on fleet renewal as Teekay Tankers’ Kevin Mackay does rate arithmetic
US-listed owner’s chief executive says focus is on keeping existing ships earning in strong markets
Yangzijiang adds $400m worth of tankers to orderbook in third quarter
Singapore-listed shipbuilder’s orderbook now includes 24 MR tankers as well as LR1s and LR2s
Dynacom orders panamax product tanker newbuildings at Yangzijiang Shipbuilding
Greek shipowner believed to be paying around $106m for a pair of 75,000-dwt tanker newbuildings
Navios Partners in for more tanker newbuilds
Greece’s Navios Maritime Partners is strengthening its tanker fleet with a deal for four aframax/LR2 newbuilds. The Angeliki Frangou-led diversified shipowner revealed in its quarterly earnings that it would add the quartet in 2026. The ships should deliver during the first half of 2026 and the...
https://splash247.com/navios-partners-in-for-more-tanker-newbuilds/
Okeanis Eco Tankers applies for US dual-listing
Greek owner Okeanis Eco Tankers (OET) has set its sights on a dual listing that would see it float in New York along with Oslo. The Alafouzos family vehicle, listed in Oslo in 2018, boasts a fleet of six suezmaxes and eight VLCCs. The NYSE listing is expected Okeanis Eco Tankers to change its...
https://splash247.com/okeanis-eco-tankers-applies-for-us-dual-listing/
Euronav lifts VLCC purchase option
Euronav has taken back full ownership of one of its VLCCs it had under a sale and leaseback deal in China. The Antwerp-based dual-listed tanker giant had exercised an option to repurchase the 2008-built Nectar. The 307,000 dwt ship was sold and chartered back with two other VLCCs in December 2019...