Tsakos expects tanker recovery for second half of 2020
Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
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Carnival takes out $1.3bn more in high-priced loans
Company is offloading assets as it tries to stay afloat
Deep distress: Fred Olsen swoops for two Carnival ships funded by seller’s finance
Norwegian owner in $37m deal to buy two Holland America Line ships that will lift its capacity by over 70%
Shipowners face growing Turkish recycling logjam
EU-approved shipbreaking yards are full up, and more congestion is expected as cruise lines recycle at Aliaga
No surprise from Opec+ as tanker players wait for more cues
Most tanker markets remain lacklustre amid thin trade, with MR product trade in Atlantic being the lone bright spot
Banks and Japanese behind surge in handysize S&P deals in June
Rate spike also helps drive demand for smaller dry bulk units in strong secondhand market
L Catterton CEO joins Norwegian Cruise Line Holdings board
US-based private equity firm invested $400m in the cruise major in May
China crude imports from US peak in July despite escalation of bilateral tension
US expected to have less crude availability for Asia with domestic refinery runs expected to hike
American Salvage Association appoints first female president
Industry veteran has more than 15 years of experience in maritime emergency response, business development and marketing