Category: TradeWinds News

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Epic Gas chief engineer dies aboard LPG carrier

Singapore-based shipowner says it is awaiting autopsy report to understand the cause of death

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Rokke joins Aker Capital and Ocean Yield with joint venture

Aker Capital will take a stake in seven Ocean Yield tankers in a joint venture

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Shipping stocks wiped out in Wall Street’s worst day since March

Drop of nearly 7% in Dow wrecks everything in its path as investors spooked by Fed comments, virus spikes in US

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‘Influx’ of tankers from floating storage pressure spot rates

Vortexa data shows the VLCC, suezmax and aframax capacities used to store oil have been decreasing since end-May

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Will Scorpio Bulkers ever trade at NAV after latest surprise equity deal?

Two analysts debate the point while a third downgrades owner’s shares

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Robbers target Torm and Scorpio ships as Asia piracy levels double

ReCAAP says it remains concerned about continued occurrence of incidents in the Singapore Strait

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Offshore shipowners seek to refinance $8bn in debt

Restructuring now commonplace as companies try to secure future following latest demand destruction

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US sanctions on Venezuela prompt tanker sales and diversions, but fail to lift rates

Charterers avoid Venezuela-linked tonnage but shipowners are not able to hike freight rates due to oversupply

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Investment giant Fidelity takes 10% stake in tanker owner DHT Holdings

Boston-based fund now owns $92m worth of VLCC owner

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Stena Bulk reveals greenest MR tanker design yet

Swedish company claims prototype will deliver 25% reduction in emissions, and potentially up to 45%

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