Odfjell SE signs Term Sheet with Chemical Transportation Group to acquire 5 stainless steel newbuildings

Odfjell SE (Odfjell) has signed a Term Sheet with Chemical Transportation Group, Inc (CTG) whereby Odfjell will...

DHT Holdings Locks Financing for VLCC Newbuilds

Crude oil tanker operator DHT Holdings has secured bank financing for the two 318,000 dwt VLCCs newbuildings ordered at South Korean shipbuilder Hyundai Heavy Industries (HHI).

Pan Ocean Set to Order Five Open Hatch Carriers

South Korean shipping company Pan Ocean has decided to order five open hatch wood chip carriers as the company secured a long-term shipping deal with Brazil-based pulp and paper firm Fibria.

Marmaras Navigation Buys Two Newbuilding Resales

Singapore-based shipping company GC Tankers has sold two very large crude carriers (VLCC), which are being built by China’s shipbuilder Jinhai Heavy Industry, to Greek shipowner Marmaras Navigation, VesselsValue’s data shows.

Odfjell “Most Likely” to Cancel Five LPG Vessels

As the construction of its newbuildings continues to be substantially delayed, Bergen-based shipping and tank terminal company Odfjell SE said that it “will most likely” cancel the remaining five liquefied petroleum gas (LPG) carriers it has on order in C

Navig8 Chemical Secures Funds for Stainless Steel Duo

Chemical shipping company Navig8 Chemical Tankers has secured financing for its remaining two 25,000 dwt stainless steel chemical tanker newbuildings.

Metrostar Sells Two VLCC Newbuildings

Greek shipping company Metrostar Management Corp has decided to sell two 308,000 dwt Very Large Crude Carriers (VLCC) on order at South Korea’s shipbuilder Hyundai Heavy Industries, according to data provided by VesselValue.