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Tankers & Gas
BW Group sells BW LPG stake for $45m
Parent company sells a 5% stake in BW LPG but still controls about 42%
Iran-China crude flows rise as ships circumvent US sanctions
Iranian vessels continue to turn off automatic identification system, channel oil trades multiple ship-to-ship transfers and register vessels in opaque offshore companies and flags
Crude Tankers
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Latest From VLCC & Suez and Aframax
Alafouzos family tightens grip on Okeanis Eco Tankers
The family has boosted its majority stake in the Oslo-listed firm just as QVT Financial becomes its second-largest shareholder
Dirty market rates lure LR2 owners
Asian dirty aframax rates have also surged recently, tempting LR owners to switch to dirty cargoes
VLCC spot charter breaks $300,000 level on market disruption
Euronav and Frontline are among those raking in huge charter contracts as sanctions and security issues hit market
Product Tankers
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Latest From Products
Dirty market rates lure LR2 owners
Asian dirty aframax rates have also surged recently, tempting LR owners to switch to dirty cargoes
Scorpio Tankers buys 19 product tankers from Trafigura
Trafigura buys $135m stake in Scorpio Tankers and offloads $668m loan on the vessels
Boutique finance firm FDX Offshore buys out Womar
Chief executive officer Hans van der Zijde alluded to the fact that the move was partially driven by the sale of its partner BW Group’s chemical tanker fleet earlier this year
LPG
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Latest From LPG
BW Group sells BW LPG stake for $45m
Parent company sells a 5% stake in BW LPG but still controls about 42%
The Lloyd’s List Podcast: Everything you always wanted to know about LPG (but were afraid to ask)
This week we’re taking a deep dive into the too often overlooked LPG sector with Epic Gas chief executive Charles Maltby. While the headlines have favoured their certainly cooler, arguably sexier cousins in LNG, we think it’s time everyone started paying attention to the cheaper, more agile and profitable pressurised market
Saudi drone attack seen boosting tanker earnings
With no expected increase in Saudi exports in the fourth quarter, Asian refiners are seen increasing crude imports mainly from the Atlantic Basin
LNG
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Latest From LNG
Total expands Adani venture to supply LNG in India
Total and Adani will also establish a joint venture to market LNG in India and Bangladesh
Petronas completes third LNG break-bulk STS
Demand for smaller LNG parcels has been driven by discharge port constraints in China and changing requirements from other Asian buyers
South Korean group eyes bid to operate Qatar LNG carriers
Qatar Petroleum is expected to put up shipping contracts for at least 40 LNG carriers by the end of the year for its North Field Expansion project
Equity Watch
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Latest From DHT, Euronav, Frontline, Gener8, Nordic American Tankers, Scorpio Tankers, Dorian Lpg, Gaslog & Golar Lng
Scorpio Tankers buys 19 product tankers from Trafigura
Trafigura buys $135m stake in Scorpio Tankers and offloads $668m loan on the vessels
Shipping launches ‘moon-shot’ initiative to develop zero emission vessels by 2030
Coalition of influential industry heavyweights including Citi, Cargill, Lloyd’s Register, Maersk, Shell, Trafigura and Euronav move to focus industry decarbonisation efforts and overcome regulatory and infrastructure hurdles
Frontline opts not to buy four more suezmaxes from Trafigura
The tanker owner decides to stay with 10 suezmaxes as it looks for more tonnage in the very large crude carrier segment
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