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Finance
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2020 Bulkers to make first dividend payment
The company also agreed a sale-and-leaseback deal with Oslo-listed leasing company Ocean Yield for two newcastlemax newbuildings
Tanker earnings collapse on lower West Africa ship charters
Earnings for very large crude carriers on routes to Asia from the Middle East Gulf plunged the most
BW Group sells BW LPG stake for $45m
Parent company sells a 5% stake in BW LPG but still controls about 42%
Barakah Offshore revival scuttled by Petronas licence suspension
The agreement with white knight Lecca Group to pump in $9.7m and buy pipelaying barge Kota Laksamana 101 for $21m was terminated as a result of the move
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
Tanker rates hit fresh 15-year high
Rates surged after US sanctions imposed on September 25 on two tanker subsidiaries owned by China’s state-owned Cosco for shipping Iranian crude spooked refiners and traders, who shunned all tonnage connected with the world’s largest shipping company
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