Kim Heng Offshore & Marine Buys Oil Product Tanker

Kim Heng Offshore & Marine Holdings Limited has completed the purchase of Angel Sun, an oil product tanker.  Previously owned by Singapore shipping company Vermont Um Shipping, the 5,000 dwt vessel has been bought for USD 2.1 million. The 2006-built tanker was put up at auction by the Supreme Court of Singapore after it had been
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The Golden Week holiday prompted an uptick in enquiry with rates firming four points to WS 59/59.5 for 270,000mt from the Middle East Gulf to both China and Singapore and 280,000mt to the US Gulf now assessed around WS 23 Cape/Cape. West Africa to China moved in line with the Middle East Gulf, with last
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Greek product tanker company Pyxis Tankers said it had completed the refinancing of a previous loan facility for one of its vessels, Pyxis Epsilon. After repayment of existing bank debt, the new five-year secured loan provided the company approximately USD 7.3 million of additional net proceeds for general corporate purposes. “We welcome a new lender
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Rates for 270,000mt, from the Middle East Gulf to both China and Singapore, were marginally firmer at WS 56.5/57.5, and a US Gulf-bound cargo to the US Gulf done at WS 20 Cape/Cape, but now assessed at WS 21.5. West Africa to China gained two points to WS 57, basis 260,00mt, US Gulf to South
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product tanker anchored in Conakry Anchorage, Guinea, was boarded by four armed robbers on September 17, 2018, IMB’s Piracy Reporting Centre said. The vessel in question has been identified as oil/chemical tanker STI Hammersmith, which is listed as part of  Monaco-based Scorpio Tankers’ fleet, based on the vessel’s AIS data. The Handymax ship was built in
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A 78-year-old man was evacuated from the Liberian flagged crude oil tanker Evrotas in the evening hours of September 12. According to details provided by the US Coast Guard, the man was suffering from chest pains while the tanker was sailing near Ambrose Channel, New Jersey. Watchstanders at the Coast Guard Sector New York command center received
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Concordia Maritime has signed a contract to charter out the P-MAX tanker Stena Provence. The contract is for one year and runs from September 2018. One again, the contractual partner is one of the world’s largest oil and gas companies. The vessel has been used by the same customer since 2014 for consecutive niche transportation
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Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Monday it has received an oil tanker order from a Singaporean company. The South Korean shipbuilder said in a statement that it won the order to build a 152,700-deadweight-ton Suezmax shuttle tanker for AET Tankers Pte Ltd. Citing a confidentiality agreement with the shipper,
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  The trade war is a new reality with which the shipping industry will just have to live with as it seems. However it can also create opportunities, or not, depending on the shipping segment. In its latest weekly report, the London-based shipbroker Gibson attempts to gauge the effects of the recent NAFTA “good deal”
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Chinese charterers dominated in the Middle East Gulf, with rates easing slightly to WS 56/57 and South Korea discharge at WS 55 all basis 270,000mt cargo. West Africa to China rates slipped two points, with CSSSA taking the ‘DHT Peony’ at WS 55.5. In the USG, Unipec fixed the ‘New Courage’ at $3.85 million to
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