DryShips reenters the tanker market
FEBRUARY 21, 2017 — Athens headquartered DryShips Inc. (NASDAQ: DRYS) announced today that it has entered into agreements with unaffiliated third parties to acquire two tankers for a total price of around
tanker
DHT board rejects unsolicited Frontline offer
FEBRUARY 6, 2017 — Tanker owner DHT Holdings, Inc. (NYSE: DHT) reports that its Board of Directors has unanimously rejected Frontline Ltd.’s (NYSE/OSE: FRO) unsolicited proposal to acquire all of the outstanding
Bankrupt shipowner violated Iran sanctions
FEBRUARY 6, 2017 — While new Iranian sanctions may well be in the works, Nobo Su’s TMT Group has just been issued a Finding of Violation in relation to the sanctions that
DHT Holdings adopts “poison pill” plan
JANUARY 30, 2017—In response to an unsolicited takeover bid by John Fredriksen’s Frontline Ltd (FRO), DHT Holdings, Inc. (NYSE: DHT) has adopted a “poison pill” plan that would allow the company to
DHT finishes fixes to newbuild VLCC rudders
JANUARY 9, 2017 — Tanker operator DHT Holdings, Inc. (NYSE:DHT) reports that during a routine inspection of the first of a series of six 299,000 dwt newbuildings, the DHT Jaguar delivered in
Emergency rudder repair gets tanker back in action
JANUARY 9, 2017 — Recently, a 7,071 dwt tanker was maneuvering in the port of Antwerp when it experienced a steering gear problem. The vessel managed to safely berth alongside and carry
OSG completes spin-off of International Seaways
DECEMBER 2, 2016 —Tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) says that it has completed the previously announced separation of OSG into two independent, publicly traded companies: Overseas Shipholding Group and
Malaysian court sentences pirates to jail, cane
NOVEMBER 29, 2016 — A Malaysian court has handed down tough sentences to eight Indonesians convicted in the hijacking of an oil tanker in June 2015. Six were sentenced to 15 years
BWM regulations to increase tanker scrapping
NOVEMBER 16, 2016—The implementation of the IMO Ballast Water Management Convention in combination with weakness in freight rates will increase tanker shipping demolitions, according to Tanker Forecaster, a quarterly analysis published by
Lois Zabrocky to head OSG spin off International Seaways
NOVEMBER 9, 2016 — The spin off of Overseas Shipholding Group, Inc.’s International flag business is expected to be effective as of 5:00 p.m. on Nov. 30, 2016. It will separate the