International Seaways reports record first quarter

New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net income of

Euronav swoops on fourth DSME VLCC newbuild resale

Euronav NV (NYSE: EURN & Euronext: EURN) has entered into an agreement to acquire a fourth resale VLCC newbuilding contract. Last month the tanker giant reached an agreement to acquire three VLCCs,

Lois Zabrocky, President and Chief Executive Officer, International Seaways, Inc.

CMA names its 2020 Commodore

Lois Zabrocky, Chief Executive Officer of New York, N.Y. headquartered tanker operator International Seaways, Inc. (NYSE:INSW), has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2020. Zabrocky follows

Scorpio Tankers loses less, gets scrubber financing

Scorpio Tankers Inc. (NYSE: STNG) has reported its results for the three and six months ended June 30, 2019. For the three months ended June 30, 2019, the company’s net loss was

TEN says two 36 month charters will generate $33 million revenues

JANUARY 8, 2019 — Athens, Greece, headquartered Tsakos Energy Navigation, Ltd (TEN) (NYSE:TNP) today reported 36-month long charters with min/max provisions for two product tankers to a major oil concern. At a

Norwegian tax change sees DHT duo relocate to Singapore

JANUARY 4, 2018 — Tanker company DHT Holdings, Inc. (NYSE: DHT) reports that its Co-CEOs — Svein Moxnes Harfjeld and Trygve P. Munthe, both Norwegian citizens — have relocated from Oslo to

Capital Products to merge tankers into Diamond S

NOVEMBER 28, 2018 — Capital Product Partners L.P. (NASDAQ: CPLP) and privately held DSS Holdings L.P. have entered an agreement that will see Capital Products spin off its crude and product tanker

Why Euronav is skeptical on scrubbers

OCTOBER 30, 2018 – “The direction of travel for the large tanker market has changed from going sideways to up,” said Euronav CEO Paddy Rodgers, as the Antwerp, Belgium, headquartered tanker giant

OSG orders two U.S. flag tankers at Korean shipyard

JULY 17, 2018 — U.S.-flag tanker operator Overseas Shipholding Group, Inc. (NYSE: OSG) says it has signed binding contracts with South Korea’s Hyundai Mipo Dockyard Company Ltd.for the construction of two 50,000

DHT Holdings will install scrubbers on 12 VLCCs

JULY 3, 2018 — Tanker operator DHT Holdings, Inc. (NYSE:DHT) has joined the rapidly growing number of shipowners opting to fit scrubbers to a sizable slice of its fleet in preparation for

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