Yangzijiang Maritime Moves Into Stainless Steel Chemical Tankers
Yangzijiang Maritime Development has been linked to an order for four firm plus two optional 28,000 dwt duplex stainless steel chemical tankers at Zhoushan Ningxing Shipbuilding.
Tanker Owner Adds Third Newbuilding To Growing Revenue Backlog
A tanker owner has bought the company holding a 47,499 deadweight tonne newbuilding contract for delivery in 2029, lifting its revenue backlog around 24 percent to 379 million dollars.
HD Hyundai Launches First Newbuild At Philippine Yard Since 2019
HD Hyundai has launched a 115,000 deadweight tonne product tanker at its Philippine subsidiary, the first newbuilding to leave the Subic yard since 2019.
Brookfield Inherits Nearly Twenty Percent Of Torm Through Oaktree Buyout
Brookfield has taken indirect control of a 19.86 percent stake in Danish product tanker owner Torm, not by buying shares but through its completed acquisition of Oaktree.
Stealth Maritime Lifts Korean Newbuilding Programme To Around 1.3 Billion Dollars
Greek owner Stealth Maritime, part of the Harry Vafias group, has returned to South Korea with a fresh order that takes its total investment in newbuilding projects to approximately 1.3 billion dollars.
Product tanker deliveries set for a sixteen-year high
New deliveries of product tankers are forecast to reach 12m dwt in 2025, an increase of 256% from 3.4m dwt in 2024.
Skov to step down as Hafnia chief executive
Product tanker giant Hafnia has named Soren Steenberg Jensen as its next chief executive, with founding CEO Mikael Skov stepping down on September 1, 2026.
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