In 2008, after a career hauling refined products around the world for a variety of owners, the tanker was converted into a ...

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Following completion of these acquisitions, the Company’s fleet will increase by 50% to a total of six vessels and focus on ...

Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, lease finances leases or bareboat charters-in 112 product tankers (39 ...

“In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) ...

TRMD has a large fleet of 93 ships, including 20 LR2 vessels, and has a conservative balance sheet with strong liquidity. Catalysts for the tanker market include declining diesel inventories, growing ...

Performance Shipping, a shipping company specializing in the ownership of tanker vessels, has entered into a time charter contract with ST Shipping & Transport Pte Ltd., for the 2010-built, 105,304 ...

Product tanker rates are showing signs of strength, and have the potential to crush even the records set in 2022—and the number of oil cargoes transiting through the Bab el-Mandeb Strait is falling.

The Company has entered into an agreement to sell the 2015 built MR product tanker, STI Tribeca, for $39.1 million. The sale of this vessel is expected to close within the first quarter of 2024.