Tanker firm also buys a secondhand capesize as Fredriksen consolidates shipping interests
- Knightsbridge sees stronger fourth quarter revenues
- Fredriksen leads a commodity shipping shake-up
- Ship Finance International places $150m Oslo bond
Tankers aged 15 fetch $28m, up from $22m in November, Clarkson reportsVLCC spot earnings stabilise as charterers...
Free to read: Industry fears cash buyers are paying prices that market fundamentals...Demolition rates soften on the Indian...
Vessel confirmed sold for $30.2mNew tankers for old as Scorpio offloads...
Fleet shake-up after New York-listed firm booked 50 newbuildings last yearScorship quits Scorpio Group
Prospects of spikes in earnings keep tankers on water rather than going to scrapyards
Better supply-demand balance boosts prospects for dry bulk this year
But beyond 2014 owners face overcapacity as vessel deliveries rise and scrapping slows
Some pain, some gain as total capacity rises and more panamax scrapping is expected
- Breakers opt for caution amid price and political volatility
- Demolition rates soften on the Indian subcontinent
- More than 3% of boxships remain inactive
Euronav's latest move displays keen business sense
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1580 (18) Baltic Dry Index
Fredriksen firm sells two VLCCs to sidestep an expensive survey
Frontline will pay Ship Finance $90m as compensation for ending charters
Secondhand demand reduces tonnage sold for scrapping
Rates are buoyant as Indian subcontinent breakers stock up on ships
Ardmore reports improved earnings and supply-demand balance
But costs of going public weigh down its third-quarter results