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TANKER NEWS

Seatrans flags out 9 ships05 October 2010 Tuesday 16:35Seatrans flags out 9 shipsChemical tanker and drycargo vessel owner Seatrans is to flag out nine vessels to the Maltese registry.
Time charter for 5 yearsTime charter for 5 years04 October 2010 Monday 17:04
Easier to replace the fleetEasier to replace the fleet04 October 2010 Monday 13:43
Shares offered to pay debtShares offered to pay debt01 October 2010 Friday 11:36
LATEST GALLERIES
    Rental income falls downRental income falls downThe surplus of supertankers competing for Middle East oil expanded, hurting owners trying to pull the market out of its longest run of losses for at least two years.30 September 2010 Thursday 13:06
    Joint venture made with SCIJoint venture made with SCIA joint venture between two Indian state-owned firms ? Shipping Corporation of India and Steel Authority of India Ltd ? has made its first move to acquire ships.27 September 2010 Monday 12:14
    Excess VLCC supply irks marketExcess VLCC supply irks marketStrengthening demand for VLCC shipments in global oil markets is not reflected in spot markets for Middle East oil cargoes on account of a surplus of tonnage.26 September 2010 Sunday 00:09
    Time charter for 6 vesselsTime charter for 6 vesselsGeneral Maritime Corporation announced yesterday that it has reached definitive agreements to enter into time charter contracts for six of its vessels with Trafigura.23 September 2010 Thursday 09:43
    Product tanker delivered to SCIProduct tanker delivered to SCIThe Shipping Corporation of India Ltd. (SCI) accepted delivery of a Large Range-I (LR-I) Product Tanker, m.t. Swarna Brahmaputra.22 September 2010 Wednesday 11:2
    Oil tanker Jeyhun returnsOil tanker Jeyhun returnsThe river and sea type oil tanker Jeyhun built for the State Service of River and Sea Transport of Turkmenistan has returned from the navigation trial.22 September 2010 Wednesday 11:0
    Scorpio buys Aframax tankerScorpio buys Aframax tankerScorpio Tankers Inc announced yesterday that it entered into an agreement to purchase an LR2 Aframax product tanker for a purchase price of $52.2 million.22 September 2010 Wednesday 10:0
    16% decrease in freight rates16% decrease in freight ratesBroking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,625 and by 25% to USD 7,752 in the last month.17 September 2010 Friday 10:20
    Decline in supertanker ratesDecline in supertanker ratesRental income from shipping Middle East crude oil to Asia, the world?s busiest route for supertankers, dropped for a fourth day.13 September 2010 Monday 10:36
    Investment for tanker operationInvestment for tanker operationThe shipping arm of Philippine conglomerate San Miguel Corporation (SMC) announced that it investing P613.8 million to lease and operate a 3,999 gross ton oil tanker.13 September 2010 Monday 09:59
    Vale SA will buy 12 shipsVale SA will buy 12 shipsVale SA, the world?s largest iron- ore producer, will borrow $1.23 billion to buy ships from a Chinese shipyard as Asian demand for the steelmaking material increases.13 September 2010 Monday 09:31
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