World Maritime News – Page 161

Frontline Buying Up to 14 Suezmax Tankers from Trafigura

The company signed a deal to purchase ten 2019-built tankers, with options for four more units.

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Profit for the period increased to USD 753 million, representing a growth of 26.8% on a reported basis.

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IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would “further disrupt and unsettle supply chains.”

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The loan would be used to finance four new LR1 product tankers being built at Guangzhou Shipyard.

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The alleged cartel conduct is related to shipping of certain vehicles to Australia between June 2011 and July 2012.

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