Featured – Page 216

Team Tankers Offloads Two More Older Ships

Team Tankers is selling another two older vessels, pursuing its strategy aimed at younger ocean-going units.

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Net proceeds from the bonds will be used for general corporate purposes and prepayment of debt.

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The parties would invest in a bio-refinery to produce an advanced marine biofuel based on pyrolysis oil.

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Diana Shipping has extended a time charter contract with Cargill International for Medusa.

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Sinopec is to add 100 barges to its fleet to be able to supply IMO 2020 compliant marine fuel.

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