Tsakos Energy confirms order for two aframaxes
‘More favourable fundamentals’ expected in second quarter and beyond as New York-listed tanker owner posts first-quarter loss
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China Surprises with Threat on US Energy Exports
Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.China responded to $50 b…
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Tanker Markets Find No Respite in May
In its latest monthly report this week, OPEC said that in May, weak dirty tanker market sentiment continued, despite spot freight rates mostly showing gains from the previous month across a number of routes. Vessels of different sizes, in both clean an…
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TEN Ltd Reports First Quarter Loss On “Historically Low Rates in All Categories of Vessels”
TEN, Ltd (TEN) reported results (unaudited) for the quarter ended March 31, 2018. Q1 2018 Summary Results TEN generated gross revenues of $125.7 million, an Operating Income of $5.6 million and incurred a net loss of $11.9 million in the first quarter …
Dorian LPG Board Declines BW LPG’S Unsolicited Proposal
Dorian LPG Ltd. announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from BW LPG Ltd. (OB: BWLPG) (“BW LPG”) to combine with Dorian in a stock-for-stock transaction. After a thorough review, co…
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