Image: J. Lauritzen
Shipowner J. Lauritzen, following their announcement in mid-August to gradually exit the product tanker market, has concluded the sale today of its fleet of ten wholly-owned product tankers to Hafnia Tankers.
This deal adds USD $115 million in cash to J. Lauritzen’s coffers plus a $10 million equity stake in Hafnia. J. Lauritzen notes that all vessels will be delivered by February 2014.
Meanwhile, Scorpio tankers is furiously ordering as many tankers as they possibly can.
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Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
ADEN/WASHINGTON, April 17 (Reuters) – U.S. strikes on Yemen’s Ras Isa fuel terminal on the Red Sea coast have killed at least 74 people in the deadliest attack since the U.S. started its...
The US attacked a key Yemen oil port controlled by the Houthis overnight and killed dozens of people, according to the Iran-backed militants, raising the specter of a widening conflict in the Middle East.
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