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.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,010 members that receive our newsletter.
Have a news tip? Let us know.
WASHINGTON, Jan 21 (Reuters) – The Trump administration has fired U.S. Coast Guard Commandant Admiral Linda Lee Fagan, the first female uniformed leader of an Armed Forces branch, for putting diversity issues over border security,...
HELSINKI, Jan 16 (Reuters) – The Eagle S tanker seized by Finnish authorities on suspicion of ripping up subsea cables will not face a separate criminal investigation into whether its fuel cargo violates sanctions...
U.S. President-elect Donald Trump is serious about trying to acquire Greenland, both to expand America's sphere of influence in the Western Hemisphere and as a way to cement his legacy, according to three sources familiar with his thinking.
Maritime and offshore news trusted by our 109,010 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
